SMRT has previously expressed interest in changing to a financing - TopicsExpress

SMRT has previously expressed interest in changing to a financing framework that was introduced by the government in 2010. Under this system, the government would own the assets, and be responsible for replacing them. I dunno what to make out of this latest call from SMRT. The SMRT was built using public fund. It then went private, got listed and run as a profit making business. In the meantime, the money spent on the infrastructure, the land, did not become part of the computation of cost. And SMRT has been making millions annually and paying its management staff handsomely because of the great profits. Do you think this is ok?

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