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SINGAPORE: Only a quarter or 24 per cent of all drivers in Singapore incur daily Electronic Road Pricing (ERP) charges.
Speaking in Parliament on Monday, Transport Minister Raymond Lim said this means the majority, who are not affected, are actually better off with the 15 per cent cut in road tax implemented in conjunction with the ERP changes.
Pointing out that the increase in ERP revenue is estimated at S$70 million against S$110 million from the road tax reduction, Mr Lim said this means a net revenue shortfall of S$40 million for the government.
Mr Lim was responding to questions brought up by Marine Parade GRC MP Lim Biow Chuan and Ang Mo Kio GRC MP Dr Lam Pin Min on the recent ERP hikes, coming at a time of rising living and fuel costs.
They had also asked whether the government would put a freeze on further increases in ERP charges.
The Land Transport Authority will continue to monitor the road traffic conditions closely. - CNA/vm
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