Singapore government to spend S$1.1 bln on buses

Originally Posted by smellyfish

But you do that they will then try to increase fare. If it is cost neutral to the company, they will have no excuse but roll out the buses.

And in term of what you propose, how is it quicker than what Jo is doing?

The 3% interest suggested is just being cynical. Loan interest rates are low and no harm for interest free loans. But I don't see why the funds for the buses should not be repaid.

With the free buses given, it will of course enable the company to have more resources to meet the demand. Making it as a loan (from the people of Singapore) will however allow the company to remain accountable to the country.

If given free, how can one ensure that the profits will be retained to improve services and not being used to pay out excessive salaries or dividends.

Of course, if the company remains in a loss position, no payment is required.