Profits drive SMRT to excel
-
TRANSPORT Minister Raymond Lim has dismissed the notion that a profit-driven public transport operator cannot provide cheaper, faster and affordable services.
His reasoning: The profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.
He was responding to Ms Denise Phua (Jalan Besar GRC), who asked why the Singapore Mass Rapid Transit (SMRT) operated as a for-profit entity instead of a social enterprise with the goal of providing cheaper, faster and better public transport services.
But Mr Lim said that experiences elsewhere showed that public transport services run by state-owned enterprises - without the profit motive - tended to have higher costs.
The transport authorities in the Australian city of Adelaide, for example, said costs fell almost 20 per cent after public transport operations were privatised.
A 2006 study also showed that the SMRT had the lowest operating costs per passenger among nine other international rail operators - eight of which were state-owned operators, Mr Lim added.
In any case, the SMRT is prevented from over-charging by a strong regulatory price-control framework, and fare increases are capped by a formula administered by the Public Transport Council.
Service and quality standards which operators are expected to meet are in place and are reviewed regularly.
Among steps that the SMRT has taken to improve operations is the increase in the frequency of its trains, with its additional train trips during peak hours and lunchtime.
Such efforts have been recognised: The company recently won the Best Passenger Experience Award at the inaugural Metro Awards 2008, beating finalists such as Copenhagen Metro and MTR Corporation (Hong Kong), said Mr Lim.
TAN WEIZHEN
Propaganda again..deliberately ommiting facts that Hong Kong won the best metro in Asia. Our MRT is also the second most expensive in Asia after Japan
http://www.mrbrownshow.com/2008/04/14/the-mrbrown-show-best-passenger-experience-award/
-
eh... if you guys go check, in tat same award e Best subway operator in Asia is Hong Kong's MTR..
tis dunno wat Best in Passenger Experience is just a side award
-
Originally posted by kilua:
<!-- START OF : div id="storytext"--> <!-- more than 4 paragraphs --> TRANSPORT Minister Raymond Lim has dismissed the notion that a profit-driven public transport operator cannot provide cheaper, faster and affordable services.
His reasoning: The profit motive drives an operator to aim for improvements in efficiency and productivity so as to reduce costs.
He was responding to Ms Denise Phua (Jalan Besar GRC), who asked why the Singapore Mass Rapid Transit (SMRT) operated as a for-profit entity instead of a social enterprise with the goal of providing cheaper, faster and better public transport services.
But Mr Lim said that experiences elsewhere showed that public transport services run by state-owned enterprises - without the profit motive - tended to have higher costs.
The transport authorities in the Australian city of Adelaide, for example, said costs fell almost 20 per cent after public transport operations were privatised.
A 2006 study also showed that the SMRT had the lowest operating costs per passenger among nine other international rail operators - eight of which were state-owned operators, Mr Lim added.
In any case, the SMRT is prevented from over-charging by a strong regulatory price-control framework, and fare increases are capped by a formula administered by the Public Transport Council.
Service and quality standards which operators are expected to meet are in place and are reviewed regularly.
Among steps that the SMRT has taken to improve operations is the increase in the frequency of its trains, with its additional train trips during peak hours and lunchtime.
Such efforts have been recognised: The company recently won the Best Passenger Experience Award at the inaugural Metro Awards 2008, beating finalists such as Copenhagen Metro and MTR Corporation (Hong Kong), said Mr Lim.
TAN WEIZHEN
Propaganda again..deliberately ommiting facts that Hong Kong won the best MTR in Asia. Our MRT is also the second most expensive in Asia after Japan
http://www.mrbrownshow.com/2008/04/14/the-mrbrown-show-best-passenger-experience-award/
US$1.27 in S'pore & US$0.72 in Hong Kong??? sure or notone bus ride in HK from NT to HK Island can easily cost S$4 alrdy...
-
I dont even agree that SMRT should win best passenger experience. so damn bloody crowded and once u enter the station u cant even find a dustbin to throw your rubbish.
-
someone pls shoot raymond lim
I give u free p-member -
Originally posted by ivebeenhad:
I dont even agree that SMRT should win best passenger experience. so damn bloody crowded and once u enter the station u cant even find a dustbin to throw your rubbish.
japan metro had it worse... -
Sg MRT is the best.
Squeeze, squeeze,squeeze.
-
Raymond lim is into making profits, this top his priority list. Public transport should place serving the public first before profit making, this is not so in sg.
