The Land Transportation, Franchising and Regulatory Board (LTFRB) is confident that the country will have ample supply of modern public utility vehicles (PUV) to replace old units that will be phased out under the PUV Modernization Program.
“We would like to think that there will be enough [modern PUVs],” LTFRB Chairman Martin Delgra 3rd told The Manila Times TV’s “Business Agenda” on Wednesday.
Delgra said there were at least 30 suppliers of different kinds of modern PUVs.
“The government simply sets the standards — the technical and environmental standards of what a public utility vehicle should be,” he explained.
The PUV Modernization Program envisions a restructured, modern, well-managed and environmentally sustainable transport sector where drivers and operators have stable and dignified livelihood and commuters get to their destinations quickly, safely and comfortably.
Delgra emphasized the need for a modern transportation system in the country.
“No one would deny the fact that it is really high time to modernize. I think there is no issue there. We need to modernize our public transportation system,” he said.
This year, about P2.7 billion was allocated for the program’s implementation, P500 million of which was for the capacity building and training requirements of the Department of Transportation.
Meanwhile, the Land Bank of the Philippines and the Development Bank of the Philippines were allocated P1.1 billion each to subsidize a portion of the equity contribution of buyers.
“We would like to take advantage of [the Duterte administraton’s] political will. As I have said, there is not a time in our history that we were able to implement something as fundamentally shifting as this,” Delgra said.
The LTFRB head is hoping that the program would be completed before President Rodrgo Dutete’s term ends in 2022.
Delgra said the program has a transition period of three years — June 2017 to June 2020.