The Land Transport Franchising and Regulatory Board (LTFRB) approved the accreditation of the app-based transportation service provider Uber as a Transport Network Company (TNC) on Wednesday.
“Today, LTFRB approved Uber’s Application for Accreditation as TNC. Uber partners may now file their Application for Franchise for TNVS (transportation network vehicle service),” LTFRB Chairman Winston Ginez said in his Twitter account.
Uber partner drivers will have to pay a filing fee of P520 and secure franchise or provisional authority. Uber cars should are required to have global positioning system (GPS) tracking and navigation devices.
Uber is the second company to secure the accreditation. GrabCar was accredited in July.
The LTFRB earlier warned that beginning August 20, the agency will start apprehending unregistered transport network companies (TNCs). Unregistered private vehicles operating as public utility vehicles will be fined P200,000 and cars will be impounded for three months.
In their Memorandum Circular 2015-015 to 018 issued on May, they required TNCs to file for accreditation and Certificate of Public Convenience from the LTFRB. All app-based transport service providers who will not be able to apply for accreditation from the LTFRB will be considered as “colorum” vehicles.
Meanwhile, the agency is expecting Uber and GrabCar to have 8,000 to 10,000 units on the road. They added that TNCs will limit the use of private vehicles through ride sharing.