18 Jan '12, 9am

About $150 million collected in ERP every year

About $150 million collected in ERP every year

The Government has collected more than $400 million in Electronic Road Pricing (ERP) charges from drivers over the last three years. -- ST PHOTO: ALPHONSUS CHERN By Maria Almenoar The Government has collected more than $400 million in Electronic Road Pricing (ERP) charges from drivers over the last three years. In the financial year (FY) 2009, $149 million was collected; in FY 2010, $159 million, and in FY2011 till the end of October, $97 million of ERP charges was put in the Government's Consolidated Fund. Transport Minister Lui Tuck Yew revealed this in Parliament on Wednesday responding to a question by Non-Constituency Member of Parliament Lina Chiam. Mr Lui however assured the public that the purpose of ERP is to 'manage congestion and not generate revenue'. ERP rates are set and reviewed every quarter based on the latest traffic conditions, he said. Mr Lui also revea...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-3...

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