No order to stop P2P bus system in metro – LTFRB

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The Land Transportation Franchising and Regulatory Board (LTFRB) clarified yesterday that it did not order the cessation of services of a point-to-point (P2P) bus system in Metro Manila.

According to the LTFRB, Froehlich Tours, Inc. which plied the SM North EDSA-SM Megamall and Trinoma-Park Square routes, was one of the first to be awarded with P2P routes in 2016.

According to MAN, FTI initially acquired 17 bus units amounting to a total of P185.7 million from them. While these allegations are still under investigation by the Board, LTFRB added that an inspection of the FTI bus units revealed that the company’s provisional authority, which allowed them to run and function as a public service provider, has already expired and no renewal was filed.

 

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