Tugade signs order for LTFRB to regulate ride-hailing firms
TRANSPORT Secretary Arthur Tugade has signed an order allowing the Land Transportation Franchising and Regulatory Board (LTFRB) to regulate transport network vehicle services (TNVS) and transport network companies (TNCs).
LTFRB Board Member Atty. Aileen Lizada said TNCs and TNVS will now be “subjected to the full regulation and supervision” of the board.
“The TNCs and TNVS are subjected to the full regulation and supervision by LTFRB, including but not limited to application and approval/denial of franchise, setting of fares, routes, operating conditions, and imposition of fines, suspension and cancellation of franchise,” Lizada told reporters via Viber.
Lizada said fares will be determined by the LTFRB after the conduct of a public hearing or consultation with the TNCs and TNVS.
LTFRB Chariman Martin Delgra III also assured the public that the agency is processing applications to make sure that no colorum vehicles would go out on the streets.
“The LTFRB has been engaging with TNCs and TNVS operators and drivers far more often than any other group over the past year. It is because we see their value, and because we believe that if done right, they will make a big difference and our commuters will ultimately benefit,” Delgra said in a statement.
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