That’s more than half the number
The Land Land Transportation Franchising and Regulatory Board is decreasing the number of Transport Network Vehicles from 125,000 to just 45,000.
That’s the aim of their Memorandum Circular No. 2018-03 released Thursday, January 18. Both Uber and Grab will have to share the 45,000 total allowed TNVs on the road. Currently Uber has around 70,000 units, while Grab has 55,000.
LTFRB Aileen Lizada clarified that around 45 to 50 percent of the registered units are dual citizens, or vehicles that switch between Grab and Uber.
The memorandum takes effect on Feb. 3.
“The numbers we arrived at were based on the data given to us by both TNCs, considering yung dual citizenship, part time, full time, number of bookings, as well as yung mga churning rate,” Lizada said.
“We have steered away from the exclusivity ng mga TNVS. So if you are granted a franchise of a TNVS, pwede ho kaying magpa-accredit sa lahat,” Lizada added.