I suggest Raymond Lim to go worship money and be slave to money all his life. Raymond, please bring along all your bloodsucking S$ with you to hell when you report there so that none in sg will need to burn hell notes for you.
-
Originally posted by Fantagf:
Raymond lim is into making profits, this top his priority list. Public transport should place serving the public first before profit making, this is not so in sg.
I suggest Raymond Lim to go worship money and be slave to money all his life. Raymond, please bring along all your bloodsucking S$ with you to hell when you report there so that none in sg will need to burn hell notes for you.
he is among the most hated MPs... -
Originally posted by ivebeenhad:
I dont even agree that SMRT should win best passenger experience. so damn bloody crowded and once u enter the station u cant even find a dustbin to throw your rubbish.
The dustbin to throw rubbish one has been asked by an acquaintance of mine before.
He told me that their reply was that it is to prevent terrorists from putting bombs inside (something to that effect). But there are dustbins right outside the station.
-
Originally posted by Rednano:
he is among the most hated MPs...The number of hated MPs is increasing with rising resentment from the people. Please remember people if you want to feed a bunch of bloodsucking people without interest of the locals, please vote PAP.
-
Originally posted by eagle:
The dustbin to throw rubbish one has been asked by an acquaintance of mine before.
He told me that their reply was that it is to prevent terrorists from putting bombs inside (something to that effect). But there are dustbins right outside the station.
Sorry TS, I sidetracked a little. Eagle, have you bought your SMRT shares?? -
The culture is already in place.
Give me more money, then I will work for you.
Otherwise, I don't give a damn.
-
Originally posted by FireIce:
someone pls shoot raymond lim
I give u free p-member
-
Originally posted by Fantagf:
Sorry TS, I sidetracked a little. Eagle, have you bought your SMRT shares??no... not happy with the price at the moment...
was happy with my SPH price... :D
-
Originally posted by FireIce:
someone pls shoot raymond lim
I give u free p-member
ok.i go shoot him with super soaker.
-
Originally posted by charlize:
Sg MRT is the best.
Squeeze, squeeze,squeeze.
Are you referring to communters squeezing in the MRT carriages or commuters being squeeze out of their money? -
Originally posted by maurizio13:
Are you referring to communters squeezing in the MRT carriages or commuters being squeeze out of their money?There are 3 squeezes.
Use your imagination.
-
Originally posted by sbst275:
US$1.27 in S'pore & US$0.72 in Hong Kong??? sure or notone bus ride in HK from NT to HK Island can easily cost S$4 alrdy...
You can also get US$0.72 in K.L.
-
Originally posted by charlize:
The culture is already in place.
Give me more money, then I will work for you.
Otherwise, I don't give a damn.
i think its more like..i give myself money to think of a solution for you, then give myself even more when i implemend one that will work (at least for awhile).
-
Originally posted by sbst275:
US$1.27 in S'pore & US$0.72 in Hong Kong??? sure or notone bus ride in HK from NT to HK Island can easily cost S$4 alrdy...
The cheapest train ride in Hong Kong MTR is HKD 4.00, the current exchage rate is USD 1 = HKD 7.8, HKD 4 = USD 0.51.
http://www.mtr.com.hk/eng/whatsnew/images/single_journey_fare_eng.pdf
-
Originally posted by maurizio13:
The cheapest train ride in Hong Kong MTR is HKD 4.00, the current exchage rate is USD 1 = HKD 7.8, HKD 4 = USD 0.51.http://www.mtr.com.hk/eng/whatsnew/images/single_journey_fare_eng.pdf
Cheapest... take e most ex
HK$23.50
-
Originally posted by sbst275:
Cheapest... take e most ex
HK$23.50
Distance the same?
Anyway I only dispute your claim about the price of USD 0.72 per trip.
Don't sidetrack.
-
Originally posted by maurizio13:
Distance the same?
you go take a lookstarting fare and maximum fare as distance increase
In Hong Kong, short haul journey are like 70% of e price in Singapore, but long haul routes fare can be 200% difference
I've alrdy stated, it can cost for a New Town resident in NT HK$24 for 1 single bus ride from NT to Hong Kong Island
-
Originally posted by sbst275:
you go take a lookstarting fare and maximum fare as distance increase
In Hong Kong, short haul journey are like 70% of e price in Singapore, but long haul routes fare can be 200% difference
I've alrdy stated, it can cost for a New Town resident in NT HK$24 for 1 single bus ride from NT to Hong Kong Island
http://www.mtr.com.hk/eng/lr_bus/bus_rf_index.html
