New money for old bangers.
AS OF Monday the transport ministry will start accepting applications again for the withdrawal of old bangers in new scheme that is expected to cost over e1/42 million.
This time around vehicle owners can receive as much as e1/41,800 if they exchange their gas guzzlers for more eco-friendly vehicles. The government hopes to claw back some of the cost from the fees that will be charged from the registration of new vehicles.
Those owning cars over 15 years old will now have the chance to trade them in for a new model, provided that it emits less than 165 grammes of CO2 per kilometre.
The transport ministry announced yesterday that as of Monday, October 11 it will accept applications for the withdrawal and replacement of old vehicles. Applications should be submitted online at http://www.mcw.gov.cy/mcw/rtd/rtd.nsf not later than December 13 this year.
In order to be approved for withdrawal, vehicles must have been registered and have had active road tax for any period of time during the last 12 months. In addition the old vehicle must have been registered in any country for at least 15 years and in Cyprus for the last 10 years. Claimants should only apply for the withdrawal of one vehicle. If multiple applications are submitted by the same individual only the application of the oldest vehicle will be considered and all other claims will be considered automatically void, the ministry said.
Funding will be given only on the condition that the applicant will register a new M1 category vehicle in his name. An M1 category vehicle is one that has four wheels and no more than eight seats.
Grants will be available to the public until the total grant sum is used, and priority will be given to the oldest cars.
Once approved for a grant individuals will have 12 months to apply for the funding otherwise the aid will be withdrawn. To receive funding the applicants must deliver the old vehicle to a licensed facility so the car can be destroyed and then be given a certificate of destruction.
Furthermore within 30 days of receiving the certificate of destruction one must deliver it to the Office of the Department of Road Transport along with a completed TOM98 form (Application for the Cancellation of a Motor Vehicle Registration). In addition applicants must have with them the completed registration forms of the new vehicle.
Additional Information about this Project can be obtained at Citizen Service Centres and the offices of the Department of Road Transport. Individuals who have no access to the internet can use the computers located on the premises to apply.
The old bangers scheme was first implemented in 2008.
Copyright Cyprus Mail 2009
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