Taxi fleet growth capped at 2% per year until 2013
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Taxi fleet growth rate during August 2012 to December 2013 will be 2% per annum.
The Land Transport Authority says this rate will be applied on individual taxi operators based on their respective fleet sizes.
After January 2014, taxi operators will be required to meet new taxi availability standards before they will be allowed to expand their fleet.
Since 2003 the taxi population has been growing at an average of 4 percent per year.
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