Public transport is the centerpiece of Singapore's land transport system and helps manage congestion and maintain a high quality urban environment. It is operated by two main companies, SBS Transit and SMRT Corporation, and kept affordable through government infrastructure funding while operators cover operational costs. Regulation by the Land Transport Authority and Public Transport Council protects commuters' interests while ensuring the long-term viability of the transport system, such as by approving fare revisions that allow operators to cope with rising costs.
Public transport is the centerpiece of Singapore's land transport system and helps manage congestion and maintain a high quality urban environment. It is operated by two main companies, SBS Transit and SMRT Corporation, and kept affordable through government infrastructure funding while operators cover operational costs. Regulation by the Land Transport Authority and Public Transport Council protects commuters' interests while ensuring the long-term viability of the transport system, such as by approving fare revisions that allow operators to cope with rising costs.
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Public transport is the centerpiece of Singapore's land transport system and helps manage congestion and maintain a high quality urban environment. It is operated by two main companies, SBS Transit and SMRT Corporation, and kept affordable through government infrastructure funding while operators cover operational costs. Regulation by the Land Transport Authority and Public Transport Council protects commuters' interests while ensuring the long-term viability of the transport system, such as by approving fare revisions that allow operators to cope with rising costs.
Copyright:
Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPTX, PDF, TXT or read online from Scribd
• SMRT Corporation Public Transport Keeping it affordable:
• Development of infrastructure funded by
government • Operators bear the operating and maintenance costs, and investments in service improvements • Helps to ensure that services provided are relevant and companies have the incentive to operate efficiently Regulation to Safeguard Commuters’ Interests
• Regulation is important due to a restricted
number of service providers and constraints to market competition • Regulated by Land Transport Authority and Public Transport Council Regulation to Safeguard Commuters’ Interests • PTC ensures that commuters’ interests are protected while maintaining the long-term viability of the transport system • Approves the public transport fare revisions • Allows public transport operators to cope with inflation and increases in wages