Public Transportation Reorganization and Coordination Act: Difference between revisions
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Public Transportation Reorganization and Coordination Act (view source)
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## Monitor fare prices and prevent monopolistic practices.
## Coordinating the maintenance and construction of railways as a shared project between the state and the private rail transport businesses.
# A total of
=== Section 3: Privatization Process ===
# The bus transportation services of the National Motor Vehicle Service (NMVS)
#
# The cost of license shall be determined by the STCA depending on the scale of operations for each private business.
# Issued licenses will need renewal each 5 years or less if said private entity is suspected of violation of national safety and service standards.
# Any projects to build new routes shall be a coordinated project between the private entity and the STCA, as mentioned in 2.6.
=== Section 4: Regulatory Framework ===
# Private companies must adhere to
# Set maximum fare limits
=== Section 5: Financial Framework ===
# Offer tax incentives for private companies investing in green and sustainable transportation technologies such as transportation using only renewable energy and financially supporting research of said technologies reducing the Capital Gains Tax to 15%.
# Offer tax incentives for the following two years in order to promote the private sector entrance to the industry, reducing the Capital Gains Tax and Corporation Tax to any business that forms or enters the transportation industry to 10%.
# Offer tax incentives for private companies
=== Section 6: Monitoring and Evaluation ===
# Develop key performance indicators (KPIs) for
# Private companies involved in the privatization transition are mandated to
# Implement a platform for public feedback and suggestions regularly reviewed by a team of STCA and companies' representatives to improve services.
# Impose penalties for private companies failing to meet regulatory standards, ranging from fines due to small infringements of the standards to revoking licenses for repeated or severe non-compliance.
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=== Section 7: Transition Period ===
# The transition plan for the transfer of services
# Facilitate the transition of public sector employees to private companies where possible. The Transportation Ministry shall offer retraining programs and severance packages for affected employees for the total amount of 6 months.
# Any employees who are unable to establish themselves in the private companies after the severance packages end shall be offered a fitting position to their previous role in the STCA, or if not possible, in the public service where avaliable.
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=== Section 8: Urban Public Transport ===
# Local governments of municipalities and cities are granted the discretion to determine
# It is suggested that local governments conduct public consultations through transparent means to gather input from residents, businesses, and other stakeholders on the
# Local governments must coordinate with the STCA to ensure alignment with the Act if they are to transition to a
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