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Govt to assume revenue risk for upcoming Thomson-East Coast Line

Friday, November 4, 2016 - 23:39

[SINGAPORE] The operator of the upcoming Thomson-East Coast MRT line (TEL) will be the first to run a rail service similar to the government bus contracting model.

That is, a successful bidder will operate the line for a fixed sum over a fixed period, while the Government collects fare revenue.

Read the full story here.

sentifi.com

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