LTFRB approves MyBus application for Talisay-Mambaling route
THE Land Transportation Franchising and Regulatory Board (LTFRB) approved the franchise for three SM MyBus units last Tuesday, Nov. 24.
The order was signed by regional LTFRB director Reynaldo Elnar.
The approved franchise application covers the route Talisay City to Cebu City SM Seaside City via SRP Mambaling, N Bacalso and vice versa.
“They can collect fare for the routes,” Elnar said.
The fare for this route is P25.
“Units for other routes are still subject for inspection and should pass the standards,” Elnar said.
The regional LTFRB director said the MyBus application which is under the High Quality Public Transport System is a first of its kind in Metro Cebu.
“None of the oppositors are existing HQPTS providers of the same standards and categories as those stipulated in the December 17, 2014 memorandum of the Department of Transportation and Communications (DOTC). Neither are there existing operators of the same route which is considered a developmental route),” Elnar stated in his order.
MyBus is owned and operated by Metro Rapid Transit Services Inc.
It is a joint venture between SM Prime Holdings Inc.’s subsidiary Premier Southern Corp and Jam Liner Inc.
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