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PR Newswire
26-04-2012, 04:24 PM
The Licensing and Operating Agreement between SMRT and LTA for the NSL and EWL dictates that SMRT own the operating assets like trains, trains, permanent way vehicles, power supply equipment and cabling, supervisory control system, escalators and lifts, platform screen doors, environmental control system, electrical services and fire protection system, signalling system, communication system, automatic fare collection system and depot workshop equipment. LTA owns the non-operating assets like tunnels, tracks and stations.
Based on the LOA, it seems probably that LTA will have to pay for the resleepering of the tracks. And maybe that why SMRT does not have a depreciation policy of the P-Way since they dun own it.
Based on the LOA, it seems probably that LTA will have to pay for the resleepering of the tracks. And maybe that why SMRT does not have a depreciation policy of the P-Way since they dun own it.