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[News Article] North-East Line, Sengkang and Punggol LRTs to move to new financing framework
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North-East Line, Sengkang and Punggol LRTs to move to new financing framework
From: CNA
Date: 14/02/18

SINGAPORE: The North-East Line (NEL), Sengkang LRT and Punggol LRT will transit to the New Rail Financing Framework on Apr 1, completing the transfer of ownership of all rail assets to the Government.

The Land Transport Authority (LTA) said on Wednesday (Feb 14) that this will benefit commuters as there will be "more coordinated and timely expansion, and renewal of the rail system". 

SBS Transit will be granted a 15-year licence to operate the lines until Mar 31, 2033. 

Read more at https://www.channelnewsasia.com/news/sin...ew-9960566
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