DCOTT collection declines in first semester of 2012-A A +A
Friday, July 20, 2012
THE Davao City Overland Transport Terminal (DCOTT) recorded a decrease of 1.7 percent in its revenue collection for the first semester of 2012 at P10.1 million compared to the P10.3 million it netted for the same period last year.
But, despite the slight drop in its revenue collection for the first six months, DCOTT managed to post a hike in its collection in the second quarter as against the previous quarter of the year.
DCOTT's four major revenue sources are coming from buses, public utility jeepneys (PUJs), vans and stalls and stands.
The city enterprise recorded an increase in its revenue collection for buses at P3.2 million in the second quarter, up by 2.1 percent from the first quarter's P3 million. Revenue collection from vans for the second quarter is P585,790, up by 8.1 percent from P537,970 total collection in the first quarter.
The agency also noted a 5.4 percent increase in collection fees for stalls and stands for the second quarter at P731,970 from P692,140 in first quarter.
DCOTT officer-in-charge Maribeth Lumactod earlier said 160 small businesses are situated inside the Davao terminal. Of the total number, 82 are listed as stands and 78 are stalls.
Renters of stands have to pay P2,500 a month for those who are facing outside the terminal and P2,000 for those small stands facing inside the terminal, according to Lumactod.
For stalls, DCOTT charges renters P6 per square meter a day. Every stall renter is allowed of only two square meters.
The decrease in the total revenue collection also led to a drop of the agency's collection efficiency at 50.50 percent for the first semester from 51.39 percent in the same period last year.
However, with the total revenue for the first semester at P10.1 million, DCOTT is already halfway in its target of P20-million collection for 2012.
Published in the Sun.Star Davao newspaper on July 21, 2012.