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.

[hkh]

I think we should trace the problem back to it's creator.... if someone had really considered these negative impacts due to the increase in population....then we don't need to spend this sum of money to buy the buses....

[globalcookie]

Aiya, despite public funds going towards buying of 550 buses, e bus operator will still up fare, claiming... higher overheads for 1,100 extra drivers (2 shifts), higher fuel cost, more parking bay needed, blah blah blah.

Today's public transport network is a lot more jam packed. There are also more commuters during off peak hours than 10yrs ago. This translate to higher revenue, higher profit.

Does the gov have a share in these operators?

[KAO LUO]

Originally Posted by loveikan

When that happen, there will be more red tape, rules and regulations.

good earn business all they join one leg !! haha ...who the big share holder in Spore Smrt !! SBS .. LAST TIMEwe call this ..

[six0one]

seems to me the familee business is at work. Tax payer money going into private institution part-owned by the garmen investment company which is run by familee members...
they way I see it, its time to buy Comfort Delgro and SMRT shares. Heck, I think that's the only way to "get back" what they've taken from you....

[KAO LUO]

wa...... how about SINGTEL .. START Hub .. and M1 ,,,,, who bigger shareholder .... company name bo shaing ...

[smellyfish]

Originally Posted by globalcookie

Aiya, despite public funds going towards buying of 550 buses, e bus operator will still up fare, claiming... higher overheads for 1,100 extra drivers (2 shifts), higher fuel cost, more parking bay needed, blah blah blah.

Today's public transport network is a lot more jam packed. There are also more commuters during off peak hours than 10yrs ago. This translate to higher revenue, higher profit.

Does the gov have a share in these operators?

they say part of the money going towards operation and maintenance as well. it's effective publictizing 550 buses within a privatized framework. Which is nonsense from a principle and ideology point of view, but they say principles do not matter, and they are being pragmatic. I agree with the pragmatism, but think they really should start listening to Gerald Giam.

govt through temasek will surely have a share.

[KAO LUO]

temasek ?
WHO BIGGER shareholder ? temasek under pte company or gov't ?

[BubbleBubble]

Report to MOF meaning govt lor. Ha...

[KAO LUO]

simi MOF .. mother of father ??