SINGAPORE - Our Electronic Road Pricing (ERP) system has been dubbed as one of the world's most innovative infrastructural projects by global auditing firm KPMG.
Its Infrastructure 100: World Markets report, released today, noted that Singapore is one of the least congested major cities in the world despite a growing urban population and limited physical space.
This is thanks to a pay-as-you-use system which maximises the capacity of the road network with vehicle quotas, ERP tolls that vary according to traffic flows, along with real-time alerts for drivers, the report said.
It added: "Consequently, average car speeds of 27 kmh compare favourably to 16 kmh in London and 11 kmh in Tokyo.
"The judges considered this a clever system that encourages motorists to change their mode of transport, travel route or time of travel.
"The next-generation ERP II will use a global navigation satellite system and be implemented by 2020."
The Infrastructure 100: World Markets report seeks to highlight key trends driving infrastructure investments around the world and how governments are coming together with the private sector to overcome funding constraints in order to finance and build projects that can improve quality of life.
The full report can be found here.