LTFRB approves subsidy for 162 modern jeepneys under transport modernization program

LTFRB Approves Subsidy for 162 Modern Jeepneys A Significant Step Towards Transport Modernization

The Philippines' Public Transportation Modernization Program (PTMP) has taken a crucial step forward with the Land Transportation Franchising and Regulatory Board's (LTFRB) approval of subsidy applications from 25 transport cooperatives. These cooperatives will receive government support to procure 162 modern jeepneys, significantly boosting the number of public utility vehicles on the road.

The approved cooperatives operate across Northern Luzon, Visayas, and Mindanao, ensuring that this investment in modern transportation infrastructure benefits a broad geographic area. The Expanded Equity Subsidy (EES) program will provide crucial support to small transport operators, enabling them to acquire modern jeepneys and increase the overall fleet of public utility vehicles.

This development marks a significant milestone in the PTMP's mission to transform the country's public transportation system. The LTFRB has been working closely with the Department of Transportation (DOTr) and partner financial institutions to facilitate access to loan packages for transport operators, ensuring that they can acquire new units and improve their services.

Efficiency and Accountability

LTFRB Chairman Vigor Mendoza II emphasized the importance of careful review in approving these applications. We must ensure that every peso given as subsidy is used efficiently and effectively, he stated. This commitment to efficiency reflects the LTFRB's ongoing efforts to streamline processes, reduce bureaucratic red tape, and fast-track pending petitions and applications without compromising the thorough review of new submissions.

A Brighter Future for Public Transportation

As we look ahead to 2025 and beyond, it is clear that the PTMP has the potential to revolutionize public transportation in the Philippines. The introduction of modern jeepneys and other transportation solutions will bring improved services, increased accessibility, and enhanced overall travel experiences for commuters.

In the words of Chairman Mendoza II, The Public Transportation Modernization Program is not just a program – it's a movement that will transform the way we move around our cities and towns. As the LTFRB continues to drive this movement forward, we can expect significant changes in the country's public transportation landscape.

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Edward Lance Arellano Lorilla

CEO / Co-Founder

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