Quebec may buy back taxi permits, sell them to Uber

March 11, 2016 Taxi Truths News, Regulation, Safety Issues, Story

The provincial government is considering buying back taxi permits — and offering them to Uber.

Transport Minister Jacques Daoust said Thursday that he is mulling over the idea as a way to legalize the app-based car service.

He said that details are still being worked out, but one idea is to sell permits outright to Uber, while another would be to rent them to Uber drivers on a day-by-day basis.

The government dictates how many taxis are allowed to operate in each territory, with roughly 4,500 taxis allowed on the road in Montreal.

The government has not issued new permits in years, but they are often sold by drivers who leave the industry, or as a way to finance retirement. One permit in Montreal is being sold for $150,000, while an owner in St. Donat is selling two permits at $10,000 each.

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Source: CTV News

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