You are here: Home » International » News » Others
Business Standard

Singapore to halt car population growth from next year

Land Transport Authority said it was cutting permissible vehicle growth rate in city-state to 0% from the current 0.25% per annum

Reuters  |  Singapore 

Singapore to halt car population growth from next year SINGAPORE-AUTOS FILE PHOTO - People look at cars on display at a mall in Singapore FILE PHOTO - People look at cars on display at a mall in Singapore. Photo: Reuters
Singapore to halt car population growth from next year SINGAPORE-AUTOS FILE PHOTO - People look at cars on display at a mall in Singapore FILE PHOTO - People look at cars on display at a mall in Singapore. Photo: Reuters

Singapore, one of the world's most expensive places to own a vehicle, will not allow any growth in its car population from February, citing the small city-state's land scarcity and billions of dollars in planned public transport investments.

The (LTA) 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 rate will be reviewed in 2020.

tightly controls its vehicle population by setting an annual growth rate and through a system of bidding for the right to own and use a vehicle for a limited number of years. It is one of the most densely populated nations on the planet and already has an extensive public transport system.

Currently, 12 percent of Singapore's total land area is taken up by roads, the LTA said. "In view of land constraints and competing needs, there is limited scope for further expansion of the road network," it said.

Singapore, whose total population has risen nearly 40 percent since 2000 to about 5.6 million now, counted more than 600,000 private and rental cars on its roads as of last year. These include cars used by drivers that work with ride-hailing services such as Grab and Uber, which are becoming increasingly popular.

A mid-range car in can typically cost four times the price in the

has expanded its rail network length by 30 percent and has added new routes and capacity in its bus network. The government will continue to invest S$20 billion ($14.7 billion) in new rail infrastructure, S$4 billion to renew, upgrade and expand rail operating assets, and another S$4 billion in bus contracting subsidies over the next five years, the LTA said.

The LTA will keep the growth rate for goods vehicles and buses at 0.25 per cent until the first quarter of 2021.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Mon, October 23 2017. 19:16 IST
RECOMMENDED FOR YOU