13 Jun '11, 10am

Buses and trains make policy U-turn

Buses and trains make policy U-turn

I believe the overarching idea of operating transport services as commercial concerns has not changed, but the content of the commerce is being modified, in a direction somewhat like Hongkong: transport companies are allowed to utilize their real estate to generate income in order to subsidize the public service component. For some time SMRT has been adding shopping/F&B space to its underground passages; if the operators are also allowed to construct offices next to or on top of MRT stations/bus interchanges, they would be able to derive additional income, without paying the high land cost a property company will need to pay to use similarly located land. Another Hongkong idea that SG might find it worthwhile to follow is (from my article on a different topic http://singazen.com/singapore_inc/investment_and_immigration ) “I recall the Hongkong minibus system, that fit some...

Full article: http://yawningbread.wordpress.com/2011/06/13/buses-and-tr...

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