Revise rail financing model to offset losses: NTUC leader

Talks with LTA to keep operators motivated amid revenue/costs concerns: Melvin Yong

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.
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.

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.

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A version of this article appeared in the print edition of The Straits Times on August 31, 2019, with the headline 'Revise rail financing model to offset losses: NTUC leader'. Print Edition | Subscribe