The lawyer for three bus companies opposed to the sale of the defunct Pantranco North Express Inc.’s franchises described on Friday as “premature and irresponsible” the claim of the shuttered bus firm’s workers that the Court of Appeals had sustained the validity of the contested franchises.
The acronym PPP, more popularly known as public-private partnership, nearly took on an ugly meaning for the Philippines as a foreign consultant tapped to draft the country’s comprehensive PPP policy statement unabashedly came out with a blueprint that was strikingly similar to an existing online resource.
A member of the Land Transportation Franchising and Regulatory Board (LTFRB) has resigned after taking heat for a decision that resurrected nearly 500 “dead” franchises owned by the defunct Pantranco bus company.
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 revival of 489 expired franchises of the long defunct Pantranco bus company was suspended by Transportation and Communications Secretary Mar Roxas on Friday.
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 has awarded nearly 500 bus franchises—formerly owned by the defunct Pantranco North Express Inc.—to the Victory Liner Group, a move that is feared to result in a “monopoly” in Northern and Central Luzon.
