Inquirer
LTFRB vows full implementation of PUV modernization despite delays
The Land Transportation Franchising and Regulatory Board (LTFRB) vows to fully implement the Public Transport Modernization Program (PTMP) despite reported delays.
LTFRB Chairperson Atty. Teofilo Guadiz III affirmed the agency's commitment to ensuring the program's unimpeded implementation.
The LTFRB is seeking financial aid from government institutions to assist modernized jeepney operators with their loan obligations.
A previous assessment in June 2025 by former Transport Secretary Vince Dizon deemed the PTMP 'not viable' due to operators' inability to pay loans.
As of June 2025, the government had released up to P15 billion in loans through Land Bank of the Philippines and the Development Bank of the Philippines, with over P5 billion still outstanding.
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