LTFRB moves date of application for new TNVs
The Land Transportation Franchising and Regulatory Board (LTFRB) has moved the date of application for new transport network vehicles (TNVs) from February to a new schedule in March.
In an advisory released on Wednesday, the LTFRB said that the application was moved from its original date on February 5, to March 5.
However, the agency did not issue any explanation on the sudden change of dates.
Last Jan. 19, a memorandum circular was published by the LTFRB stating the common supply base of TNVs, or the viable or allowable number of TNVs plying.
The memorandum would then be reviewed every three months after it becomes effective 15 days after publication.
Brian Cu, head of Grab Philippines, also appealed to the LTFRB to increase the cap of TNVs in Metro Manila from 45,000 to 75,000.
“I think 75,000 would be the number of unique drivers on the road right now,” Cu said in a press briefing held on Tuesday in Quezon City.
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