Philstar
Government OKs subsidy for modern jeepney cooperatives
The Land Transportation Franchising and Regulatory Board (LTFRB) has approved the applications of 25 transport cooperatives to receive government subsidies for acquiring modern jeepneys.
This approval will lead to the acquisition of 162 additional modern jeepneys, increasing the number of public utility vehicles available for commuters.
LTFRB Chair Vigor Mendoza II emphasized the agency's commitment to improving public transportation services and ensuring the welfare and comfort of Filipino commuters.
The approved subsidies are part of the Expanded Equity Subsidy (EES) program, which facilitates partnerships between the LTFRB, the Department of Transportation, and financial institutions to offer loan packages for modern jeepneys.
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