(Eagle News) — The Land Transportation Franchising and Regulatory Board has limited the number of vehicles operating under ride-sharing applications such as Uber and Grab nationwide to 45,700.
According to LTFRB Memorandum Circular Number 2018-003, of the total number, 45,000 Transport Network Vehicle Service (TNVS) units will be in Metro Manila; 500 in Metro Cebu; and 200 in Pampanga.
“The numbers were arrived at based on the data given by the (Transport Network Companies) considering its dual citizenship part time, fulltime, number of bookings as well as churn rates,” LTFRB board member Aileen Lizada said in a text message to reporters.
According to Lizada, every three months, “this undergoes review because of the uniqueness of the TNVS that have churning rates.”
“Meaning may mga di tumutuloy as TNVS,” she said.
All valid and existing certificates of public convenience (CPCs) to operate TNVS and those with pending applications are included in this “common supply base,” the LTFRB said.
The new guidelines will take effect on February 3, 2018.
