Singapore to spend $14 bn to boost rail network
Singapore will spend about S$20 billion ($14 billion) to build two new subway lines and a few extensions to double the length of the city-state's rail network by 2020, local media reported on Saturday.
By Agencies |
SINGAPORE:Singapore will spend about S$20 billion ($14 billion) to build two new subwaylines and a few extensions to double the length of the city-state's rail networkby 2020, local media reported on Saturday.
The investment figure,announced by Transport Minister Raymond Lim on Friday, is the second instalmentof the changes arising from the government's land transport review, and is overand above the S$20 billion already committed for ongoing extensions. "Togetherwith the rail lines now under construction, the new rail lines will double ournetwork from today's 138 km to 278 km in 2020," Lim was quoted as saying in amedia report. "We expect our rail network to carry three times as many journeys,rising from today's 1.4 million a day to 4.6 million in 2020." The two newunderground mass-rapid transit lines will be built to connect the southern endof the city-state to the north and also the east.
Singapore -- one of the mostdensely populated countries with a land area of about 704 square kilometres --said earlier this year it wanted to boost its population to 6.5 million incoming decades to further broaden its economy. SMRT Corp., thecity-state's dominant rail operator, has expressed confidence that it was"well-positioned" to compete in the tender to operate services on the two newrail lines, the Straits Times reported on Saturday.
The company, 54.6 percentowned by state investment firm Temasek Holdings also operates bus and taxiservices. SBS Transit Ltd , 75 percent-owned by ComfortDelgro, runs theNorth-East subway line and is the dominant public bus operator.
The investment figure,announced by Transport Minister Raymond Lim on Friday, is the second instalmentof the changes arising from the government's land transport review, and is overand above the S$20 billion already committed for ongoing extensions. "Togetherwith the rail lines now under construction, the new rail lines will double ournetwork from today's 138 km to 278 km in 2020," Lim was quoted as saying in amedia report. "We expect our rail network to carry three times as many journeys,rising from today's 1.4 million a day to 4.6 million in 2020." The two newunderground mass-rapid transit lines will be built to connect the southern endof the city-state to the north and also the east.
Singapore -- one of the mostdensely populated countries with a land area of about 704 square kilometres --said earlier this year it wanted to boost its population to 6.5 million incoming decades to further broaden its economy. SMRT Corp.
The company, 54.6 percentowned by state investment firm Temasek Holdings also operates bus and taxiservices. SBS Transit Ltd , 75 percent-owned by ComfortDelgro, runs theNorth-East subway line and is the dominant public bus operator.
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