LTFRB tasked to regulate TNCs
The Department of Transportation (DOTr) has authorized the Land Transportation Franchising and Regulatory Board (LTFRB) to regulate transport network companies (TNCs) as well as the transport network vehicle service (TNVS) units serving under them.
LTFRB shall oversee and monitor the compliance of TNCs and TNVS with policies, laws, and regulations.
It shall be in charge of issuing franchises, setting of routes and operating conditions, and imposing fines, suspensions, and cancellations when necessary.
Fares, rates, and other related charges will also be determined by the LTFRB after public hearings and consultations in order to ensure that they are just and reasonable.
DOTr undersecretary for road transport and infrastructure Tim Orbos said the LTFRB must ensure the safety and protection of commuters.
LTFRB chairman Martin Delgra III said the agency is ready to fulfill its mandate.
?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.