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Press Release Zubiri: Stop Red Tape on PUV Modernization Senate Majority Leader Juan Miguel Zubiri met with transport cooperatives in Visayas on Friday, 30 July 2021, to discuss the sector s modernization efforts, particularly the challenges they are facing in securing loans from government financial institutions. Zubiri, who chairs the Senate Committee on Cooperatives, was a guest at the inaugural Transport Cooperative Visayas Congress in Cebu City, organized by the National Federation of Transport Cooperatives. The transport is facing a real paradigm change, in terms of PUV modernization, he said. But bureaucracy is making it unnecessarily hard for them to effectively modernize. He expressed frustration over bureaucratic red tape faced by transport cooperatives, who are made to process time-consuming documentary requirements in order to modernize. He referred particularly to the Local Public Transportation Route Plan (LPTRP) requirement of the Development Bank of the Phili

Philippines generalQuezon cityTransportation cooperatives development fundDepartment of transportationModernization programSenate majority leader juan miguel zubiriLand bankDevelopment bankPublic utility vehicle modernization programNational federation of transport cooperativesSenate committee on cooperativesVisayas congressTransportation cooperatives development loan fundStop red tapeMajority leader juan miguel zubiriSenate committee