"Crumbling of Singapore" indeed. Effects of PAP's incompetence, mismanagement, nepotism and cronyism:
"Just after $1.1 billion dollars worth of taxpayers’ monies are disbursed to SMRT and SBS Transit to help them improve their services and keep operating costs down, SMRT is asking for another ‘Ang Pow’ from the Land Transport Authority (LTA) again.
In a press statement released this evening, SMRT said it needs to spend around S$900 million over eight years (2012-2019) to renew and upgrade its train systems, raising questions on why it has not done so earlier despite reaping in obscene profits year after year.
SMRT does not expect to foot the hefty bill entirely on its own and is currently discussing cost-sharing arrangements with the Land Transport Authority (LTA).
“Some of the measures are already on-going and will be accelerated, while others are new,” interim Chief Executive Officer Tan Ek Kia said at a news conference on Tuesday.
SMRT also claimed that as the system ages, faults will arise from time to time though the Hong Kong’s MTR and Japan’s railway systems with much longer history have never been besieged by such frequent breakdowns before.
However, SMRT was quick to remind Singaporeans that even with the ‘renewal’ plans, it cannot expect no disruptions.
Transport Minister Lui Tuck Yew has earlier said in Parliament that ‘minor’ disruptions less than 30 minutes are ‘unavoidable’:
"Just after $1.1 billion dollars worth of taxpayers’ monies are disbursed to SMRT and SBS Transit to help them improve their services and keep operating costs down, SMRT is asking for another ‘Ang Pow’ from the Land Transport Authority (LTA) again.
In a press statement released this evening, SMRT said it needs to spend around S$900 million over eight years (2012-2019) to renew and upgrade its train systems, raising questions on why it has not done so earlier despite reaping in obscene profits year after year.
SMRT does not expect to foot the hefty bill entirely on its own and is currently discussing cost-sharing arrangements with the Land Transport Authority (LTA).
“Some of the measures are already on-going and will be accelerated, while others are new,” interim Chief Executive Officer Tan Ek Kia said at a news conference on Tuesday.
SMRT also claimed that as the system ages, faults will arise from time to time though the Hong Kong’s MTR and Japan’s railway systems with much longer history have never been besieged by such frequent breakdowns before.
However, SMRT was quick to remind Singaporeans that even with the ‘renewal’ plans, it cannot expect no disruptions.
Transport Minister Lui Tuck Yew has earlier said in Parliament that ‘minor’ disruptions less than 30 minutes are ‘unavoidable’:
Last edited: