- POSTED: 16 Sep 2013 19:19
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A total of 101 commercial vehicles have been replaced under the Early Turnover Scheme as of last month.
SINGAPORE: A total of 101 commercial vehicles have been replaced under the Early Turnover Scheme as of last month.
The scheme encourages early replacement of old diesel commercial vehicles with models that comply with at least Euro V diesel standards.
This was announced by Transport Minister Lui Tuck Yew in Parliament on Monday.
In August alone, some 50 of the vehicles were replaced, compared to about the same number in the first three months of the scheme.
Also, under a Budget 2013 initiative allowing commercial vehicle owners to renew their Category 'C' Certificates of Entitlement (COE) for a further five years, about 96 per cent of renewals under the category have been for five years.
This is compared to 57 per cent prior to the policy change.
Going forward, Mr Lui said his ministry will review the Category 'C' COEs.
"Today, we have the light goods vehicles, the heavy goods vehicles and the very heavy goods vehicles all lumped into the same category. There is some concern that we may be disadvantaging some of the lighter good vehicles in this regard," he said.