• About Us
    • Fact Checking Policy
    • Ownership & funding information
    • Volunteer
  • Subscribe
  • Letter submission
    • Submissions Policy
  • Contact Us
The Online Citizen Asia
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Letters
    • Comments
  • Current Affairs
    • Singapore
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Arts & Culture
    • Consumer Watch
    • NGO
    • Lifestyle
    • Travel
  • Politics
    • Civil Society
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
No Result
View All Result
The Online Citizen Asia
No Result
View All Result

Lam Pin Min: Zero growth for car and motorcycle population will not significantly affect COE prices

by Neyla Zannia
06/11/2017
in Parliament
Reading Time: 3 mins read
0

Senior Minister of State for Transport Lam Pin Min told Parliament on Monday (6 November) that the plan to curb the growth rate of the car and motorcycle populations to zero will not significantly affect Certificate of Entitlement (COE) prices and supply.

Land Transport Authority (LTA) had announced earlier on 23 October that in view of Singapore’s land constraints and its commitment to continually improve Singapore’s public transport system, it will lower the vehicle growth rate from the current 0.25 percent per annum to 0 percent with effect from February 2018 for COE Categories A, B and D.

The Minister stated that COE quota is calculated based on factors such as the number of vehicles that are scrapped, and adjustments to account for past over-projections, among other considerations, in addition with the allowable vehicle growth rate.

Responding to the question filed by Mr Saktiandi Supaat, Member of Parliament (MP) for Bishan-Toa Payoh GRC, who asked about the impact of the move to reduce growth rate to zero, including whether the public transport system can handle the increased passenger load, Dr Lam answered that the quota, which is revised on a quarterly basis, is largely determined by the number of vehicles that are scrapped or de-registered.

He stated that the Government has made heavy investments to improve bus and train services and will continue to do so.

Dr Lam said that there will be less need to own a car since the rail network has been expanded by almost 30 per cent to 230 kilometres over the last five years, which means that 8 in 10 households will be within a 10-minute walk to a train station by 2030, adding that the fleet size for existing MRT lines has also increased by close to 50 per cent.

He also stated that there are eighty new bus routes and 1,000 new buses will be added to the roads by the end of this year through the Bus Service Enhancement Programme which started in 2012 and subsequently the Bus Contracting Model, which took effect last year (2016).

Tampines GRC MP Desmond Choo also asked how the Government will ensure that the changes in the vehicle population growth rates does not adversely impact e-commerce businesses.

Dr Lam stated the Government has maintained the existing 0.25 per cent growth rate for commercial vehicles which will last till the first quarter of 2021, saying, “This is to provide businesses with more time to improve the efficiency of their operations.”

Dr Lam also said that an urban logistics taskforce comprising of members from various agencies was convened last year to develop a more efficient logistics system in Singapore.

One such project is the development of a “federated locker network” to improve the distribution of goods from businesses to end consumers, adding that the Government is also mulling other innovative ideas, including the deployment of drones.

Mr Choo also asked if the ministry will consider a separate COE category for commercial motorcycles.

Responding to this, Dr Lam said that the current COE system sets aside Category D as a separate category for motorcycles so that motorcycle buyers need not compete with other vehicle buyers for COEs, saying, “Splitting Category D further would result in a smaller quota in each sub-category, which may lead to more volatility in prices.”

 

For just US$7.50 a month, sign up as a subscriber on The Online Citizen Asia (and enjoy ads-free experience on our site) to support our mission to transform TOC into an alternative mainstream press.

Related Posts

Sixteen killed in China highway pile-up
AFP

Sixteen killed in China highway pile-up

05/02/2023
Labour

Are IT jobs in Singapore flooded by foreigners?

