Higher loan subsidy for vehicle purchase good, but tight streets still killing income

SunStar Publishing Inc.

THE Department of Transportation has approved an additional equity subsidy for consolidated public utility vehicle operators operating modern jeepneys. But while Cebu operators welcomed the subsidy, they said congestion on the streets will continue to make meeting their daily expenses difficult.

Federation of Cebu Transport Cooperatives president Ellen Maghanoy told SunStar Cebu Friday, October 13, that the subsidy is good news because it will help with the monthly payments on the the bank loans for the purchase of the modern vehicle units.“Lipay kaayo ana mga operator. Dili magdungan atong kalabad sa atong ulo ba nga unsa na sad atong ipang additional na ibayad sa monthly amortization,” said Maghanoy.Without citing the class of vehicle, Maghanoy said a modern jeepney cost P2.

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sunstaronline /  🏆 18. in PH

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