Business World

The traffic problem: still no solution in sight

- EDWIN V. FERNANDEZ

The solution is devilishly obvious: reduce the number of vehicles on the road. This can be accomplish­ed by a twofold program: tighten the requiremen­ts for new and used ( imported) vehicle purchases and cull or retire old and dilapidate­d vehicles from the streets. Everything that moves on wheels and motor power (such as tricycles and kuligligs) should be registered and laced with restrictio­ns. For example, tricycles and kuligligs should be banned from using major thoroughfa­res. Secondly, new purchases should be tightly controlled perhaps through the taxation mechanism and added requiremen­ts that purchased cars should come with a garage or similar arrangemen­t.

As it is now, adjusting for inflation, cars are cheaper than they were 15 years ago. Not only that, bank and other financing is readily available at affordable interest rates to acquire cars. Add to that the influx of Chinese-made vehicles that are virtually of limited use and throwaway types as they do not possess extensive parts and service networks. These are available at ridiculous­ly low prices that feed on the hunger of Filipinos for cars, no matter the durability of maintenanc­e consequenc­es.

The retiring of old vehicles should also follow a strict regimen. It is extremely ridiculous to see school bus and taxi and jeepney units that are 10 years old and over ( some school buses used to ferry children were actually 15 years old) with the owners protesting their retirement not minding the safety and utility of the vehicles which presumably are gas- guzzlers. While mandatory retirement may not be observed, the DoTC/ LTO should conduct stringent safety and maintenanc­e checks for these old vehicles if the owner wishes to retain them. Among those affected will be vintage car collectors.

The traffic problem wastes hundreds of millions of pesos a day nationwide in terms of wasted fuel, lost manhours and health problems associated with pollution. These billions of pesos could be translated into new hospitals, classrooms and better roads and transporta­tion related facilities.

The Filipino is by nature a griper. Complaints and nasty comments arose when the EDSA LRT line was first started. Today, it moves people packed like sardines to their destinatio­ns, with passengers sometimes waiting for closer to hours to get a ride in the morning and during the afternoon rush hour.

What is required to resolve the problem is intelligen­ce and the political will to act on the solutions which are staring at the authoritie­s in the face. The vehicle purchase restrictio­n program will raise a howl among the various car manufactur­ers and dealers. But the answer to these industry complaints is simple: the combined sales and employment of the car industry will NEVER make up for the massive losses incurred nationally by the traffic problem.

In the meantime that a solution is nowhere in sight, we must plod through the 11:30 p.m. traffic along EDSA coming home from a movie, arriving home more tired than relaxed.

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 ?? EDWIN V. FERNANDEZ is a trustee of the FINEX Research and Developmen­t Foundation and a past president of the Financial Executives Institute of the Philippine­s. ??
EDWIN V. FERNANDEZ is a trustee of the FINEX Research and Developmen­t Foundation and a past president of the Financial Executives Institute of the Philippine­s.

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