The Daily Tribune
LTFRB: PUVMP not on us
The Land Transportation Franchising and Regulatory Board (LTFRB) states it is not responsible for the viability of the Public Utility Vehicle Modernization Program (PUVMP), as they are merely the implementing agency.
Transportation Secretary Vince Dizon admitted in the Senate that the PUVMP seems unviable due to significant loan defaults amounting to at least ₱5.1 billion.
LTFRB spokesperson Atty. Ariel Inton clarified that the PUVMP's continuity was recommended by a committee formed by Secretary Dizon, which did not include the LTFRB.
Inton highlighted that Secretary Dizon himself issued a department order in May 2025 to reopen the consolidation process, suggesting the program's continuation is directed from higher levels.
He added that if the program is indeed no longer viable, a similar department order would be required for the LTFRB to implement any changes.
Inton also urged an assessment into why some transport cooperatives are successful in managing their loans and driver salaries, contrasting with those facing difficulties.
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