LTFRB Chairman Teofilo Guadiz III announced plans to 'recalibrate' the Public Utility Vehicle Modernization Program (PUVMP) in response to concerns raised by affected drivers. The move comes after jeepney drivers expressed grievances during a House committee hearing, citing loss of ownership and legal issues after joining cooperatives under the PUVMP. The deadline for consolidation was Dec. 31, 2023, with approximately 38,000 PUVs yet to be consolidated. The decision to review the program aims to address these issues and prevent their recurrence. Stay updated on the latest developments in the PUVMP recalibration process.
Land Transportation Franchising and Regulatory Board (LTFRB) chairman Teofilo Guadiz III said on Wednesday, January 10, 2023, that they will “recalibrate” the Public Utility Vehicle Modernization Program (PUVMP) in order to address the concerns of the affected drivers.