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TODAYonline
April 1, 2016
The implementation of a satellite-based ERP system will pave the way for distance-based pricing for vehicles (“Satellite-based ERP system to be rolled out from 2020”; Feb 26). Perhaps, with our Smart Nation vision, the Government should also look at other opportunities this system will provide. It could transition the price-elastic COE system into a standard fixed-price bidding system and variable pricing based on distance. The benefit of this approach is that the standard price can be lowered for middle-income Singaporeans who need a car. The number of cars on the roads would still be controlled by a fixed quota. The Defence Ministry, the SCDF and the police could use this technology to track their vehicles for emergency responses and security-related incidents, to help commanders decide where and when to deploy resources quickly. In summary, Singapore has an opportunity to harness this technology for the greater good of Singaporeans beyond 2020.... Continue Reading