Policy Database

SBN-867 Just and Humane Public Utility Vehicles Modernization Act

An Act Providing for a Just and Humane Public Utility Vehicle (PUV) Modernization Program, with Transitory Assistance and Services Rendered to PUV Drivers, Operators and Stakeholders Appropriating Funds Therefor, and for other purposes

Under the proposed program, jeepneys shall only be required to replace their engines to make them Euro 4 compliant. To lighten the capital burden, the government shall provide financial assistance which shall not be less than 10% of the price per unit. The interest rate on loan amortization shall not exceed 4% diminishing annual interest considering the mass/public nature of PUV services, and the loan amortization period shall be at least fifteen (15) years
Author: Poe, Grace
Date: August 05, 2019


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