Gov?t raises number of TNVs to 66,750
The Land Transportation Franchising and Regulatory Board (LTFRB) has increased the number of transport network vehicle service (TNVs) units to 66,750 to serve the growing demand for ride sharing services in Metro Manila, Metro Cebu and Pampanga.
The number of TNVs in Metro Manila had been raised to 65,000 from 45,000, Metro Cebu 1,500 from 500 and Pampanga 250 units from 200.
LTFRB has amended the common supply base due to unserved demand, color coding and churning peculiar to TNVS operation.
There are currently 59,020 active TNVS units out of the 119,283.
LTFRB also allowed accredited hatchback units subject to a transition period of three years to allow operators to recoup their investment.
“Hatchback units shall only be allowed to operate within Metro Manila. Hatchback units are prohibited from operating in the provinces of Laguna, Bulacan, Rizal and Cavite,? LTFRB said.
These units shall also charge lower fare rate for approval by the agency.
“TNVS applicants shall likewise be allowed to replace or drop and substitute their accredited vehicles with year models from 2012 and earlier within 90 days from effectivity of this circular,? LTFRB added.