The government of Singapore, one of the densest countries in the world, has announced that the number of private cars on its roads will be frozen next year, even as the number of vehicles used for public transit are expected to increase. The rate of growth for all passenger cars and motorcycles will be decreased from the current 0.25 percent per year to effectively zero percent starting in February 2018. In going forward with this move, Singapore, one of the wealthiest countries in Asia, is building on its past successes related to its vehicle growth caps, such as its prevention of monstrous traffic jams that plague other cities in the region.
Singapore is already one of the most expensive places to purchase a personal vehicle in part because of a requirement that vehicle owners acquire a “certificate of entitlement,” which is valid for only 10 years and has an average price tag of US$37,000. Even a relatively standard sedan can cost up to four times as much as it would cost in the United States. For this reason, there are only around 600,000 private cars in Singapore, which has a population of over 5.5 million people.
In making the growth cap announcement, the Land Transport Authority (LTA) stated that more than 12 percent of Singapore’s land area (only 277.6 square miles) is already taken up by roads and there is very little room left for the expansion of private vehicle ownership. To compensate for the decrease in private vehicles on the road, the Singapore government will invest Sg$28 billion over the next five years to develop and improve its public transit system. This includes Singapore’s metro rail, which, like many rapid rail systems in major cities, has been suffering from significant delays.
Via The Guardian