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Thursday, February 12, 2009

Some news that are bad...

As announced by the Minister for Transport, Mr Raymond Lim, the annual quota of Certificates of Entitlement (COEs) for Quota Year 2009 (for the period May 2009 to April 2010) will be 83,789. Details of the quota for each vehicle category are at Annex A. Bidding under this quota will start with the April 2009 First Open Bidding Exercise.

The vehicle quota for QY09 consists of the following components:
Provision for 1.5% vehicle growth based on the vehicle population as at 31 December 2008;
Replacement COEs for vehicles expected to be de-registered between January and December 2009; and Adjustment for any over/under-estimation of vehicle de-registration in previous years.

The reduction of the vehicle population growth rate to 1.5% p.a. is in line with the announcement made in the Land Transport Masterplan (LTMP), which takes effect from QY09 and will be reviewed after 3 years. In making the adjustments for any over/under-estimation of vehicle de-registration in the year 2009, LTA has factored in the revisions that were made during the mid-quota year review conducted in September 2008.

LTA will announce the COE quota available for the April 2009 first open bidding exercise following the last bidding exercise of the Quota Year 2008 in March 2009.
Rolls-Royce and Pratt & Whitney press E-brakes!
THE downturn in the aviation industry has put the brakes on the development of Seletar Aerospace Park.

Engine-makers Rolls-Royce and Pratt & Whitney have postponed plans to open new facilities at the site this year.

The projects are now expected to be completed next year, at the earliest.

When The Straits Times visited Seletar last week, the two plots of land were lying idle, except for a few birds hopping around.

Confirming the delay, Mr Sia Kheng Yok, the director of transport engineering at the Economic Development Board (EDB), stressed that both companies are 'long-term investors in Singapore' and remain committed to their plans.