6 Ways Singapore Could Change Under the Smart Nation Program

Singapore’s Smart Nation initiative officially kicked off in late 2014.

Under the program, Singapore is looking to use technology to improve urban living. The key areas of focus include public transport networks, housing, security, government services, healthcare and more. The prospectus for NetLink NBN Trust’s ongoing initial public offering (IPO) contained a study from Media Partners Asia (MPA) that delved into the efforts being made. The study was commissioned by NetLink NBN Trust.

To help investors get a better understanding of the Smart Nation initiative, here are six areas in transportation that might change in the future:

For the first three – head here

4. Managing road congestion (read: ERP is changing)

The prospectus noted:

“LTA aims to leverage global navigation satellite system (GNSS) advancements to explore alternatives for the electronic road pricing scheme.

This includes adopting flexible distance-based congestion charging that can circumvent the physical constraints of gantries and better manage road congestion.”

Early last year, a tender for a satellite-based electronic road pricing system (ERP) was awarded to a consortium back by NCS and Mitsubishi Industries Engine System Asia. Singapore Technologies Engineering Ltd (SGX: S63) also submitted a bid, but the company’s bid was over two times costlier compared to the winning bid.

5. Public transport fleet management

MPA also said:

“LTA seeks to create a real-time fleet management system that integrates information from different bus operators island-wide. This information consolidation will enable more cost-effective resource planning and improve service quality by providing commuters with more information on bus arrival times and bus loads.”

Personally, I find the information on bus arrivals to be very useful when I travel about in Singapore. MPA also noted that the system could support private car sharing services. In recent times, ComfortDelGro Corporation Ltd’s (SGX: C52) taxi services have come under pressure from ride-hailing services such as Uber and Grab.

6. Going inside the vehicle

The changes are also coming into vehicles as well. The MPA study said:

“LTA sees the integration of in-vehicle ITS telematics with smart mobile devices as an opportunity to improve drivers’ experience and road safety. Telematics enables dynamic routing, intelligent parking and real-time alerts for road safety amongst other applications.

Data from in-vehicle ITS telematics also benefit businesses in industries, including but not limited to automotive manufacturers, car insurance companies and logistics companies, by providing insights into vehicle usage patterns and driver behaviour.”

There are many other ways that Singapore could change as the different initiatives take hold. Stay tuned for more in the coming days.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Chin Hui Leong doesn’t own shares in any companies mentioned.