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23-04-2013, 03:06 PM
The latest issue of The Edge cover story is SMRT.
IMO, one of the likely option for a sustainable model while keeping low fare, is the Downtown Line model. LTA funds almost all the capital exp, while operator only focus on operation. It will change the asset-heavy business to an asset-light service business. So far Mr. Market is bearish on SMRT, with 52-weeks low of $1.51
The trend seems already started, with the "first deport that LTA is developing and funding, as part of a review of the enhanced structural assistance that the government is providing the bus industry" as stated in the news report.
LTA to build new bus depot for 500 SMRT buses
SINGAPORE — A new bus depot will be built off Jurong West Avenue 2, the Land Transport Authority (LTA) revealed today.
The bus depot is scheduled to be completed by 2015.
http://www.todayonline.com/singapore/lta...smrt-buses
IMO, one of the likely option for a sustainable model while keeping low fare, is the Downtown Line model. LTA funds almost all the capital exp, while operator only focus on operation. It will change the asset-heavy business to an asset-light service business. So far Mr. Market is bearish on SMRT, with 52-weeks low of $1.51
The trend seems already started, with the "first deport that LTA is developing and funding, as part of a review of the enhanced structural assistance that the government is providing the bus industry" as stated in the news report.
LTA to build new bus depot for 500 SMRT buses
SINGAPORE — A new bus depot will be built off Jurong West Avenue 2, the Land Transport Authority (LTA) revealed today.
The bus depot is scheduled to be completed by 2015.
http://www.todayonline.com/singapore/lta...smrt-buses
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