Public transport infrastructure has cost the government several billion dollars. Here are some figures that come to my mind:
a) Bus Service Enhancement Program $1 billion
b) Purchase of rolling stock from SMRT - $1 billion
c) Privatization of SMRT - $1 billion
d) Satelite based ERP system - $556 million.
When it comes to new MRT lines, it is $10 to $20 billion for each line.
$1 billion here, $1 billion here. $10 billion here. $10 billion there. We are talking of billions not hundreds of dollars. This government spends billions as if they print money.
Actually, they print paper COE and collect billions (it is $5 billion in a year). That is a wonderful mechanism. The only problem is - it is wasteful, jacks up the cost of living and the cost of doing business.
No wonder. We are now the most expensive city in the world.
a) Bus Service Enhancement Program $1 billion
b) Purchase of rolling stock from SMRT - $1 billion
c) Privatization of SMRT - $1 billion
d) Satelite based ERP system - $556 million.
When it comes to new MRT lines, it is $10 to $20 billion for each line.
$1 billion here, $1 billion here. $10 billion here. $10 billion there. We are talking of billions not hundreds of dollars. This government spends billions as if they print money.
Actually, they print paper COE and collect billions (it is $5 billion in a year). That is a wonderful mechanism. The only problem is - it is wasteful, jacks up the cost of living and the cost of doing business.
No wonder. We are now the most expensive city in the world.
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