THE Public Utility Vehicle Modernization Program (PUVMP) is not dead, it continues, according to Land Transportation Franchising and Regulatory Board Regional Director Richard Osmeña.
Osmeña said the program was stalled because of requirements of the bank. He said they are helping the cooperatives and corporations, however, the approval is in hands of the banks.
The PUVMP has been the subject of protests of PUV drivers and operators.
On June 19, 2017, the Department of Transportation issued Department Order No. 2017-011 (Re: Omnibus Guidelines on the Planning and Identification of Public Road Transportation Services and Franchise Issuance) or the Public Utility Vehicle Modernization Program (PUVMP). It will also phase out dilapidated and not road-worthy PUVs.
To soften the impact and assist small operators who will be affected by the PUVMP, a special loan program with Landbank and Development Bank of the Philippines is being proposed which will provide access to operators and drivers to adequate funding. Stakeholders will also have access to various training and social support programs, which will be offered to enable them to be competent, self-sufficient, and well-equipped with the necessary technical knowledge and skills.