Details of Rail Financing Model Proposed by SMRT

Debated in Parliament on 7 Jul 2014.

Summary written by AI (learn more)

Gerald Giam asked the Minister for Transport for details on SMRT’s proposed rail financing model.
Lui Tuck Yew stated that discussions between SMRT and LTA are confidential and he cannot disclose the proposal details.
He noted a significant gap between SMRT’s expectations and LTA’s position, with LTA emphasizing that SMRT’s business valuation must account for existing assets and future capital expenditure obligations under current licenses.

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Full Transcript

Gerald Giam Yean Song

Mr Gerald Giam Yean Song asked the Minister for Transport what are the details of the Rail Financing Model proposal submitted by SMRT.

Lui Tuck Yew

Discussions between SMRT and LTA on the transition to the new rail financing framework are confidential and, hence, I am unable to disclose the details of SMRT's proposal. However, I understand that there remains a wide gap between SMRT's expectations and LTA's position. One of LTA’s considerations is that the valuation of SMRT's business must take into account not only the value of the existing assets SMRT owns, but also its current and future capital expenditure obligations, as required under the existing licences.

Page: 153

Details of Rail Financing Model Proposed by SMRT | PAPERCUTS

Details of Rail Financing Model Proposed by SMRT

Debated in Parliament on 7 Jul 2014.

Summary written by AI (learn more)

Gerald Giam asked the Minister for Transport for details on SMRT’s proposed rail financing model.
Lui Tuck Yew stated that discussions between SMRT and LTA are confidential and he cannot disclose the proposal details.
He noted a significant gap between SMRT’s expectations and LTA’s position, with LTA emphasizing that SMRT’s business valuation must account for existing assets and future capital expenditure obligations under current licenses.

Questions identified by AI (learn more)

Full Transcript

Gerald Giam Yean Song

Mr Gerald Giam Yean Song asked the Minister for Transport what are the details of the Rail Financing Model proposal submitted by SMRT.

Lui Tuck Yew

Page: 153

Details of Rail Financing Model Proposed by SMRT

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Lui Tuck Yew

Summary

Questions Identified

Details of Rail Financing Model Proposed by SMRT

Summary

Questions Identified

Full Transcript

Gerald Giam Yean Song

Lui Tuck Yew

Summary

Questions Identified