TRANSPORT officials are today expected to confirm a $15 million study on pricing the roads in a final package of solutions to tackle the traffic problem.
The package is expected to include sharp increases in vehicle licence fees and First Registration Tax.
Funding has been obtained to carry out the study on electronic road pricing, which will be followed by a pilot scheme in some congested areas, costing $100 million. The study is likely to start in September while full implementation of the scheme, which will cost over $500 million, will take up to three years to complete.
The expected 50 per cent rise in licence fees and increases in First Registration Tax to help finance the road pricing system will be in place next year after gaining approval from the Legislative Council.
The Transport Advisory Committee will be consulted before the package is put to the Executive Council.
Concern has been expressed over the Government adopting financial measures against motorists.