Filtered By: Money
Money

LTFRB to start accepting TNVS applications Feb. 5


Want to see the E22 local results for ? Click location.

The Land Transportation Franchising and Regulatory Board (LTFRB) said on Friday it will start accepting franchise applications for transport network vehicle services (TNVS) on Feb. 5, 2018.

The board has issued an order setting the parameters on the number of TNVS operating nationwide.

“With the memorandum circular we have already issued. It is effective Feb. 3—it is a Saturday—so the start of acceptance of new TNVS applications will be on Monday, Feb. 5,” LTFRB Chairman Martin Delgra said in a press conference in Quezon City.

The LTFRB issued Memorandum Circular 2018-03 last week setting a common supply base of 45,700 TNVS units.

All valid and existing Certificate of Public Convenience (CPC) to operate TNVS, as well as pending applications for CPC—or 13,977 in all—will be part of the common supply base.

Delgra the LTFRB will start accepting new TNVS applications on February 5 to “fill the gap” and complete the common supply base.

With MC 2018-03 in place, he said, the LTFRB has “virtually” lifted the suspension on TNVS applications since July 21, 2016 under Memorandum Circular No. 2016-008.  —VDS, GMA News

Find the latest news

Choose your candidates and print out your selection.

Find out your candidates' profile

Voter Demographics

Find out individual candidate platforms