NORTH Luzon Expressway (Nlex) Corp. hopes to sustain as much as 6-percent traffic growth this year, even as travel is expected to decline due to rising fuel prices in the local market.
Rodrigo E. Franco, the president of Nlex Corp., said his group aims to stimulate traffic by a minimum of 5 percent and a maximum of 6 percent in 2018.
“For the first quarter, we saw a 9-percent growth in traffic. Hopefully, we can sustain, but our target for the whole year is an increase of between 5 percent and 6 percent,” he said in a chance interview.
Last year Nlex booked an 8-percent increase in traffic to 237,046 vehicles per day.
Franco noted constraints in fuel prices may hamper growth this year, hence the slower growth target.
“There are much more constraints, especially since prices of fuel have risen in the past few months. Sooner or later, if the trend continues, people are going to reduce their travel frequency,” Franco noted.
With Sharmaine O. Paden