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(24-05-2014, 08:09 PM)freedom Wrote: What's exactly the reason of poor quality of service? It is mostly because the huge influx of foreigners instead of the poor maintenance of the public transport service providers.
Before, it was very common for train to run at 6 minutes per train kinda frequency. Now 2 minutes is considered the standard. It puts great pressure on the infrastructure and the public transport service provider, yet the government does not allow the fare adjustment.
Why is fare increase an issue here? Ya, higher freq, more costs more trains, more drivers, more wear and tear, but isn't it correspond with more fare? I drive, but 5 years ago, it is already packed even with 2 min freq? Taiwan train is not even half as pack now.
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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26-05-2014, 03:14 PM
(This post was last modified: 26-05-2014, 04:00 PM by freedom.)
The private investors have given the government the middle finger if you notice that the share price of the public transport service providers has gone down all the way. If the government wants the shareholders of the private transport service providers to bear the cost to continue to operate the service, it can collect them in the bankruptcy court and clean the mess after everything broke down eventually. I doubt that Temasek will sink any more fund into the companies to bear never-ending loss of operator ship and unsatisfied demand from the government and the public. It will cost a fortune for the government to take over the assets of the public transport service providers as the government has no guts of Argentine to nationalize them and wipe out private investors. It can strip the operator ship from current transport service providers and then buy the operating assets outright. It could be ugly. The easier way out will be that the government approves the new finance model and take over most of the operating assets which the public transport service providers do not wish to own, such as rail track and the trains(huge cost to own and maintain). The stations are good assets(good income generating and less costly to own) the public transport service providers probably will not sell or ask a hefty price to let them go. Then the government can let the private operators to compete and operate. Still, the less profitable or loss ones will not be bid by the operators without bundling together with the good ones. LRTs could be abandoned by the two major transport providers, so could be certain bus routes they don't wish to own.
The winning public transport service providers will be worth much more than before, thought they might not be SMRT or SBS Transit.
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26-05-2014, 03:30 PM
(This post was last modified: 26-05-2014, 03:31 PM by CY09.)
To buyback the leases of Sbs and smrt for interchanges, depots will be close to a few hundred million. Then we have the buses which is a billion. Will be interesting times after 2016. Did I forget to mention we have the rail financing framework to pay too?
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News on the first Bus Service Contracting Package.
http://infopub.sgx.com/FileOpen/LTA%20NE...eID=299206
"The first package of public bus services will comprise 24 existing bus services originating from the Jurong East, Bukit Batok and Clementi Bus Interchanges, to be operated out of the new Bulim bus depot located off Jurong West Avenue 2. The bus services will serve largely the Jurong East and Bukit Batok areas. This package will start with about 380 buses in 2016, before growing to about 500 buses in 2021, in tandem with ridership growth and the development of Tengah New Town and Bukit Batok West. The package will be tendered out in the second half of 2014, for implementation from the second half of 2016."
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is SBS going to lose the valuable advertising business?
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Market has been focusing on PTOs being asset-light ie higher ROE... but I'm more concerned that they will become business-light as well...
http://www.valuebuddies.com/thread-197-p...l#pid83597
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http://www.businesstimes.com.sg/premium/...2-20140813
PUBLISHED AUGUST 13, 2014
SBS Transit's Q2 net profit up 57.2%
BYMINDY TAN
tanmindy@sph.com.sg @MindyTanBT
Daily ridership up: Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously. - FILE PHOTO
SBS Transit's second-quarter net profit rose 57.2 per cent to S$4.96 million, from S$3.16 million a year ago.
A tax-exempt one-tier interim dividend of 1.25 cents per ordinary share was declared, payable on Aug 27. This compares with 0.90 cent for the previous corresponding period.
For the quarter under review, revenue rose 12.3 per cent, from $209.34 million to S$235.13 million.
Revenue from the bus segment was 10.3 per cent higher at S$186.3 million, compared with S$168.9 million previously, as a result of an increase in average daily ridership (by 3 per cent to 2.73 million passenger trips) and average fare, higher rental revenue at interchanges, increase in advertising sales and higher other operating income.
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http://www.businesstimes.com.sg/companie...62-at-s57m
SBS Transit Q3 profit up 62% at S$5.7m
Bus and rail businesses saw higher average daily ridership and average fare
By
Samuel Eesamuelee@sph.com.sg
13 Nov5:50 AM
Singapore
SBS Transit's (SBST) net profit for the third quarter ended Sept 30, 2014, jumped 62.2 per cent to S$5.75 million as both its bus and rail businesses rode on higher average daily ridership and average fare, higher advertising sales and higher rental from renewals.
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Applications submitted...
http://businesstimes.com.sg/transport/pu...djustments
Public transport operators seek fare adjustments
By Kelly Tay kellytay@sph.com.sg@KellyTayBT
19 Dec 7:41 PM
SBS Transit has submitted its application to the Public Transport Council (PTC) seeking bus and rail fare adjustments "amidst an environment of rising costs".
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(19-12-2014, 09:00 PM)greentea Wrote: Applications submitted...
http://businesstimes.com.sg/transport/pu...djustments
Public transport operators seek fare adjustments
By Kelly Tay kellytay@sph.com.sg@KellyTayBT
19 Dec 7:41 PM
SBS Transit has submitted its application to the Public Transport Council (PTC) seeking bus and rail fare adjustments "amidst an environment of rising costs".
I moved the post to SBS Transit thread, rather stays in SMRT thread.
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