SINGAPORE (April 2): The Land Transport Authority (LTA) has awarded a street-hail service operator licence (SSOL) to GrabCab, a subsidiary of Grab Rentals and sister company of GrabCar, which holds a ride-hail service operator licence (RSOL) and a car-pool service operator licence (CSOL).    

GrabCab’s entry into the street-hail sector brings the total number of taxi operators in Singapore to six, and is expected to boost taxi supply. Under the licence, GrabCab will be allowed a three-year grace period to progressively expand their fleet to meet the minimum fleet size requirement of 800 taxis.

Valid for 10 years, the licence will commence from April 9. GrabCab will need to comply with the conditions of its licence, including meeting LTA’s safety standards and ensuring that partnership arrangements with drivers are non-exclusive in nature.

GrabCab’s licence terms are consistent with...(click on link for full story on theedgesingapore.com)