Over 75,000 operators of PUVs get P869-M cash aid — LTFRB

Published February 6, 2021, 6:56 PM

by Alexandria Dennise San Juan

More than 75,000 operators of public utility vehicles (PUVs) have received financial assistance from the government’s direct cash subsidy program, the Land Transportation Franchising and Regulatory Board (LTFRB) said.

(JANSEN ROMERO / MANILA BULLETIN)

As of January 29, the agency has distributed P869,459,000 to 75,649 operators with 133,763 PUV units since the program was implemented in November 2020.

According to LTFRB Chairman Martin B. Delgra III, the beneficiaries include operators of public utility buses, point-to-point buses, public utility jeepneys, mini buses, UV Express units, and Filcabs with a prescribed route and are authorized to operate during the pandemic.

PUV operators, who have been severely affected by the ongoing pandemic, will get a subsidy of P6,500 per unit which is covered under the P1.158-billion budget allotted for the program under the Bayanihan To Recover As One Act or the “Bayanihan 2.”

At least 178,000 PUV units are targeted to be assisted under the program including 120,000 jeepneys, 21,998 buses, 24,374 UV Express units, 10,188 Filcabs, 1,259 mini buses, and 426 point-to-point buses.

Beneficiaries can use the cash aid as debt payments, for fuel and other operational and maintenance expenses, for purchase of health supplies to avoid contracting COVID-19, or other needs to continue their day-to-day operations.

The cash subsidy will be deposited to their Landbank Pantawid Pasada Program Cash Cards or into their existing Landbank or any bank accounts through PESONet and INSTAPay, the LTFRB said.

Over-the-counter (OTC) withdrawal at Landbank servicing branches will also be available for beneficiaries without cash cards or bank accounts, the agency added.

Delgra said the transport department is set to fully disburse the allocated fund for the direct cash subsidy by April 2021 while the Board is currently processing the remaining 21,967 PUV units whose operators will receive the assistance through OTC transactions.

The LTFRB chief also assured that it will continue to help PUV operators in maximizing the budget for the program for them to continue their operations, as well as meet the demands of the riding public under the “new normal.”

 
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