National government allocates $6,000 million for public transportation in the interior

National government allocates ,000 million for public transportation in the interior

November 16, 2023 – 09:04

This fund aims to compensate the provinces and municipalities in the interior of the countrys for the costs of public passenger transport servicesin order to guarantee its accessibility and sustainability.

Through the Resolution 608/2023 of the Ministry of Transportationpublished this Thursday in the Official Gazette, a reinforcement to the Public Transport Compensation Fund of passengers by urban and suburban automobile in the interior of the country.

This fund aims to compensate the provinces and municipalities in the interior of the countrys for the costs of public passenger transport servicesin order to guarantee its accessibility and sustainability.

The reinforcement approved by The resolution amounts to a total of $6,000 millionand will be distributed as follows:

  • $1,000 million for the month of October
  • $2.5 billion for the month of November
  • $2.5 billion for the month of December

Requirements for the provinces

The funds will be transferred to the provinces and municipalities that sign an addendum to the current agreement with the Ministry of Transportation. This addendum must include information about companies providing public transport serviceskilometers traveled and operating costs.

The provinces and municipalities must, in turn, contribute to the urban and suburban passenger transportation system by automobileeither through transfers, in money and/or in kind, to the companies providing the services.

The expense required for the implementation of the resolution will be attended to through the Trust created by virtue of article 12 of Decree No. 976/01.

The resolution of the Ministry of Transportation aims to:

  • Ensure the accessibility and sustainability of public passenger transportation in the interior of the country.
  • Increase the amount of the Public Transportation Compensation Fund.
  • Encourage provinces and municipalities to contribute to the passenger transportation system.

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts