Certificate of Entitlement (COE): The Singapore Land Transport Authority fixes the quota of vehicles each year for bidding. The bidder has to pay for a 10-year COE, which is expensive
Taxes: Imported motor vehicles pay customs duty of 41 per cent. Registration fee is US $1,000 for private vehicles and US $5,000 for company vehicles. Road taxes are renewed periodically to encourage low-emissions vehicles. Taxes on cars increase 10th year onwards, 110 per cent in the 11th year to a maximum of 150 per cent of the market value of cars
Road pricing: Singapore operated a manually controlled road pricing scheme from 1975-98. Motorists paid for entry into a central restricted zone
Electronic road pricing: Introduced in 1998. Overhead gantries deduct the charges from a smart card onboard. Enforcement cameras assess fines in case of violation. Motorcycles, heavy vehicles added. Operating costs are 10 per cent or less of the revenue collected through the system
The points are well put lucid and clear. We all talk about the drought and effects in the part of our country but what is...
Actually, the vessel continued to operate as an oil tanker until 2008, when converted to a dry bulk carrier. Still, a...