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

Published Fri, Apr 29, 2016 · 09:50 PM
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Singapore

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 the North- South and East-West train systems are expected to be completed by 2019, added Mr Kuek.

"One of the things we are looking for in a more sustainable rail financing framework is to manage the risk of fare revenue, beca…

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