07 Oct '17, 6am

SINGAPORE - Signs are pointing towards a more single-minded approach to the MRT system.

SINGAPORE - Signs are pointing towards a more single-minded approach to the MRT system.

Three separate events last month offer new hope that the rail industry here is evolving for the better. The first was SMRT clinching the operating contract for the Thomson-East Coast Line. It beat rival SBS Transit, a company which arguably has a better track record as far as recent reliability statistics go. SMRT's bid, at 30 per cent lower than SBS Transit's, was however, hard to pass up. In assessing bids which involve taxpayers' money, value for money ranks high. And there are signs that SMRT has learnt its lesson from past mistakes. Parent group Temasek Holdings has taken the company private and the Government has bought over all its operating assets under the New Rail Financing Framework. These moves free SMRT from the pressures of market expectations and possible disputes over which assets it is responsible for replacing when the time comes. For sure, SMRT would not...

Full article: http://www.nationmultimedia.com/detail/asean-plus/30328676

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