The Land Transportation Franchising and Regulatory Board (LTFRB) on Saturday announced that it has approved the applications of 25 transport cooperatives for subsidies in the procurement of modern jeepneys under the Public Transportation Modernization Program (PTMP).
LTFRB Chairperson lawyer Vigor Mendoza II said the approval of the applications is part of President Ferdinand Marcos Jr.’s commitment to improve the country’s public transportation system amid concerns related to accessibility.
The approved applications cover various areas nationwide, from the northern parts of Luzon to Mindanao.
The LTFRB’s approval of the applications for 25 transport cooperatives will pave the way for the acquisition of 162 more modern jeepneys, which translates to more public utility vehicles on the road to cater to the growing number of Filipino commuters.
“Our commitment to fast-track all the pending petitions is aimed at improving the quality of service in terms of public transportation in the country. The Filipino people deserve more good services and a fast government response to ensure their welfare and comfort,” Mendoza said.
“We are working double to resolve all these pending petitions, applications, and motions without compromising the new petitions and motions,” he added.
The approval of the applications of 25 transport cooperatives is likewise under the Expanded Equity Subsidy (EES) of the national government, which aims to assist small transport operators in acquiring modern jeepneys.
