Tags » LTA

Government to take over SMRT's rail assets

(Source: www.businesstimes.com.sg)

SMRT will transfer its rail assets to the government for S$991 million or S$1.06 billion after GST, subject to shareholder approval.

Singapore… 675 more words

Money Matters

Government to take over SMRT's rail assets

(Source: www.businesstimes.com.sg)

SMRT will transfer its rail assets to the government for S$991 million or S$1.06 billion after GST, subject to shareholder approval.

Singapore… 675 more words

Money Matters

LTA to buy $1b of SMRT assets under new rail financing framework

(Source: www.straitstimes.com)

SINGAPORE – After more than four years of intense negotiations, the Government and rail operator SMRT Corp have reached an agreement to switch to a dramatically different arrangement that is designed to improve service. 502 more words

Current Affairs

SBS Transit shares soar more than 10% on rail asset transfer talks with LTA

(Source: www.straitstimes.com)

SINGAPORE – Shares of SBS Transit jumped more than 10 per cent on Friday (July 15) after the Land Transport Authority (LTA) said that it remained in talks with the rail and taxi operator on the possibility of transferring its rail assets to the government, the Business Times reported. 135 more words

Current Affairs

Singapore Trains Nationalised . . . well almost!

The Workers Party (WP) has long championed the nationalisation of Singapore’s public transport system. WP has, since 2006 called for the MRT and public buses servicing major trunk routes to be brought under a National Transport Corporation (NTC) which will oversee and provide transport services. 431 more words

Current Affairs

SMRT operating assets to come under new rail financing framework from Oct 1

(Source: www.channelnewsasia.com)

SINGAPORE: More timely capacity expansion and new maintenance standards for SMRT lines are in the pipeline with the transition of SMRT operating assets to the new rail financing framework from Oct 1, the Land Transport Authority (LTA) announced on Friday (Jul 15). 526 more words

Current Affairs

New M$20 Road Charge: The Low-down

I have been openly critical of Transport Minister Khaw Boon Wan. But with Malaysia’s impending M$20 ‘Road Charge’, I fully support and praise his decision to “ 1,382 more words