First bus package up for tender
The first bus package under the new Government Contracting Model (GCM) was put up for tender by the Land Transport Authority (LTA) on Friday at noon.
Both local and foreign bus operators may bid for the right to operate the package, which will include 26 bus routes to be progressively implemented from the second half of 2016.
The 26 bus services will originate from three bus interchanges - Bukit Batok, Clementi and Jurong East - and terminate at five bus interchanges - Bedok, Boon Lay, Marina Centre, Shenton Way, and Toa Payoh.
The buses are to be operated out of the new Bulim Bus Depot located off Jurong West Avenue 2, which can accommodate about 500 buses.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
Brokers’ take: SAC Research initiates ‘buy’ on Soilbuild with S$0.04 target
Scoot begins flights with Embraer E190-E2 jet
VinFast’s EV ambitions get a reality check as shares plunge 65%
Boeing probed in US over possible falsified records on 787
Tesla lays off more staff in software, service teams, Electrek reports
GLP says 2025 bond repayment sources identified