EJEEP

Make financing easy for transport sector

October 3, 2023 Jester P. Manalastas 324 views

MAKE it simple.:

This is the call of AGRI Party-list Representative Wilbert Lee to the banks and government institutions in processing the loans of transport cooperatives and corporations in purchasing modern jeepneys.

Lee said the government should not make life more difficult for struggling public utility vehicle (PUV) drivers and operators who want to participate in the government’s PUV modernization program.

The solon urged the Land Bank of the Philippines (LBP), the Development Bank of the Philippines (DBP), and other government financial institutions to simplify and streamline the overwhelming loan requirements.

In the plenary deliberations on the proposed 2024 budget of the Department of Transportation (DOTr), Lee lamented the cumbersome documents and papers required by government banks to provide loans or assistance to transport cooperatives.

“The government must not burden the PUV drivers and operators in accessing loans to buy modern jeepneys.

“Let us liberalize and simplify these requirements. Marami na ngang na-comply na requirements na hiningi ang LTFRB (Land Transportation Franchising and Regulatory Board) at LTO (Land Transportation Office), kilo-kilometro pa rin ang dami ng hinihingi ng Land Bank o DBP na mahirap kumpletuhin,” Lee stressed.

Lee asked the LTFRB to work hand-in-hand with his office to compel the Land Bank, DBP and other government financial institutions to expedite the process of providing loans for modern jeepneys, to which the latter committed to him and other House Members.

According to the Bicolano lawmaker: “Maging makatotohanan po tayo dito. Napakahirap na nga po ng buhay ng ating mga tsuper at operator dahil sa walang prenong pagtaas ng presyo ng gasolina at ng mga bilihin, dadagdagan pa natin ang sakit ng ulo nila sa mahahaba at komplikadong proseso ng pag-apply ng loan.”

Lee said a jeepney driver or operator who earns about P500 to P750 a day cannot afford to buy a modern jeepney worth more than P2 million.

“We must keep in mind that the transport sector is not only a public service but most importantly, a source of livelihood. Napakarami po nating kababayan ang umaasa sa kabuhayang ito na kasa-kasama nila sa pagtataguyod ng pamilya at pagpapaaral ng mga anak hanggang sila ay maka-graduate,” Lee said.

The legislator pointed out: “Hindi natin sila masisisi na talagang mangamba na baka mawala ang kanilang pinagkakakitaan, at wala na silang maipantustos sa pangangailangan ng pamilya, lalong-lalo na—huwag naman sana—kung sila ay magkasakit o ma-ospital.”

Aside from streamlining the requirements for said loan, Lee also pushed for allocating P1.8 billion for the PUV modernization program which got zero funding for 2024.