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PUVMP consolidation rate reaches 81% - LTFRB
The Philippine Star
|May 02, 2024
An 81 percent consolidation rate for jeepneys has been achieved under the public utility vehicle modernization program (PUVMP), according to the Land Transportation Franchising and Regulatory Board (LTFRB).
About 160,000 units have met the PUVMP's consolidation requirement, LTFRB chairman Teofilo Guadiz said.
Many operators trooped to the LTFRB offices to join the program at the last minute, he noted.
"That's why it went up from 77 to 81 percent as many applied for industry consolidation at the last minute," he told "Story-con" on One News.
Guadiz, however, said they will give due process to over 10,000 jeepneys nationwide that are now deemed colorum units.
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