Taxi drivers in Quebec will quickly be eligible for monetary compensation for losses suffered on account of ride-sharing providers like Uber.

Almost $250 million has been allotted to the taxi trade within the province’s annual funds. Particular person drivers could obtain as much as $45,000, relying on the area the place the driving force operates. Taxi drivers in good standing as of final March 27 will obtain at the very least $1,000.

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City areas have seen the worth of permits plummet over suburbs and outlying areas, so allow holders in Montreal, for instance, are prone to obtain the utmost quantity.

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“We expect it’s very throughout the realm of public coverage for the federal government, for the state to compensate the lack of that worth as the federal government would do with every other trade,” Finance Minister Carlos Leitao instructed CTV Information.

The province estimates there are 7,600 taxi licences in Quebec and that greater than 4,500 will obtain the utmost compensation.

It is value noting that the compensation quantities to a fraction of what many drivers have misplaced — some cab drivers have paid $200,000 for permits that at the moment are value roughly $75,000.

The province says the cash is a part of a monetary help program and never a part of an settlement with the trade itself. Drivers will obtain their cheques within the coming weeks, based on Leitao, and a second spherical of compensation isn’t out of the query.

This is not the primary time the Quebec authorities has demonstrated dedication to taxi drivers.

Final yr it allotted $44 million for taxi drivers to modernize their companies with up-to-date expertise, entry to electrical automobiles and improved accessibility for patrons with disabilities. This system was initially financed by Uber’s charges paid to the Land Transport Community Fund.

Extra from HuffPost Canada:

“The implementation of those measures demonstrates that we’re listening to the wants of the taxi trade. At present, we reiterate our dedication to this trade to supply the mandatory assist to proceed its modernization and place itself within the new 21st century Quebec,” André Fortin, Minister of Transport, Sustainable Mobility and Transportation Electrification, instructed reporters on the announcement in December 2017.

To this point, Quebec is the one province in Canada compensating its taxi trade.

With recordsdata from The Canadian Press



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