YEARENDER | TRANSPORT

Look back 2018: Transport - Year of highs and lows

Bicycles from oBike stacked up in the compound of Enviro-Hub Holdings in July. The shared-bike industry saw a shake-out after nearly two years, with pioneer oBike making a surprise exit in June.
Bicycles from oBike stacked up in the compound of Enviro-Hub Holdings in July. The shared-bike industry saw a shake-out after nearly two years, with pioneer oBike making a surprise exit in June. PHOTO: LIN ZHAOWEI FOR THE STRAITS TIMES

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.

Please or to continue reading the full article. Learn more about ST PREMIUM.

Enjoy unlimited access to ST's best work

  • Exclusive stories and features on multiple devices
  • In-depth analyses and opinion pieces
  • ePaper and award-winning multimedia content
A version of this article appeared in the print edition of The Straits Times on December 19, 2018, with the headline 'Transport: Year of highs & lows'. Print Edition | Subscribe