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Cagayan de Oro transport group at crossroads amid franchise consolidation deadline

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Cagayan De Oro City News

LTFRB,Northern Mindanao,Public Transportation

Amid mounting frustration, several Cagayan de Oro public utility vehicle operators find themselves contemplating the sale of their jeepneys or repurposing the vehicles

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Amid mounting frustration and accusations of regulatory apathy, the prospect of being left behind in the wake of consolidation efforts He also criticized the alleged lack of financial transparency, noting the absence of some of the cooperatives’ financial reports. In addition to management issues, Gabatan noted that unconsolidated operators struggle to meet the capitalization requirement of some P50,000, a prerequisite for joining a cooperative or corporation.

But Pelosas denied claims of delayed action by the CDA, saying these were being handled within the prescribed time frame mandated by the Civil Service Commission .

 

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