For subscribers
Revise rail financing model to offset losses: NTUC leader
Talks with LTA to keep operators motivated amid revenue/costs concerns: Melvin Yong
Sign up now: Get ST's newsletters delivered to your inbox
NTUC assistant secretary-general Melvin Yong (centre) said in a blog post earlier this week that recent losses incurred by rail operators are "at odds" with the objectives of the New Rail Financing Framework.
PHOTO: COURTESY OF MELVIN YONG.
Christopher Tan Senior Correspondent, Christopher Tan
NTUC assistant secretary-general Melvin Yong is calling for the year-old New Rail Financing Framework (NRFF) to be revised to ensure rail operators remain motivated in a period of diminishing profitability.
He revealed that discussions with the Land Transport Authority (LTA) are under way.
