The Land Transport Authority (LTA) announced today (September 15) that the government will provide additional financial assistance of S $ 112 million to taxi drivers and private rental companies.
LTA said in a post on Facebook that the agent will help point-to-point drivers and operators (P2P) "get through this difficult period".
This is on top of a $ 77 million package announced in February and a second $ 20 million package launched in March.
The Special Relief Fund (SRF) for P2P drivers will also be extended until March 2021.
The fund allows drivers to receive S $ 10 per day per vehicle or S $ 300 per vehicle per month.
The taxi companies have also committed to providing their tenants with suitable rental discounts worth S $ 29 million.
On the other hand, P2P operators receive a special relief of S $ 2,200 per vehicle that is not rented in order to cover the costs of their non-rented fleet.
Changes to the professional license for private cars (PDVL)
The LTA has also made changes to the PDVL criteria to align them with the requirements for a taxi driver's professional license.
From now on, all new PDVL applicants must be Singapore citizens who are at least 30 years old.
"Although the demand for taxis and private rental cars has increased with the start of the second phase, the number of drivers is not expected to return to pre-COVID levels anytime soon," the LTA said.
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