2018 was a year of records for transport. The FY2018 Budget devoted a record $13.7 billion to transport. Premiums for certificates of entitlement for cars fell to their lowest in over eight years despite a smaller COE supply. The Public Transport Council approved one of the biggest hikes in bus and train fares in years. And the biggest asset renewal project for the MRT system reached its halfway mark in 2018.
Against a backdrop of a car-lite future, the number of private and commercial vehicles on the road has stagnated, while the number of trains and public buses continues to grow.