Singapore’s traffic is about to get a little more expensive. From January, ERP rates at four expressway gantries will go up, while six other locations will see temporary reductions over the year-end school holidays. The Land Transport Authority says these changes are aimed at managing congestion where traffic has been building up.

But will higher ERP rates really ease the jams, or do drivers just get used to them over time? And are these changes fair to commuters?

On The Big Story, Hongbin Jeong speaks to Terence Fan, Assistant Professor of Strategy & Entrepreneurship (Education); Academic Director, Accreditation, Singapore Management University, to find out more.