Decree 580 of 2014 - by which measures are directed towards the consolidation public transport through the Integrated Public Transport System of Bogotá D.C, i by integrating informal collective public transport to mass transportation
This decree adopts measures that aim to improve the conditions of the transportation service provision and to decrease the implementation cost of the SITP. One of those measures is the creation of a special destination account whose funds will be used to accelerate the process of disintegration of vehicles previously used for public collective transportation. The owners of such vehicles are to transfer the economic rights of such vehicles to Bogota, in exchange for monetary consideration.
Related Information: