Public Utility Vehicle Modernization Program | Wikipedia audio article

Описание: This is an audio version of the Wikipedia Article:
Public Utility Vehicle Modernization Program

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SUMMARY
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The Public Utility Vehicle Modernization Program (PUVMP) was launched by the Department of Transportation of the Philippines in 2017, with the goal of making the country's public transportation system efficient and environmentally friendly by 2020. The program calls for the phasing-out jeepneys, buses and other Public Utility Vehicles (PUVs) that are at least 15 years old and replacing them with safer, more comfortable and more environmentally-friendly alternatives over the next three years. Currently, there are 180,000 jeepney units operating throughout the country.Replacement vehicles are required to have at least a Euro 4-compliant engine or an electric engine to lessen pollution. Some proposed requirements include CCTV cameras, Panta Transportation Payment Terminal, speed limiters and GPS monitors.The Land Bank of the Philippines estimates that each jeepney replacement will cost around ₱1.4 million to ₱1.6 million. However, based on an interest rate of 6% per annum and a payment period of 7 years, the actual cost of a jeepney reaches ₱2.1 million.Some transport groups have criticized the program as "anti-poor". These groups have pointed out that under the program, most drivers and small-time operators would be unable to afford replacement units and corporate entities would seek to monopolize the market and impose fare hikes on commuters.