Likewise, it was detailed that these assistances “will be transferred to the beneficiary provincial and/or municipal jurisdiction, so that it transfers the funds directly to the companies that provide provincial and municipal services.”, within “two business days, counted from the accreditation” in their accounts.
For their part, the jurisdictions must continue to contribute to the system, either to the companies providing the services or, as the case may be, to the municipality that would have required it by reliable means, “at least an amount that maintains the proportion that it would have been verified by the contributions corresponding to the year 2021″, seeking “the sustainability of the passenger automotive transport services involved.”
In the considerations of this Resolution, The Government indicated that in January, February and March of this year it already delivered $3,200,000,000 per month to companies in the sector as subsidies from the Compensation Fund, while in April, May and June the amounts were up to $3,500 ,000,000.
The money in question is for the Compensation Fund – economic assistance for passenger transport – an extraordinary accompaniment carried out by the national government to the provinces that are responsible for sustaining the public transport system since 2018.
The last increase was last May in the midst of the bid for the equitable distribution of national transport subsidies, which greatly benefited the AMBA. There, the Ministry of Transportation made official an increase of 300 million pesos per month for the second quarter of this year, totaling an increase of $10,500 million.
Source: Ambito
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