Relating to SMRT's Corp Ltd latest FY11 results,
Significant capital expenditure ahead in FY2012. SMRT is planning significant capital expenditures for FY2012 in the amount of S$600m where half (S$300m) will be used to purchase 17 new trains for the North-South and East-West lines, a third ($S200m) for a fleet of new taxis and 50 buses, and the remainder will be used to take over the operating assets related to the Changi Airport Extension and Dover MRT station. SMRT will most likely have to seek funding and loans for at least S$200m to support this capex plan.
so are the 50 buses procured? or only in planning stages?
and is changi airport MRT having an extension? to where?
and also:
Higher rental and advertising revenue to offset weaker ridership revenue. Going forward, while Management expects the lower average fares from the implementation of distance fares to continue negatively impacting group revenue in 1QFY2012, we foresee a pickup in rental and advertising revenue to offset this decrease
they claimed DBTF is eating into revenue?
wait wait wait
MRT trainset dun belong to them.
DBTF has eaten into avg fares, more commuters but they've diluted your avg.
SMRT has to pay for the depreciation cost of the trains they use, I believe.
i suxx