Singapore to stop vehicle population growth from Feb 2018
25 October, 2017, 00:44 | Author: Pamela Mathis
Singapore is banning additional cars on its roads starting next February in an effort to curb over-congestion in the tiny city-state.
Those wanting to buy a vehicle must purchase a "certificate of entitlement". A limited number are made available via auction annually.
"The adjustments to the vehicle growth rate are not expected to significantly affect the supply of COEs, as the COE quota is determined largely by the number of vehicle deregistrations".
Singapore is a city of 5.6 million people packed into an area smaller than New York City.
Making this announcement, Land Transport Authority (LTA) of Singapore said it was cutting the permissible vehicle growth rate in the city-state to 0 percent from the current 0.25 percent per annum for cars and motorcycles.
The new freeze on vehicle numbers won't apply to trucks and buses for the time being.
LTA said on Monday that 12% of Singapore's 277 sq.m land area was taken up by roads resulting in limited room for expansion.
A cert allows a auto to be driven on Singapore's roads for 10 years.
LTA did leave the growth rate for Category C (goods vehicles and buses) at 0.25%. A big reason for the decline in overall cars is that Singapore began phasing out a scheme for "off-peak cars"-cars that can be driven on evenings and weekends, but not during rush hour-in 2010".
Government statistics show the number of private vehicles fell from 540,063 in 2013 to 504,160 in 2016. Even a relatively standard sedan can cost up to four times as much as it would cost in the United States.
Instead, Singapore is focusing on public transit-S$20 billion ($14.7 billion) for new railway infrastructure and $2.9 billion on upgrading existing train lines, as well as another $2.9 billion on bus contract subsidies over the next five years, according to LTA. And just to be clear, that doesn't include the cost of the vehicle itself-that's just the permit.
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