DOTr INKS DEAL WITH LANDBANK

The Department of Transportation (DOTr) and the Land Bank of the Philippines (Land Bank) have signed partnership agreements on six different public transport-related projects.

These projects are the pilot production testing for Automatic Fare Collection Systems (AFCS) on public transport, the North-South Commuter Railway Extension (NSCR-Ex) Appraisal Project, Resettlement Action Plan (RAP) Entitlements Distribution Mechanism, Distribution of Cash Subsidy to operators of Public Utility Vehicles (PUV), Support Package for Environment-friendly and Efficiently-Driven PUV (SPEED PUV) Program, and the Interim Rehabilitation Support to Cushion Unfavorably-affected Enterprises by COVID-19 for Better Urban Services (I-RESCUE BUS) Transport Lending Program.

DOTr Secretary Arthur Tugade said the signing of partnership shows the “tremendous support” coming from Landbank and other partner stakeholders in carrying out several transport initiatives.

“These six programs represent the numerous efforts we have been pushing to improve and enhance the whole public transport system in the country. These six programs also show the multiple ways we innovate things for the comfort and convenience of the riding of the public,” Tugade said.