View Full Version : Pandora's Box
Public transport infrastructure has been steadily crumbling all these years under some flawed models. Get ready for massive injection of tax payers' money and higher fares in the next few years. Public transportation could be just the tip of the ice-berg.
Fare increases in Singapore lower compared to other cities: Lui
Published on Feb 05, 2013 1:03 PM
By Royston Sim
Public transport fare increases in Singapore over the last few years have been lower than cities such as Hong Kong, London and New York, said Transport Minister Lui Tuck Yew.
Responding to questions from MPs on transport fare hikes over the past few years, Mr Lui told the House that fares here are generally comparable and typically lower than those cities mentioned.
He said: "The Government is fully committed to keeping public transport fares affordable. Indeed, we want to carefully study this issue in greater detail for different income levels and various special groups that may be more vulnerable and will need special help should fares have to be raised."
Mr Lui said public transport fares have been adjusted in small amounts seven times from 2003 to 2012 by the Public Transport Council (PTC).
http://www.straitstimes.com/breaking-news/singapore/story/fare-increases-singapore-lower-compared-other-cities-lui-20130205
Plus a fun song on Pandora's box by Angela Zhang to keep you entertained while you muse over it...:D
http://www.youtube.com/watch?v=ROIvZjABcT8
Public transport infrastructure has been steadily crumbling all these years under some flawed models. Get ready for massive injection of tax payers' money and higher fares in the next few years. Public transportation could be just the tip of the ice-berg.
Fare increases in Singapore lower compared to other cities: Lui
Published on Feb 05, 2013 1:03 PM
By Royston Sim
Public transport fare increases in Singapore over the last few years have been lower than cities such as Hong Kong, London and New York, said Transport Minister Lui Tuck Yew.
Responding to questions from MPs on transport fare hikes over the past few years, Mr Lui told the House that fares here are generally comparable and typically lower than those cities mentioned.
Goodness , the same old comparison and same old strokes.
Why not compared with countries which provide lower fees?
Allthepies
16-02-13, 11:30
Goodness , the same old comparison and same old strokes.
Why not compared with countries which provide lower fees?
Good things you all want to compare with the best countries like swizterland, cost you all want to compare with the most backward countries.
Ha ha there really no such things as all benefits and no costs la.....
look like going to have fare increase this year:scared-2:
phantom_opera
16-02-13, 11:41
Affect temasek bottom line of course must increase fare lah
Our tummysick annual compound return 17pc leh, how to maintain high return if not cutting corners or raise fare
Affect temasek bottom line of course must increase fare lah
Our tummysick annual compound return 17pc leh, how to maintain high return if not cutting corners or raise fare
17% per annual?
so high?>:eek:
phantom_opera
16-02-13, 12:03
singtel ipo valuation go up also is return mah
singtel ipo valuation go up also is return mah
singtel ipo is very long long time ago ,right?
phantom_opera
16-02-13, 12:23
singtel ipo is very long long time ago ,right?
yeah .. u see there were many IPOs back then ...what is critcail is the since inception return, 30y, 20y, 10y and 5y return keep decreasing ... next 10y return if 7% already :cheers1:
http://www.temasek.com.sg/Documents/userfiles/images/TSR_TSR_Large_V2.jpg
Good things you all want to compare with the best countries like swizterland, cost you all want to compare with the most backward countries.
Ha ha there really no such things as all benefits and no costs la.....
Wher did I say to compare with backward countries?
Not only they want to use high cost of certain countries to justify fare increase , and let be specific on this, is there any benefit?
Instead of increase the fare, they should look at the operation model first to optimize before turning the tap for a quick fix solution .
Wher did I say to compare with backward countries?
Not only they want to use high cost of certain countries to justify fare increase , and let be specific on this, is there any benefit?
Instead of increase the fare, they should look at the operation model first to optimize before turning the tap for a quick fix solution .
Manpower is big expenditure. Reduce salary? Cannot. Get cheaper driver from overseas, also cannot. How?
Gov pump in billions to buy buses, also kena wacked by people. Wtf!
some routes can be optimized as I observed
some route s are redudant,
some to be added on urgently
but bus company seem to don't care about thedse
just my observations
Good things you all want to compare with the best countries like swizterland, cost you all want to compare with the most backward countries.
Ha ha there really no such things as all benefits and no costs la.....
Switzerland MRT also catch fire? or break down regularly also like Singapore?
Manpower is big expenditure. Reduce salary? Cannot. Get cheaper driver from overseas, also cannot. How?
Gov pump in billions to buy buses, also kena wacked by people. Wtf!
That something they got to fix it. Primary the ridership increase over the years, not need to further say why, and still can not make enough profit?
some routes can be optimized as I observed
some route s are redudant,
some to be added on urgently
but bus company seem to don't care about thedse
just my observations
Unless u work in the bus company, u are in no position to say they dont care.
Route planning is not simple maths 1+1=2
That something they got to fix it. Primary the ridership increase over the years, not need to further say why, and still can not make enough profit?
If all other factors remain the same, but ridership increase, of course profit goes up. But they dont. Fuel, salary, are up.
If all other factors remain the same, but ridership increase, of course profit goes up. But they dont. Fuel, salary, are up.
The previous hike had considered fuel price when it hit about 120pb. And they had switch to use china driver 2-3 years ago replacing majority of singaporean and Malaysian drivers with china driver command much much lower salaries .
So the factors not same?
The previous hike had considered fuel price when it hit about 120pb. And they had switch to use china driver 2-3 years ago replacing majority of singaporean and Malaysian drivers with china driver command much much lower salaries .
So the factors not same?
These drivers also have annual increment. How about cost of maintenace? Cost of replacement parts?
These drivers also have annual increment. How about cost of maintenace? Cost of replacement parts?
I think the contention there is not profit or loss but rather profit to xx percentile . .
Who don know there are operation cost and cost is going north?
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