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Thread: Impact of Distance-based pricing system on property prices

  1. #1
    Join Date
    Nov 2008
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    9,217

    Default Impact of Distance-based pricing system on property prices

    Will it have a positive impact on property prices in CCR / RCR?

    Christopher Tan | My Paper | Thursday, Oct 2, 2014 Singapore has called a tender for contractors to build the next-generation Electronic Road Pricing (ERP) system. The Land Transport Authority (LTA) said yesterday that it has shortlisted three consortia to take part in the multi-billion-dollar exercise. They are NCS & MHI Engine System Asia, ST Electronics (InfoComm Systems), and Watchdata Technologies & Beijing Watch- data System. ST Electronics has roped in computing giant IBM as a sub- contractor for its bid. The winner will build a satellite-aided, gantry-less system that is capable of charging motorists based not only on the location and time they drive, but also the distance they travel. It works on the same principle as a satellite navigation system. The Straits Times understands that the three parties will have up to February to submit their bids, and the tender is expected to be awarded in the second half of the year. Although the authority said it aims to implement the system "from around 2020", industry watchers reckon it will be ready by 2019. That is the year that Singapore hopes to host the 26th Intelligent Transport Systems World Congress, a prestigious event held annually since 1994. Detroit hosted this year's congress. The LTA, together with the Intelligent Transportation Society Singapore, has put in a bid for the rights to host the event. The tender for the next-generation ERP system has been long awaited by the industry, following an 18-month "live" evaluation that was completed in December 2012. The LTA said the evaluation showed that it is "technologically feasible" to develop a satellite- based ERP system in Singapore. It said: "This new system will overcome the constraints of physical gantries, which are costly and take up land space. In addition, it is not practical to continue with the current gantry system, which is almost two decades old and will become increasingly expensive and difficult to maintain." The authority added that distance-based charging is "more equitable" to motorists, who will also enjoy the benefits of a more sophisticated in-vehicle unit that can provide real-time traffic information, coupon-free kerbside parking and flexible charges for the use of off-peak cars. But motorists had other questions on their minds. "Does this mean that there will be more COEs?" businessman Leslie Chia, 49, wanted to know. Others are worried about having their movements tracked. But Park Byung Joon, an urban transport management expert at SIM University, said "this is more fear than concern", "because when- ever you use navigation, your mobile phone or an app to call for a cab, your location is known". Nevertheless, he said, the Government should assure users that their data will not be misused. [email protected]

  2. #2
    Join Date
    May 2012
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    4,035

    Default

    Quote Originally Posted by DC33_2008 View Post
    Will it have a positive impact on property prices in CCR / RCR?

    Christopher Tan | My Paper | Thursday, Oct 2, 2014 Singapore has called a tender for contractors to build the next-generation Electronic Road Pricing (ERP) system. The Land Transport Authority (LTA) said yesterday that it has shortlisted three consortia to take part in the multi-billion-dollar exercise. They are NCS & MHI Engine System Asia, ST Electronics (InfoComm Systems), and Watchdata Technologies & Beijing Watch- data System. ST Electronics has roped in computing giant IBM as a sub- contractor for its bid. The winner will build a satellite-aided, gantry-less system that is capable of charging motorists based not only on the location and time they drive, but also the distance they travel. It works on the same principle as a satellite navigation system. The Straits Times understands that the three parties will have up to February to submit their bids, and the tender is expected to be awarded in the second half of the year. Although the authority said it aims to implement the system "from around 2020", industry watchers reckon it will be ready by 2019. That is the year that Singapore hopes to host the 26th Intelligent Transport Systems World Congress, a prestigious event held annually since 1994. Detroit hosted this year's congress. The LTA, together with the Intelligent Transportation Society Singapore, has put in a bid for the rights to host the event. The tender for the next-generation ERP system has been long awaited by the industry, following an 18-month "live" evaluation that was completed in December 2012. The LTA said the evaluation showed that it is "technologically feasible" to develop a satellite- based ERP system in Singapore. It said: "This new system will overcome the constraints of physical gantries, which are costly and take up land space. In addition, it is not practical to continue with the current gantry system, which is almost two decades old and will become increasingly expensive and difficult to maintain." The authority added that distance-based charging is "more equitable" to motorists, who will also enjoy the benefits of a more sophisticated in-vehicle unit that can provide real-time traffic information, coupon-free kerbside parking and flexible charges for the use of off-peak cars. But motorists had other questions on their minds. "Does this mean that there will be more COEs?" businessman Leslie Chia, 49, wanted to know. Others are worried about having their movements tracked. But Park Byung Joon, an urban transport management expert at SIM University, said "this is more fear than concern", "because when- ever you use navigation, your mobile phone or an app to call for a cab, your location is known". Nevertheless, he said, the Government should assure users that their data will not be misused. [email protected]
    That's possibly reason why they implement Personal Data Protection Act (PDPA) and trial on all the potential problems before the Satellite COE is allowed to run.
    The three laws of Kelonguni:

    Where there is kelong, there is guni.
    No kelong no guni.
    More kelong = more guni.

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