SMRT – BT
SMRT to spend S$900 mln to renew, upgrade systems
Public transport operator SMRT Corp said on Tuesday it will spend S$900 million (US$720 million) on renewal and preventive maintenance to address problems that have led to numerous train breakdowns in recent months.
Most of the work will be done over the next four years, SMRT said.
"Some of the measures are already on-going and will be accelerated, while others are new," interim chief executive officer Tan Ek Kia said in a statement.
SMRT said it was discussing cost-sharing arrangements with the Land Transport Authority.