02-10-2013, 06:04 PM
(02-10-2013, 08:21 AM)NTL Wrote: In today's news.Is this the first time? What about the past fines? To me it is like you take your LHS pocket money and put it into your RHS pocket; if in the past those fine money were not donated.
Train operators fined $1.1m for delays and lapses in safety
SMRT and SBS Transit have been fined a total of $1.1 million for a series of train delays and safety lapses in the last 10 months.
SMRT will have to shell out $860,000 for the following lapses: a trackside fire at Newton station on Feb 13; failing to launch the correct trains for service on the Bukit Panjang LRT network on July 4; failing to repair a corroded rail along the Circle Line on time; and exposing workers to the risk of electrocution at the Ulu Pandan depot between November and December last year.
The other public transport operator SBS Transit will be fined $250,000 for taking too long - 21/2 hours instead of 30 minutes - to evacuate 250 passengers stuck in a stalled train along the North-East Line (NEL) in June after the operator failed to move the stalled train to Hougang station for a detrainment process.
The Land Transport Authority (LTA) said it will not penalise SBS Transit for the Jan 11 NEL breakdown that was caused by corroded U-bolts that caused the overhead cantilever arm to sag. The regulator said the it may not have been possible to detect the defects visually and SBS Transit had maintained the U-bolts according to manufacturer's requirements.Quote:The fines will be donated to the Public Transport Fund to help needy families with their transport fares.
Ha! Ha!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.