LTFRB, naglabas ng memorandum circular para sa bagong polisiya sa consolidation sa pagpapatupad...

LTFRB, naglabas ng memorandum circular para sa bagong polisiya sa consolidation sa pagpapatupad ng PUV modernization

Transcript

00:00 The Memorandum Circular issued the Land Transportation Franchising and Regulatory Board

00:06 for the consolidation of the operators in order to implement the PUV modernization.

00:12 The stakeholders of LTFRB requested to look at their website for the new plan

00:18 before reaching the December 31 deadline,

00:21 up to the consolidation or the formation of the cooperative or corporation of the operators.

00:27 The changes are discussed along the route,

00:31 the replacement of the new unit, route rationalization,

00:35 and financial assistance or equity subsidy

00:38 that was increased from Php 280,000 to Php 160,000 only.

00:44 The LTFRB Circular issued the policy guidelines of our stakeholders

00:54 on how to avail of the consolidation and the changes in our existing policy on consolidation.

01:07 It is posted on the website of LTFRB.

01:10 We can look at it, the stakeholders,

01:12 so that as early as this time, before reaching December 31,

01:17 they can file their application for consolidation.