LTFRB to phase out franchise of v-hires
November 12, 2006 The Bohol Standard
It would be bad news for operators of vans-for-hire.
The Land Transportation Franchising and Regulatory Board (LTFRB) have announced plans to phase out franchises of vans-for-hire to encourage the operations of public utility bus (PUB).
LTFRB has stopped accepting applications for franchise or renewals for v-hires because the agency wanted to phase out this kind of transportation.
A study released by the Department of Transportation and Communication (DOTC) said PUB is still the most efficient and less costly mass transportation in the country today.
Likewise, findings reveal that jeepneys cause heavy traffic in major thoroughfares and should be allowed only in secondary roads.
The capacity of four passenger jeepneys is equivalent of one bus.
LTFRB Legal Officer Jose Douglas Sanson said v-hire franchises issued in the late 1990s and 2000 are valid for five years.
The operator is entitled to one renewal for the same period to recover his investment.
The agency is also encouraging the operations of AUV (Asian utility vehicles) to serve point-to-point routes.
Linkback:
https://tubagbohol.mikeligalig.com/index.php?topic=85050.0