The Land Transport Authority announced on Friday that the taxi fleet growth rate during the August 2012 to December 2013 period will be 2 per cent per annum.This rate will be applied on individual taxi operators based on their respective fleet sizes, it added.
LTA's announcement came after it said last week that taxi operators will have to meet new taxi availability standards by January 2013 to serve commuters better.On Friday, it added that by January 2014, taxi operators will not be allowed to expand their fleet if they do not meet these standards. During the transitional period, however, they can grow their respective fleets at the historical taxi ridership growth rate.
