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SMRT - More certainty of rail restructuring

Shared By Stock Fanatic on Friday, December 4, 2015 | 4.12.15

In his speech today, Transport Minister Khaw Boon Wan has hinted again at restructuring the rail industry. Given the increasingly frequent breakdowns, we reckon this will happen soon - which will be positive for SMRT.

Excerpts from the article “LTA must be ready to take over MRT operations: Khaw Boon Wan”

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"Creating an excellent rail system requires an integrated approach, from design and construction, right through to actual operations and maintenance".

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"Our current model separates the designer and builder, LTA, from the maintainer and operator, SMRT and SBST," he said.

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"From an economist's viewpoint, this allows for more competition in choosing the operator. From an engineer's viewpoint, it is not so ideal from the life-cycle perspective."

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"It is not easy or desirable to change the model overnight", although for future MRT line, "we may have the opportunity to shape the way we do things". 

·   LTA, PUB, SBS Transit and SMRT have signed a MoU to jointly develop and extend existing relations in infrastructure maintenance.

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Source : UBS Global Research


Posted on Friday, December 4, 2015 | 4.12.15
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