Two current schemes with incentives to purchase environmentally friendly vehicles will be improved or extended - as announced in Budget 2014 yesterday.
Four projects costing up to $4.6 million have been spawned so far, including an emission test lab, with more in the works.
MAS has announced it will allow the OMV of used motor vehicles to be adjusted to depreciation to derive appropriate LTV limit.
The Land Transport Authority (LTA) is looking at a feasible car sharing option for commuters whom need a car on occasion.
Transport Minister Lui Tuck Yew announced in Parliament that ERP charges during the evenings and Saturdays will remain at the moment.
The Government will be offering cash incentives to bus operators who ensure their buses arrive at bus stops on time.
According to Transport Minister Lui Tuck Yew, buses will be given even more priority on the roads to improve bus speeds and reliability.
The government is looking into the possibility of offering free, if not cheaper, rides to commuters who travel earlier to ease peak hour congestion.
Used car dealers submit fresh applications to MAS to appeal the new auto loan restrictions as profits plunge with reduced sales across the market.
Higher traffic police road presence, increased red light cameras and higher emphasis on road safety programmes are some strategies for safer roads here.
The new MAS loan restriction imposed last week will not apply to the disabled, DPM Tharman Shanmugaratnam announces in his Budget debate wrap-up speech.
Following the tightened loan rules, used car dealers are starting to reduce prices to attract buyers, while some new car prices have gone up due to tiered ARF.
More than 85 percent of cars sold here in Singapore will be affected by the new tiered ARF scheme, attracting a higher tax amount.
Luxury marques are offering leasing options in response to the loan curb rule, with guaranteed buy back at the end of leasing term.
The Monetary Authority of Singapore (MAS) will place a cap on motor vehicle loans from tomorrow, 26th February 2013, Tuesday.
Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam has announced a tiered Additional Registration Fee (ARF) during his Budget Statement 2013.