Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
[Press Release] Limited Tender for Thomson-East Coast Line Operator Licence in 1Q2017
Limited Tender for Thomson-East Coast Line Operator Licence in 1Q2017, with a Pilot Framework to Encourage Outperformance in Key Areas
News Releases 4 Nov 2016

1. Construction of the Thomson-East Coast Line (TEL) is progressing well and on track to complete in stages starting 2019. The Land Transport Authority (LTA) will conduct a limited tender for the TEL Operator Licence in 1Q2017.

Framework for the TEL Operator Licence

2. The TEL is our most complex rail project to date. First, it will be developed in tandem with multiple other projects. On its northern end, it will have an interchange with the future Johor Bahru-Singapore Rapid Transit System Link. On its eastern end, feasibility studies are on-going for a connection with the future Changi Airport Terminal 5 and the existing Changi Airport MRT station. Second, the TEL will open in five stages over a number of years. This is so that commuters who live along the TEL can benefit from it as soon as each phase is completed, rather than waiting for the entire line to be ready.

3. All this places the TEL in a unique situation where projection of ridership and fare revenues in the initial years will be much more uncertain and challenging than earlier train lines. The New Rail Financing Framework (NRFF), where tenderers share fare revenue and cost risks with the Government and bid on the licence charge for the right to operate the train line, may therefore result in bids which are unfavourable to the Government, as the tenderers may factor in a significant risk premium.

[Read More]

Possibly Related Threads...
Thread Author Replies Views Last Post
  [Tender Notice] Tender Notice & Discussions (Jan 2019 onwards) A380Lover 69 24,263 29 March 2020, 08:14 PM
Last Post: A380Lover
  Possible New MRT Line emoh 3 5,486 12 June 2019, 08:31 PM
Last Post: emoh
  [Press Release] New Addition to North-South Line: Canberra Station A380Lover 2 2,489 29 May 2019, 07:01 PM
Last Post: C151andC651SuperAUTTP
Sad [Tender Notice] Tender Notice & Discussions (Jan 2016 - Dec 2018) A380Lover 198 73,857 28 December 2018, 08:36 PM
Last Post: A380Lover
  [News Article] North-East Line, Sengkang and Punggol LRTs to move to new financing framework A380Lover 0 15,213 14 February 2018, 07:55 PM
Last Post: A380Lover
  [Press Release] Factsheet: Status of Construction of the Thomson-East Coast Line A380Lover 0 8,600 10 November 2017, 04:33 PM
Last Post: A380Lover
  [Press Release] LTA Awards Final Construction Contract for Circle Line 6 A380Lover 0 7,832 10 November 2017, 04:05 PM
Last Post: A380Lover
  [News Article] North-South, East-West lines will ‘likely’ see shortened operating hours on weekdays: C151 - 061/062 0 7,473 08 November 2017, 08:23 AM
Last Post: C151 - 061/062
  [News Article] Thomson-East Coast Line could be extended to connect to Changi Airport A380Lover 7 6,382 29 April 2017, 09:49 AM
Last Post: xavier2002
  [Tender Notice] Tender Notice & Discussions (Jan 2017 - Dec 2017) A380Lover 4 7,125 06 March 2017, 07:32 PM
Last Post: A380Lover

Forum Jump:

Users browsing this thread: 1 Guest(s)