MANILA - The Toll Regulatory Board has released the approved rates to be collected for the use of the Skyway Stage 3 elevated expressway, spokesperson Julius Corpus said Wednesday.

Starting July 12, San Miguel Corp's SMC Infrastructure will collect the following toll:

• Buendia to Balintawak = P264
• Buendia to Sta. Mesa = P105
• Sta. Mesa to Ramon Magsaysay = P30
• Ramon Magsaysay to Balintawak = P129

Skyway Stage 3 rates starting July 12, Monday:

Buendia to Balintawak | P264
Buendia to Sta. Mesa | P105
Sta. Mesa to Ramon Magsaysay | P30
Ramon Magsaysay to Balintawak | P129

TRB Spox Julius Corpus says approved rates are fair to motorists & investors. pic.twitter.com/QW9IEZ7qW0

— Jacque Manabat (@jacquemanabat) July 7, 2021

San Miguel on Tuesday said it would start collecting fees for Skyway Stage 3 on July 12 after deferring for nearly 7 months.

Collected funds will be used for efficient operations and maintenance, it said.

A total of P246 million in waived fees was reported by SMC spanning over 15 months.

• San Miguel to collect 'equitable' toll fee for use of Skyway Stage 3 starting July 12

The 18-kilometer elevated expressway, which aims to decongest EDSA, connects the South Luzon Expressway and the North Luzon Expressway.

Skyway Stage 3 reduces travel time from Alabang to Balintawak to only 30 minutes from 3 hours.

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-- with a report from Jacque Manabat, ABS-CBN News