The Land Transportation Franchising and Regulatory Board (LTFRB) has allocated PHP79 million for Phase IV of the public utility vehicle (PUV) service contracting program (SCP) in select local government units (LGUs) in Western Visayas, Philippines.
Under the SCP, qualified transport cooperatives or corporations will be paid based on the distance they travel, with payments going directly to their accounts. This program is being implemented in selected areas in Silay City and Bacolod City in Negros Occidental province, Roxas City in Capiz, and Iloilo City. Over 20 transport cooperatives covering city and intercity-provincial routes stand to benefit from the program. Incentives of PHP20/km for traditional jeepneys and PHP26/km for modernised jeepneys will be provided, monitored through GPS, and liquidated based on the distance travelled.
The program will commence once all necessary agreements and documentary requirements are met.
