SG: Bids for bus contract in

SG: Bids for bus contract in

The LTA has receive bids from 11 companies as part of its public bus contract. This is brilliant news, as there is interest in a field that has been thought of as barely profitable. 4 of the bids are from local firms, 6 are foreign, and 1 is a joint-venture between a local and foreign firm. The winning bidder will be announced in April, and they will be given a year to prepare for operations. They will operate the Bulim package of 26 routes from as early as July 2016. Experts estimate that the five-year contract is worth up to $100 million a year. More route packages will be up for bidding. Currently, SBS Transit and SMRT have nine route packages to run post-expiry of their current operating licences, but in 2021, the two will have to bid and jostle for the rights to run them afterwards.Pictures used for illustration purposes only.

OneShift Editorial Team
OneShift Editorial Team
21 Jan 2015

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