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[h=3]Worker's Party's idea on transport comes to the fore....[/h]http://singaporemind.blogspot.com/2012/05/workers-partys-idea-on-transport-comes.html
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During the 2011 General Election, WP released a manifesto that proposed we re-nationalize our transport system combine rail and bus to create operating efficiency and savings by cutting down on management overheads.
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In the 2012 Budget, our transport ministry proposed to allocate $1.1B to SBS Transit for the purchase of buses[Link]. Recently, the LTA announced that it will finance part of $900M cost to upgrade the required to upgrade the SMRT system. Analysts believe that the upgrade will strain SMRT's financial health unless LTA finance a significant part of the $900M. It is always controversial for govt to inject money into private companies that are still paying dividends to shareholders. How do we account for this money? How much profit should the transport companies be allowed to make after receiving govt funding?
The $1.,1B to be used for buying buses is double the entire capitalization of SBS Transit of $521M. The govt can buy the entire bus company privatize it and still have some spare.change.
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<DL id=comments-block class=avatar-comment-indent><DT id=c5713059750509886182 class=comment-author>Lye Khuen Way said... <DD id=Blog1_cmt-5713059750509886182 class=comment-body>Like Lucky, I disagree with Anon 17:56 that it is only right that LTA step in to inject money.
The logical and widely adopted model worldwide is Not to privatize these public services.
Whether it was WP's idea or some others, the Authority ought to have thought through and re-organized the SBS /SMRT & ComfortDelgro when signs of dis-function start appearing years ago. Way before the floodgate was opened for the so called FTs.
</DD></DL>
<DL id=comments-block class=avatar-comment-indent><DT id=c3573301253103419598 class=comment-author>Anonymous said... <DD id=Blog1_cmt-3573301253103419598 class=comment-body>"Going forward, the govt can't just keep injecting money into these private companies to ensure they maintain their service standards and don't falter with poor maintenance."
Lucky Tan
Why can't?
Going forward, do you think there will be a better alternative to the PAP?
Or rather not you, but the majority 60%?
</DD></DL>
<DL id=comments-block class=avatar-comment-indent><DT id=c553689718451732968 class=comment-author>Anonymous said... <DD id=Blog1_cmt-553689718451732968 class=comment-body>The problem is the WP may have good ideas, Lucky Tan may have good ideas, BUT they simply cannot be the govt!
WP because they don't win enough seats, and worse even lost one after they had won! And lost not through elections!
And Lucky Tan did not even want to contest last GE!
So like that how to put their good ideas into action??
</DD></DL>
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During the 2011 General Election, WP released a manifesto that proposed we re-nationalize our transport system combine rail and bus to create operating efficiency and savings by cutting down on management overheads.
...
In today's Today (3 May), it was reported that analysts examining SMRT's financial statement and the expenditure needed for upgrades and maintenance feel that there may be a need to re-nationalize the SMRT:
The $1.,1B to be used for buying buses is double the entire capitalization of SBS Transit of $521M. The govt can buy the entire bus company privatize it and still have some spare.change.
<
<DL id=comments-block class=avatar-comment-indent><DT id=c5713059750509886182 class=comment-author>Lye Khuen Way said... <DD id=Blog1_cmt-5713059750509886182 class=comment-body>Like Lucky, I disagree with Anon 17:56 that it is only right that LTA step in to inject money.
The logical and widely adopted model worldwide is Not to privatize these public services.
Whether it was WP's idea or some others, the Authority ought to have thought through and re-organized the SBS /SMRT & ComfortDelgro when signs of dis-function start appearing years ago. Way before the floodgate was opened for the so called FTs.
</DD></DL>
<DL id=comments-block class=avatar-comment-indent><DT id=c3573301253103419598 class=comment-author>Anonymous said... <DD id=Blog1_cmt-3573301253103419598 class=comment-body>"Going forward, the govt can't just keep injecting money into these private companies to ensure they maintain their service standards and don't falter with poor maintenance."
Lucky Tan
Why can't?
Going forward, do you think there will be a better alternative to the PAP?
Or rather not you, but the majority 60%?
</DD></DL>
<DL id=comments-block class=avatar-comment-indent><DT id=c553689718451732968 class=comment-author>Anonymous said... <DD id=Blog1_cmt-553689718451732968 class=comment-body>The problem is the WP may have good ideas, Lucky Tan may have good ideas, BUT they simply cannot be the govt!
WP because they don't win enough seats, and worse even lost one after they had won! And lost not through elections!
And Lucky Tan did not even want to contest last GE!
So like that how to put their good ideas into action??
</DD></DL>
