29 Aug '11, 10am

SBS Transit appointed Downtown Line operator

SINGAPORE: SBS Transit Limited has been appointed the new operator for Downtown Line. The announcement was made by the Land Transport Authority (LTA), which also says the Downtown Line is the first rail line put up for competitive tender under the new rail financing framework LTA adopted in 2010. Among other things, the licence period for the appointed operator is shorter - about 15 years, down from the existing 30 to 40 years. And the LTA will own the rail operating assets and be responsible for timely replacements and enhancements. In the case of the Downtown Line, the licence period is about 15 years from full completion in 2017, a few years after Downtown Line Stage 1's targeted opening in 2013. The LTA says the shorter duration will encourage efficiency through competition, as other operators may bid at the end of the licence term. The appointed Downtown Line operator...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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LTA appoints SBS Transit to operate Downtown Line

LTA appoints SBS Transit to operate Downtown Line

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