MANILA, Philippines — The Land Transportation Franchising and Regulatory Board (LTFRB) is set to introduce new measures to address grievances by the Transport Network Vehicle Service (TNVS) sector following last Monday’s transport holiday, an official said yesterday.
LTFRB chairman Martin Delgra III, during a dialogue with transport groups yesterday, said among the possible measures to be implemented include the opening of LTFRB offices on two Saturdays a month to process TNVS franchise applications.
He said the LTFRB would stamp a 90-day provisional authority to operate on franchise applications filed between January and May.
The board said it will accommodate 1,000 applicants per day.
Delgra also appealed to banks to be more lenient on TNVS operators, noting that 90 percent of rescheduled hearings of franchise applicants were due to problems with bank requirements – an applicant needs to present proof of bank deposit of P50,000.