The Land Transportation Franchising and Regulatory Board (LTFRB) on Thursday, Aug. 20, awarded to partners-operators of ride-sharing companies GrabCar and Uber their first provisional authorities (PA) to operate a Transportation Network Vehicle Service (TNVS).
This was after LTFRB approved both GrabCar?s and Uber?s application as a Transport Network Company (TNC) earlier this week.
“LTFRB approves Uber’s application for accreditation as TNC. Uber partners may now file their application for franchise for TNVS,” said LTFRB chairman Winston Ginez on his official Twitter account.
To recall, LTFRB last week gave ride-sharing service companies only until Aug. 20 to file accreditation and secure a franchise. Uber falls under TNVS category.
Vehicles under the TNVS category will be required to install global positioning system (GPS) devices screen. Its drivers will, meanwhile, be required to issue e-receipts, and secure passenger insurances under LTFRB.
Also under the TNVS category, vehicles should not be older than seven years. Only sedans, Asian utility vehicles, sports utility vehicles, vans, or similar vehicles will be allowed. — PNA