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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=== Section 3: Privatization Process ===
# The bus transportation services of the National Motor Vehicle Service (NMVS) will undergo a process of transition to a Public Private Partnership, sharing ownership, budget, revenue and management by 50% from the public sector with other private entities, each managing its share in one region.
# It will be allowed for private companies to apply for licenses to operate bus, air, and rail services, while ensuring fair competition and equal opportunity for all bidders.
# The cost of license shall be determined by the STCA depending on the scale of operations for each private business.
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