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[News Article] Business risks set to be lower, but challenges remain: SMRT chief
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Business risks set to be lower, but challenges remain: SMRT chief
From: Straits Times
By: Christoper Tan
Date: 16/09/16

SMRT Corp will face lower business risks when the new rail financing framework kicks in next month, but chief executive Desmond Kuek said the rail operator will still face challenges.

"Clearly, it will be a lower risk environment compared with the current arrangement," he said. "There are risk-sharing mechanisms that are not in existence under the current financial framework."

"No business is risk-free," Mr Kuek conceded during an interview with the press yesterday.

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