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SMRT CEO: New rail financing should cover fare-revenue risk

NEW DEAL: Under the NRFF, Temasek-owned SMRT is expected to emerge as an asset-light company and a pure operator.


SINGAPORE'S new rail financing framework (NRFF) should help operator SMRT Corporation shoulder the risk of fare revenue, says SMRT CEO Desmond Kuek, as market speculation that negotiations will be concluded soon gets stronger.

At the same time, ongoing works to upgrade...