ILOILO CITY: The city government will fully implement the traffic regulation project, which centers on the clamping of parked vehicles in regulated city streets starting this February 25, according to City Councilor Plaridel Nava, chairman of the SP committee on transportation. Nava said the project is a joint venture agreement with 3L Corp., which has no cost to the city government because of the agreed 70-30 sharing scheme. Under the agreement, 70 percent of the fines paid will go to 3L while 30 percent will go to the city. The project works in two ways, clamping the tires of illegally parked vehicles and towing any vehicle that is parked in designated commercial streets, which currently include Iznart, JM Basa, Ledesma, Valeria, Quezon, Mabini and Gen. Luna . The fines are set at P1,000 for light vehicles , P1,200 for vans and trucks and P1,200 for public utilities jeepneys.