How much has govt collected from COEs??

[KARTer]

There is an article in 6 July TODAY on the successful and popular public transport system in a Scandanavian country where trains and buses are the main mode of transport for the people without the use of COEs to deter and control car ownership.

 

The report says, to achieve this, the government in that country has put in $23 billion in the past 20yrs++ for public transport infra structure.

 

Lets check if sgp govt has the same amount of money to do the same.... lets say if govt use the accumulated COEs collection to spend on infra structure for public transport, how many years of COEs collection is needed to afford $23b infra structure?

 

For each series of car number plate, there are 9999 cars, if the average COE price is say 20k, this means $199,980,000, say $200m.

 

From 2006 till today, we have SGL, SGM, SGN, SGP, SGQ, SGR, SGS, SGT, SGU SGV, SGW, SGX, SGY, SGZ, SJA, B, C, D, E, F, G, H, J, K, L , M, N, P, Q, R, S, T, U, V, W, X, Y, X.... about 38 series of number plates in 6 years.

 

Total "revenue" from COEs sales by govt = $200m x 38 = $7,600m!! (2006 to 2011) this is enough to build a good public transport system over a 16-18 years period (to collect sufficient COE fees) comparable to that in Scandanavia.

Edited July 6, 2011 by KARTer

[Vega]

Ssshhhhh....... Don't picha lobang leh.

[Singhao]

So much money they collected, but some of the roads are in quite poor condition lah.

 

Maybe they should give ERP exemption for a year or so in view of this substantial increase in COE revenues. Tsk tsk...

[Atonchia]

There is an article in 6 July TODAY on the successful and popular public transport system in a Scandanavian country where trains and buses are the main mode of transport for the people without the use of COEs to deter and control car ownership.

 

The report says, to achieve this, the government in that country has put in $23 billion in the past 20yrs++ for public transport infra structure.

 

Lets check if sgp govt has the same amount of money to do the same.... lets say if govt use the accumulated COEs collection to spend on infra structure for public transport, how many years of COEs collection is needed to afford $23b infra structure?

 

For each series of car number plate, there are 9999 cars, if the average COE price is say 20k, this means $199,980,000, say $200m.

 

From 2006 till today, we have SGL, SGM, SGN, SGP, SGQ, SGR, SGS, SGT, SGU SGV, SGW, SGX, SGY, SGZ, SJA, B, C, D, E, F, G, H, J, K, L , M, N, P, Q, R, S, T, U, V, W, X, Y, X.... about 38 series of number plates in 6 years.

 

Total "revenue" from COEs sales by govt = $200m x 38 = $7,600m!! (2006 to 2011) this is enough to build a good public transport system over a 16-18 years period (to collect sufficient COE fees) comparable to that in Scandanavia.

 

 

I use a simpler and direct method.

There are ,1000,000 vehicles on the roads. ALL need COEs.

Say the median is $20,000.

 

The total = $20 Billion !!!!

 

 

 

 

[Falcon1668]

how to compare government of ours and others? one work for $$$$ while the other work for the country

[Thaiyotakamli]

I use a simpler and direct method.

There are ,1000,000 vehicles on the roads. ALL need COEs.

Say the median is $20,000.

 

The total = $20 Billion !!!!

singapore got 1 million vehicle????

[Mllcg]

singapore got 1 million vehicle????

 

cars bikes bus truck taxi.

 

every thing with an engine.

 

total 1mil

[Thaiyotakamli]

cars bikes bus truck taxi.

 

every thing with an engine.

 

total 1mil

average 20k?? or more?

[Hiphiphoray]

And the revenue generated from car ownership.......COE, OMV, ERP, Sumons, parking fee, petrol tax, gst generated from thousands of car related services amounts to zillions & billions.

 

There are just not enough zeros to define this.........

[Latio2005A]

I use a simpler and direct method.

There are ,1000,000 vehicles on the roads. ALL need COEs.

Say the median is $20,000.

 

The total = $20 Billion !!!!

you r too conservative leh, the no of vehicles is not static. Each year there will be some 20 to 30 thousand cars scrapped and new coe issued. And this is dated from the 90s.

[Blackyv]

So much money they collected, but some of the roads are in quite poor condition lah.

 

Maybe they should give ERP exemption for a year or so in view of this substantial increase in COE revenues. Tsk tsk...

 

Font assume hor ... they never said coe collected is for road maintenance, ..

[Takeshi_lum]

you r too conservative leh, the no of vehicles is not static. Each year there will be some 20 to 30 thousand cars scrapped and new coe issued. And this is dated from the 90s.

 

 

but even scrapped cars also need to pay COE isnt it?

Edited July 6, 2011 by Takeshi_lum

[Latio2005A]

Scrapped cars no need, but new coes issued to replace scrapped cars, bro.

[Tayspiderx]

Did u heard that each ERP gantry cost us 1 million ea...KNS they even been relocating quite often recently etc ECP (MBS), CTE (AMK), Bendemeer (more than once)

[Chucky2007]

Did u heard that each ERP gantry cost us 1 million ea...KNS they even been relocating quite often recently etc ECP (MBS), CTE (AMK), Bendemeer (more than once)

Each gantry cost less than 200k to erect. 1m is due to projected cost to maintain over a period of years.. ballon the figures

[Unidentified]

2016..we will bring down the entire evil $ regime.

[Best_ctzn]

I think the people here are plain lazy. Just go to LTA website can get all the COE information to add up, will it not tell a better picture than just do all the ahgaration?

 

And since you so free to add up all the COE, why not you also go and add up all the construction costs of just the major expressways? Then won't you have more case to kpkb?

 

Just a thought.

 

And nowadays, no need to check, just look at tile you will know who here to stir s--t again. Politics, politics, and more politics....

Edited July 7, 2011 by Best_ctzn

[SimonTan]

You guys forgot the ARF...100% of OMV.

That will add another 1million Vehicles X $10,000 avg OMV = $10billion to the above figures!!

Edited July 7, 2011 by SimonTan