05/02/2023
Nine missing after fishing boat capsizes in South Korea
AFP

Nine missing after fishing boat capsizes in South Korea

05/02/2023
Piercings and prayer: Malaysian Hindus celebrate Thaipusam
AFP

Piercings and prayer: Malaysian Hindus celebrate Thaipusam

05/02/2023
Grab SG appoints PAP MP Tin Peiling as director of public affairs and policy
Politics

Netizens question Tin Pei Ling’s conflict of interest as Grab’s director of Public Affairs and Member of Parliament

05/02/2023
Why is Gautam Adani’s Indian empire in turmoil?
AFP

Indian regulator reassures investors after Adani rout

05/02/2023
Subscribe
Connect withD
Login
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
Notify of
Connect withD
I allow to create an account
When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. We also get your email address to automatically create an account for you in our website. Once your account is created, you'll be logged-in to this account.
DisagreeAgree
0 Comments
Inline Feedbacks
View all comments

Latest posts

Sixteen killed in China highway pile-up

Sixteen killed in China highway pile-up

05/02/2023

Are IT jobs in Singapore flooded by foreigners?

05/02/2023
Nine missing after fishing boat capsizes in South Korea

Nine missing after fishing boat capsizes in South Korea

05/02/2023
Piercings and prayer: Malaysian Hindus celebrate Thaipusam

Piercings and prayer: Malaysian Hindus celebrate Thaipusam

05/02/2023
Grab SG appoints PAP MP Tin Peiling as director of public affairs and policy

Netizens question Tin Pei Ling’s conflict of interest as Grab’s director of Public Affairs and Member of Parliament

05/02/2023
Why is Gautam Adani’s Indian empire in turmoil?

Indian regulator reassures investors after Adani rout

05/02/2023
Cognizant India transfers staff to work in Singapore as recently as this year

Local IT grads can’t find jobs while engineers constantly transferred from India to work in SG under CECA

05/02/2023
Family of student killed in accident involving retired police officer, calls for transparency from Indonesian police

Family of student killed in accident involving retired police officer, calls for transparency from Indonesian police

04/02/2023

Trending posts

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

Former Singaporean shares change of life in Australia with annual pay of S$80,000 as a plumber

by Yee Loon
30/01/2023
25

...

They have done a fine job of confusing us about the jobs situation

They have done a fine job of confusing us about the jobs situation

by Augustine Low
01/02/2023
47

...

Adani’s brother runs SG company and registers as director with local ID

Adani’s brother runs SG company and registers as director with local ID

by Correspondent
03/02/2023
26

...

Cognizant India transfers staff to work in Singapore as recently as this year

Local IT grads can’t find jobs while engineers constantly transferred from India to work in SG under CECA

by Correspondent
05/02/2023
40

...

Excessively charging for an essential need, and calling it affordable because people still can pay for it?

by Terry Xu
31/01/2023
40

...

Singapore Law Watch removes commentary on CPIB’s decision to not prosecute former Keppel executives

Singapore Law Watch removes commentary on CPIB’s decision to not prosecute former Keppel executives

by The Online Citizen
02/02/2023
19

...

November 2017
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
27282930  
« Oct   Dec »

The Online Citizen is a regional online publication based in Taiwan and formerly Singapore’s longest-running independent online media platform.

Navigation

  • Editorial
  • Commentaries
  • Opinion
  • Politics
  • Community

Support

  • Contact Us
  • Letter submission
  • Membership subscription

Follow Us

  • Facebook
  • Twitter
  • YouTube
  • Instagram
  • Fact Checking Policy
  • Privacy Policy

© 2022 - 2023 The Online Citizen Asia

No Result
View All Result
  • Opinion
    • Editorial
    • Commentaries
    • Comments
  • Current Affairs
    • Malaysia
    • Indonesia
    • China
    • ASEAN
    • Asia
    • International
  • Finance
    • Economics
    • Labour
    • Property
    • Business
  • Community
    • Civil Society
    • Arts & Culture
    • Consumer Watch
    • NGO
  • Politics
    • Parliament
    • Transport
    • Education
    • Environment
    • Health
    • Housing
  • Law & Order
    • Legislation
    • Court Cases
  • Lifestyle
    • Travel
  • Subscribers login

© 2022 - 2023 The Online Citizen Asia

wpDiscuz