LTA to move SBS Transit, SMRT bus services into 11 packages worth S$7.2b
From Sept 1, SBS Transit will operate 8 packages worth S$5.3b, SMRT Buses to have 3 packages worth S$1.9b
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE'S Land Transport Authority (LTA) has struck a deal with SBS Transit and SMRT Buses to run 11 packages of bus services for about S$7.2 billion.
The contract sums, paid by LTA to run the existing 273 bus services, were arrived at through negotiations with the operators, said LTA on Thursday evening, after the close of trading. Both operators have welcomed the move.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Beijing’s calculated silence on the Iran war
Middle East-linked energy supply shocks put Asean Power Grid back in focus
