Gov’t Awards S$112M Grant To Taxi Operators, Private-Hire Firms

The Land Transport Authority (LTA) announced today (September 15) that the government will inject an additional S $ 112 million in financial assistance to taxi operators and private rental companies.

LTA said in a Facebook post that the funds will help drivers and point-to-point (P2P) operators “get through this difficult time.”

This is in addition to a $ 77 million package announced in February and a second $ 20 million package of S1 rolled out in March.

The Special Emergency Fund (SRF) for P2P drivers will also be extended until March 2021.

As part of the fund, drivers can receive S $ 10 per day per vehicle, or S $ 300 per vehicle per month.

Taxi operators also pledged to continue offering equivalent rental discounts worth an additional S $ 29 million to their rental companies.

On the other hand, P2P operators will receive special assistance of S $ 2,200 per unleased vehicle to cover the cost of their unleased fleet.

Changes to the professional private rental car driver’s license (PDVL)

The LTA also made changes to the PDVL criteria to align it with the requirements for a professional taxi driver license.

Effective immediately, all new PDVL applicants must be Singapore citizens at least 30 years of age.

“Although the demand for taxis and private rental cars has increased with the start of phase two, ridership is not expected to return to pre-COVID levels anytime soon,” the LTA said .

Featured Image Credit: Dollars and Sense

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Jothi Venkat

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