For those of you who follow my posts, you would know that I have completely divested from SMRT in Jan this year. See
My Singapore Stock Portfolio End January 2012. This is followed by more news which confirms my decision such as the new $900mil Capex to replace components and systems on the NSEWL. The committee formed to look into the problems and also subsequent fare reviews is also a big question mark. Granted that fare reviews are definitely necessary given the aging trains, rails systems, fare adjustments are also a political minefield which affects a huge number of Singaporeans. Given the new strength of the opposition party and the discontent with the current ruling party, it is probably very tough to find a delicate balance between the running SMRT efficiently and profitably while still keeping the population happy.
The recent article by Edge “More stringent service standards at SMRT ...
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