IBT reports 6-month straight hike in parking income

For 6 straight months, the City’s Integrated Bus Terminal (IBT) in barangay Divisoria registered a remarkable increase in revenues generated from parking services.

IBT Supervising Transportation Regulation Officer Rafael Derick Evangelista III said the IBT with the support and cooperation of the City Treasurer’s Office (CTO) “has continued its streak in terms of increasing the income generated from the parking area at the arrival section” from June to November 2019.

The parking area is utilized by taxi units as well as private vehicles.

Comparing collections during the same period in 2018, the increase in IBT parking area collection during the last 6 months of 2019 is very remarkable- P152,090 or 59% increase in June; P172,820 or 95% hike in July; P178,370 or 97% in August; P159,845 or 99% for both September; P176,650 or 99% in October and a P166,280 or 103% in November.

The collections in 2018 were as follows: P95,760 in June; P88,660 in July; P90,585 in August; P80,235 in September; P88,965 in October and P81,555 in November.  (Sheila Covarrubias)