More Grab, Uber! LTFRB OKs adjusting kcap on TNVS cars
The Land Transportation Franchising and Regulatory Board (LTFRB) has allowed more Grab and Uber cars to ply in the metro.
The body has set a new common supply base for transport network vehicles services (TNVS) adjusting it from 45,700 to 66,750 vehicles.
LTFRB said this will be able to cover 75 percent of the demand.
Under the revised Memorandum Circular (MC) 2018-005, LTFRB allows 65,000 units for Metro Manila, 1,500 units for Metro Cebu, and 250 units for Pampanga.
“The TNVS will be able to serve 75 percent of the bookings … Dapat mas mabilis na ang serbisyo niyo at wala na sana ang cancellation,” LTFRB board member Aileen Lizada said.
In the latest circular, the board also allowed hatchback models to operate within Metro Manila but not in the provinces of Laguna, Bulacan, Rizal, and Cavite.
“Hatchback units shall be accepted to a transition period of three (3) years in order for the peers to recoup their investment,” stated in the MC, which will take effect on Feb. 28.
Hatchback drivers shall charge lower fare rates to be approved by the LTFRB.
TNVS applicants are also required to replace their accredited vehicles with year models from 2012 and earlier within 90 days from effectivity of the circular.