15 year licenses for bus companies
12 May, 2018, 3:21 pm
BUS companies are now given 15 year licenses to operate.
This was highlighted by the Acting Prime Minister and the Attorney-General, Aiyaz Sayed- Khaiyum at the Fiji Bus Operators Association’s (FBOA) Annual Convention in Lami today.
Mr Sayed- Khaiyum operators have also been urged to take advantage of a number of initiatives put in place by the Fijian Government to modernize the industry.
Speaking to close to 100 stakeholders of the bus industry Mr Sayed- Khaiyum urged the bus industry to align itself to the evolving world.
“We have also now set by the way of regulations where you can actually sell your licenses without having to refer to the Land Transport Authority. You have the ability to mortgage your licenses where banks can now accept that as secure collateral. You never were able to do that before,” Mr Sayed- Khaiyum said.
The theme for this year’s FBOA’s Annual Conference was “What the bus industry means to Fiji and how to main sustainability”