http://www.channelnewsasia.com/stories/singaporelocalnews/view/348992/1/.html
SMRT adds 700 extra train trips a week, costing it S$5m annually
SMRT promises that there will be a train arriving every five minutes when trains are packed.
The additional train trips are expected to cost SMRT an additional S$5 million yearly.
From SMRT’s website, the company earned $135.4 million profits after tax for financial year 2007, up from $103.4 million in 2006, and has been steadily rising since 2002. Do factor in all the increases in fares for commuters. 700 trains costs only $5 million a year? Even if that figure already takes into account the probable increased ridership due to space being available on the train, it is still measly compared to the profits, especially when profits rose by $33 million from a year ago. Point is, this 700 train trips should have been added ages ago.
