The delayed suffer classical now stands at 12.9 per cent, along from 15.6 per share before this year’s review.
He claimed that Singapore needs to take strict measures to reduce the delayed particle.
The debt are present, and I believe we should acknowledge that we do need to progressively close the gap, but we must do so in a way that doesn’t have an impact on the cost.
NO NEED TO TIGHTEN CAR People
For private transport, Mr Chee said he is confident of the decision to inject 20, 000 new Certificates of Entitlement ( COEs ), which will begin from February 2025.
He pointed to the shift in consumption habits since the COVID-19 crisis and the implementation of ERP 2.0, which will allow the use of “virtual gantries” to maintain traffic.
” The trouble with cars is not so much equity, but consumption, especially during peak time”, he said. ” If persons own the car, but they don’t pull it all at the same time during peak periods and there’s no congestion, truly that itself is not a problem”.
When asked if car owners could be persuaded to leave their vehicles, Mr. Chee claimed that some Upper Thomson people prefer to take the Thomson-East Coast Line station to Orchard once the line has opened.
They claim that taking the MRT is basically quicker, more convenient, and less expensive than driving because parking is already more expensive than the MRT charges.
When more residences are within walking distance of MRT facilities, yet car owners may be encouraged to take public transportation, he said.
ADDRESSING HOT-BUTTON ISSUES
In the wide-ranging discussion, Mr Chee even fielded questions on ERP 2.0, COE, Singapore’s interface and private-hire cars.
He claimed that Singapore is studying distance-based charging for ERP 2.0 and is considering various designs. Location and time must also be taken into account.  ,
This is a significant legislation that affects various groups of partners. We want to get careful”, he said. ” It can change lives, it can affect different groups of road users. I believe it is wise for us to be careful and cautious before making any changes.
On COEs, he said he hopes that rates will stabilise, but that the state is only power source and no need.
With the cut-and-fill method and the treatment of 20, 000 fresh COEs, the government hopes to decrease the difference between the top and basin in source, he said.
There is a cap on how much can be cut from decades with higher offer, according to Mr. Chee, and the government are wary not to “overdo” the cut-and-fill process. If no, there may not be adequate supply in peak times.
The 20, 000 new Offerings give the option of increasing offer in the basin times, without cutting from the top, he added.
On the other hand, some of the COEs can be slowed down until the top has passed, even though Mr. Chee said that does not seem possible if not so much source is required during the peak decades.
The secretary said more time is needed and an update may be made available at the Committee of Supply conversations next year regarding the review of the point-to-point transportation market, which was scheduled to be finished by the end of this year.
One of the issues being discussed is urging those who want to drive private-hire vehicles to think about using taxis instead. Taxis still play an important role, catering to different commuters in different situations, he said.