Singapore will hamper the growth of private vehicles from February 2018 due to land scarcity and billions of dollar worth of planned public transport investment. (Source: Reuters) Hanoi (VNA) – Singapore will hamper the growth of private vehicles from February 2018due to land scarcity and billions of dollar worth of planned public transportinvestment.
The Land Transport Authority (LTA) said it will cut the private vehicle growthrate in the country to 0 percent next year to the current 0.25 percent perannum. The rate will be reviewed in 2020.
Meanwhile, the LTA will keep growth rate for goods vehicles and busses at 0.25percent until end of the first quarter of 2021.
The country tightly controls its vehicles by setting an annual growth rate andthrough the Certificate of Entitlement (CoE), which offers the right to vehicleownership and use for a limited number of years.
Singapore, whose total population has risen nearly 40 percent since 2000 toabout 5.6 million now, counted more than 600,000 private and rental cars on itsroads last year.
Currently, 12percent of Singapore's total land area is taken up by roads. It is one of themost densely populated nations on the planet and already has an extensivepublic transport system. A mid-range car in Singapore can typically cost fourtimes the price in the US.
Singapore has expanded its rail network by 30 percent and has added new bus routes.The government will continue to invest 20 billion SGD (14.7 billion USD) in newrail infrastructure, 4 billion SGD in upgrading and expanding existing railsystems, and another 4 billion SGD in bus subsidies in the next five years.-VNA
The Land Transport Authority (LTA) said it will cut the private vehicle growthrate in the country to 0 percent next year to the current 0.25 percent perannum. The rate will be reviewed in 2020.
Meanwhile, the LTA will keep growth rate for goods vehicles and busses at 0.25percent until end of the first quarter of 2021.
The country tightly controls its vehicles by setting an annual growth rate andthrough the Certificate of Entitlement (CoE), which offers the right to vehicleownership and use for a limited number of years.
Singapore, whose total population has risen nearly 40 percent since 2000 toabout 5.6 million now, counted more than 600,000 private and rental cars on itsroads last year.
Currently, 12percent of Singapore's total land area is taken up by roads. It is one of themost densely populated nations on the planet and already has an extensivepublic transport system. A mid-range car in Singapore can typically cost fourtimes the price in the US.
Singapore has expanded its rail network by 30 percent and has added new bus routes.The government will continue to invest 20 billion SGD (14.7 billion USD) in newrail infrastructure, 4 billion SGD in upgrading and expanding existing railsystems, and another 4 billion SGD in bus subsidies in the next five years.-VNA
VNA
