Government to hike subsidies for PUV modernization

The DOTr will also ask Congress for more funding for the subsidies for public utility vehicle modernization.

MANILA — The government will raise the subsidy for transport operators buying so-called modern jeepneys to P210,000 from P180,000, Transportation Secretary Jaime Bautista said Monday.

He said that the price range for the modern jeepneys is between P1.5 million to P2.5 million, with electric versions costing around P3 million each. A transport group said the P210,000 subsidy is actually small compared to current prices of allowed modernized vehicles.

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