Public Transportation Reorganization and Coordination Act: Difference between revisions
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# 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. |
# 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. |
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# 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. |
# It will be allowed for private companies to apply for licenses to operate bus, air, and rail services in all current and future public routes, while ensuring fair competition and equal opportunity for all bidders. |
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# The cost of license shall be determined by the STCA depending on the scale of operations for each private business. |
# The cost of license shall be determined by the STCA depending on the scale of operations for each private business. |
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# Issued licenses will need renewal each 5 years or less if said private entity is suspected of violation of national safety and service standards. |
# Issued licenses will need renewal each 5 years or less if said private entity is suspected of violation of national safety and service standards. |
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# Private companies must adhere to national safety standards for all transportation services determined by the Ministry of Transportation. Surprise regular inspections and audits by the STCA shall be done so the standards are followed thoroughly in order to provide a safe service. |
# Private companies must adhere to national safety standards for all transportation services determined by the Ministry of Transportation. Surprise regular inspections and audits by the STCA shall be done so the standards are followed thoroughly in order to provide a safe service. |
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# Set maximum fare limits decided between the STCA and private entities |
# Set maximum fare limits decided between the STCA and private entities for main essential routes to ensure affordability for the public. Allow for periodic fare adjustments based on inflation and operational costs, subject to both parties' aproval. |
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=== Section 5: Financial Framework === |
=== Section 5: Financial Framework === |
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# 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 |
# 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 10%. |
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# 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 |
# Offer tax incentives for the following two years in order to promote the private sector entrance to the industry, reducing the Capital Gains Tax to 10% and Corporate Tax to 5% to any business that forms or enters the transportation industry. |
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# Offer tax incentives for private companies who support research projects on new transportation technology reducing the Capital Gains Tax to |
# Offer tax incentives for private companies who support research projects on new transportation technology reducing the Capital Gains Tax to 10%. |
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=== Section 6: Monitoring and Evaluation === |
=== Section 6: Monitoring and Evaluation === |
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