Relieve Traffic Congestion
145. The number of PCs has been on the rise. Traffic congestion has been aggravating. The FRT and the vehicle licence fee for PCs have not been adjusted since 2011 and 1991 respectively. I propose increasing the rate of each tax band for the FRT for PCs (including e-PCs) by 15 per cent and the vehicle licence fee by 30 per cent. The above-mentioned adjustments have been gazetted for taking effect today. Other types of vehicles are not affected. The maximum FRT concession for e-PCs under the "One-for-One Replacement" Scheme will be raised correspondingly to $287,500, while the FRT concession cap for general e-PCs will remain unchanged. The Transport Department will also continue the studies on "Congestion Charging" and the Electronic Road Pricing Pilot Scheme in Central with the aim of optimising the use of road space and relieving traffic congestion.
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