The Land Transportation Franchising and Regulatory Board (LTFRB) will implement a fare discount scheme for Public Utility Vehicles (PUVs) that is set to start next month, first in Metro Manila before being expanded to nearby provinces.
LTFRB chairperson Teofilo Guadiz III said the proposal is being prepared while the budget for the Service Contracting Program (SCP) is already “ready.”
“The agency is just waiting for the money to be downloaded to the LTFRB. After that the SCP immediately push through,” he said.
The SCP and the fare reduction program, he said, will follow the guidance of Department of Transportation (DOTr) Secretary Jaime Bautista.
Under the proposed discount scheme, traditional jeepney fares revert to pre-pandemic level at P9 from the current P12.
Fares for modernized jeepneys will be at P11 while bus fares will be reduced by P3 to P4. UV Express rates are still being studied.
Guadiz said senior citizens, PWDs and students will get additional discounts.
“I believe the budget may last only for about six months, half a year. So as early as now, I am requesting the DOTr to come up with additional funding so that we can stretch it until the end of the year,” Guadiz said.
He said the LTFRB is seeking an additional P2.1 billion to be allocated for the service contracting program.
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