Up to 20,000 more COEs to be released from February 2025, says LTA
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Up to 20,000 additional Certificate of Entitlements (COE) will be released across all vehicle categories progressively from February next year. In a media release on Tuesday (Oct 29), the Land Transport Authority (LTA) said that the move is possible after stUp to 20,000 more COEs to be released from February 2025, says LTA
Up to 20,000 additional Certificate of Entitlements (COE) will be released across all vehicle categories progressively from February next year. In a media release on Tuesday (Oct 29), the Land Transport Authority (LTA) said that the move is possible after studying «evolving» travel patterns in recent years, along with their ability to manage congestion through ERP 2.0. Total vehicle mileage on the roads have decreased by around six per cent from 2019 to 2023, partly due to an increase in flexible work arrangements since the Covid-19 pandemic, according to LTA. LTA also observed that in the same period, the rail network has expanded by 18 per cent with the opening of the Thomson-East Coast Line stages one to four. «Concurrently, our ability to manage congestion is being enhanced through ERP 2.0, which uses the Global Navigation Satellite System technology,» said LTA. The agency said that they'll be able to introduce new «virtual gantries», which allows for more flexible and responsive congestion management. Read more