Effective Date and Implementation
- The phase-out policy takes effect starting January 1, 1995.
- The LTFRB is mandated to enforce this directive.
Key Restriction on Taxi Units
- No new applications for franchises can be granted for taxi units that will be 10 or more years old at the time of the expiration of the Certificate of Public Convenience (CPC).
- This restriction similarly applies to:
- Extensions of validity of CPCs
- Approvals of sale and transfer of taxi units
- Substitution of units
- Increases in the authorized number of taxi units
Impact on Franchise Transactions
- Taxi units reaching the 10-year age limit by the expiration of their CPC are barred from being approved for:
- New franchise applications
- Extensions
- Sale or transfer approvals
- Substitutions
- Increase applications
Amendment to Previous Orders
- This Department Order supersedes and modifies any previous issuances that conflict with its provisions regarding the phase-out of old taxi units.
Publication and Notification Duties
- The LTFRB is ordered to immediately publish this Department Order.
- The publication is intended to guide and prepare all taxi operators for compliance with the new phase-out regulations.