LTFRB touts service contracting as transport groups fear coming oil price hikes

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Passengers pictured at Tandang Sora Jeep Terminal in Visayas Avenue, Quezon City on Oct. 19, 2021. The Department of Transportation is pushing for an increase in passenger capacity of public utility vehicles following the downgrading of Metro Manila's COVID-19 alert level from 4 to 3.

The STAR / Michael Varcas

 

MANILA, Philippines — Despite coming oil price hikes, the Land Transportation Franchising and Regulatory Board on Friday touted the supposed successes of its service contracting program once more with transport groups still bemoaning the delayed payout from the program. 

 

At a press briefing Friday morning, the LTFRB said that as of June, 64,157 public utility vehicle units have been onboarded under the government's service contracting program, where they are paid based on how many kilometers they run instead of how many passengers they bring in. 

 

Based on its latest data, the LTRFB on Thursday also said that it had already distributed P1.17 billion worth of fuel subsidies to 68% of its beneficiaries. For service contracting units, 4,368 routes have also been opened.

 

Full Story: https://www.philstar.com/headlines/2022/06/03/2185813/ltfrb-touts-service-contracting-transport-groups-fear-coming-oil-price-hikes

 

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