Land Transport Authority (LTA) will pay $1 billion to SMRT Trains Limited (SMRT Trains) to purchase the latter's operating assets under the New Rail Financing Framework (NRFF) after discussions concluded for the transition of the North-South and East-West Lines (NSEWL), the Circle Line (CCL) and the Bukit Panjang LRT (BPLRT). The transition which took five years [...]
The post LTA to pay SMRT $1 billion for its operating assets under the new NRFF appeared first on The Online Citizen.