LTA: Taxi Operators, Private-Hire Firms To Get Additional S$112M Grant To Tide Over COVID-19

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The Land Transport Authority (LTA) introduced right now (September 15) that the federal government might be injecting an extra S$112 million in monetary help for taxi operators and private-hire companies.

LTA stated in a put up on Fb that the funds will assist point-to-point (P2P) drivers and operators “tide over this troublesome interval”.

That is on high of a a $77 million package deal introduced in February and a second package deal of S120 million rolled out in March.

The Particular Reduction Fund (SRF) for P2P drivers may even be prolonged to March 2021.

Below the fund, drivers can obtain S$10 per day per automobile, or S$300 per automobile per thirty days.

Taxi operators have additionally pledged to proceed offering matching rental rebates price an extra S$29 million to their hirers.

However, P2P operators will obtain a particular aid of S$2,200 per unhired automobile to defray the price of their unhired fleet.

Modifications To Non-public Rent Automobile Driver’s Vocational Licence (PDVL)

The LTA has additionally made modifications to the PDVL standards to align it with necessities for a Taxi Driver’s Vocational Licence.

With quick impact, all new PDVL candidates have to be Singapore residents who’re at the least 30 years outdated.

“Though the demand for taxis and personal rent vehicles has risen with the beginning of Part Two, ridership is just not anticipated to return to pre-COVID ranges anytime quickly,” stated the LTA.

Featured Picture Credit score: {Dollars} and Sense

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