- Joined
- Nov 9, 2010
- Messages
- 80,748
- Points
- 113
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)
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)
Last edited:
