6 Aug 2012, 4.05PM
The Land Transport Authority (LTA) has announced that the growth of each taxi operator’s fleet will now depend on its ability to meet the new taxi availability standards, which are still in the works.
Meanwhile, during the transitional period from August 2012 to December 2013, the taxi fleet growth rate will be capped at 2% per annum. This rate will be applied on individual taxi operators based on their respective fleet sizes.
According to a Straits Times report, the slashing of the taxi population growth rate, from 5% to 2% per annum, aims to rein in the breakneck speed at which the taxi population has been growing in recent years.
Share your views on the linking of the growth of each taxi operator’s fleet to the operator’s ability to meet taxi availability standards with us.