Study: Singapore's public transport system one of world's most efficient
Published on Jun 2, 2014 4:43 PM
SINGAPORE - Singapore has one of the most cost-efficient public transport networks in the world, according to a study released on Monday.
Conducted by London consulting firm Credo, the study sought to calculate the "economic cost" of inefficient transport to the economies of 35 cities, as well as the economic benefits of investing in transport.
It derived the cost of commuting using factors such as journey time, fares, crowding levels, and ease of using the network. The more efficient a transport network, the lower the impact on productivity.
The study found that in Singapore, the economic cost of transport to an individual commuter is 8.9 per cent of Gross Domestic Product (GDP) per capita.
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