In fact, they are making hundreds of millions of dollars. So why is the FAP giving them so much taxpayer funded kang tao to make them to work? Notice that when the MRT system first started, there were several LED time arrival signboards along the entire platform. Ever since that Msian woman became took over, they were taken down and replaced by just 1 miserable plasma TV showing the arrival time and you could hardly read it if you're some distance away from it. And lagi worse, it is being used to show noisy ads more than to show the arrival time. Who is real beneficiary of the public transport companies' insatiable greed?
Bus financing framework to be refined
By Hetty Musfirah | Posted: 07 March 2012 1721 hrs
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SINGAPORE: The bus financing framework will be refined, to help achieve greater level of parity with the rail financing framework.
Transport Minister Lui Tuck Yew said in Parliament that there remains a marked difference between the support given to the bus and rail sectors.
For instance, the government funds the development and land costs for rail depots, and grants rail operators the right to generate and retain non-fare revenue such as advertising revenue in their MRT stations.
Such support is comparatively lacking in the bus sector.
So going forward, consistent with what is done for the rail industry, the government will bear the development and land costs for bus depots and bus parking infrastructure, and lease these to bus operators at a nominal fee.
=> $1?
This will also lower the entry barriers for new operators when contestability in the bus industry is introduced, as bus parking and depots are key infrastructure for running bus services.
Mr Lui said operators will also be allowed to retain a portion of the advertising revenue from bus shelters, which today is retained by the government.
He said this will provide the PTOs some help to cope with rising costs in the future.
- CNA/cc
Bus financing framework to be refined
By Hetty Musfirah | Posted: 07 March 2012 1721 hrs
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Passengers boarding a bus. (Photo by: Hester Tan, channelnewsasia.com) | ||||||
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SINGAPORE: The bus financing framework will be refined, to help achieve greater level of parity with the rail financing framework.
Transport Minister Lui Tuck Yew said in Parliament that there remains a marked difference between the support given to the bus and rail sectors.
For instance, the government funds the development and land costs for rail depots, and grants rail operators the right to generate and retain non-fare revenue such as advertising revenue in their MRT stations.
Such support is comparatively lacking in the bus sector.
So going forward, consistent with what is done for the rail industry, the government will bear the development and land costs for bus depots and bus parking infrastructure, and lease these to bus operators at a nominal fee.
=> $1?
This will also lower the entry barriers for new operators when contestability in the bus industry is introduced, as bus parking and depots are key infrastructure for running bus services.
Mr Lui said operators will also be allowed to retain a portion of the advertising revenue from bus shelters, which today is retained by the government.
He said this will provide the PTOs some help to cope with rising costs in the future.
- CNA/cc
