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Taipei MRT - no fare increases in 15 years and yet profit S$15m in 2010

ginfreely

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Singapore's MRT? Profit S$131m in 2010 - SMRT S$113.5m, SBS $17.5m

Hong Kong MTR? Profit S$1.9b in 2010.

Extracts of the article on Taipei subway:
"Despite charging low fares, the Metro - which the local people call jie yun - manages to stay in the black year after year after turning profitable in 1998.....And all these have come without sacrificing efficiency or safety. Trains arrive every two minutes during rush hours and every five minutes during off-peak hours."

"It is run by the Taipei Rapid Transit Corporation (TRTC), a company almost wholly owned by the Taipei city government, the central government's transportation ministry as well a sthe government of New Taipei City, which surrounds Taipei.....Passenger satisfaction rates have consistently stayed above 90 percent, hitting 94.7 per cent last year, according to surveys commissioned by TRTC."

Extracts of the article on HK MTR:
"In March, Hong Kong's subway operator, MTR Corp angered commuters when it raised fare by 2.3 percent, second increase in two years:

"MTR Corp was simply following a legislated mechanism for public transport companies to adjust their fares in line with rising inflation and wage indexes"....the increase was lower than the inflation rate - 5.6 per cent in June - and followed a steep 13 percent fare cut three years ago."

"MTR Corp is in a dilemma...As a listed company it must maximise profits for shareholders, while as a public utility it must serve the public's interests."

Source: Straits times 20 Aug 11 (page C12 and 13)
 
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Watchman

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Singapore allow shoddy works to be awarded to Malaysian Contractors .
In return for some properties there.
Do investigate all properties owned by SMRT acquisition personnels .
 

tomoko

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Such a shame for SMRT

skybox20110820_01.jpg

skybox20110820_04.jpg
 

myo539

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If the MRT fare in Taiwan is increased, you will see the MPs literally fight tooth and nail in Parliament.
 

Conqueror

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Privatisation Is An Excuse To Dispossess The People

Many years ago, I saw privatisation as a form of conman's trickery to dispossess the people. Why am I buying my own TV set ? Where has the money gone to when stocks are issued to rich locals and foreigners to lay their hands on OUR PROPERTIES ?

  • Singtel previously known as Singapore Telecom
  • SBS
  • TIBS
  • SIA ?

What was a public work that belongs to the people had become the elites money making machine. But, the people get nothing. I'm sure there are secret associated companies created by the fascist that work specially for the gov stats or companies even. Is that how they launder the money from the coffer ?
 

saratogas

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Re: Privatisation Is An Excuse To Dispossess The People

Genius way of gahment dusting off liability & responsiblity to the public...
 

Varuna

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Re: Privatisation Is An Excuse To Dispossess The People

If Taiwan can do it, we also can do it, just that ours want to do better than them. They have 2 figure profit, we must have 3 figure mah! :biggrin:
 

sense

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SMRT is privatised company, earning more money is their 1st priority.
The 2nd priority when they can't make enough money is to beg the Govt to force their residents to pay more to cover their losses. The strange thing is that it worked, ie. the Govt says yes, let's do it! That's why we need an EP who believed and can practise in the principles of a moral compass...
 
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GOD IS MY DOG

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the Taiwanese govt also want to increase fares but scared the people riot mah...............


Taiwanese got balls......................S'poreans got none.................

that's why we kana bully by PAP mah.............
 

ginfreely

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the Taiwanese govt also want to increase fares but scared the people riot mah...............


Taiwanese got balls......................S'poreans got none.................

that's why we kana bully by PAP mah.............

Heard that the Taiwanese govt also wanted to build a casino at Penghu but had to give up after the people there object?! The Taiwanese are so democratic!
 

ginfreely

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Re: Privatisation Is An Excuse To Dispossess The People

If Taiwan can do it, we also can do it, just that ours want to do better than them. They have 2 figure profit, we must have 3 figure mah! :biggrin:

Haha whoever approving the MRT fare increase should ask this question to SMRT: how much profit you want to make - 2 figure? 3 figure or 4 figure millions?

And they must ask in the same manner as VB had asked the poor on what kind of meals they want to take - hawker centre or restaurant? Must follow the lead of our wise leader mah!
 
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ginfreely

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If the MRT fare in Taiwan is increased, you will see the MPs literally fight tooth and nail in Parliament.

No increases in fares for 15 years proves that it is not so bad to have MPs fighting tooth and nail in Parliament afterall!
 

Cestbon

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Asset
SMRT fare will go up next year again. Why?
1. New security cost and fine>> SMRT need to cover cost
2. New station>> all Circle line will operate. This will increase cost because more train will be operate.

Please be prepare for new fare increase next year.

Taxi fare increase is in the discussion now.
 
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