Franchises owned by defunct Pantranco bus company were already officially expired and should never have been “resurrected” by the Land Transportation Franchising and Regulatory Board (LTFRB).
The government has deferred its confirmation of the validity of the sale of close to 500 former Pantranco bus company franchises to the Victory Liner group following opposition from rival bus firms.
The government is planning a drastic change in the way it awards franchises to bus and jeepney operators, aiming to ensure that the number of vehicles in an area does not exceed demand.
