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The 1996 Rail Financing Framework was a scheme that set out the financing framework of the rail transport system. In the white paper, it was phrased that the financing framework of the rail transport system would eventually be run on the basis of partnership, which the government and its regulatory authority would provide the assets and infrastructure (which remain fully owned by the ...
Currently, the ministry commissions and regulates four individual government statutory boards: the Civil Aviation Authority of Singapore (CAAS), the Land Transport Authority (LTA), the Maritime and Port Authority of Singapore (MPA) and the Public Transport Council (PTC), which implement the ministry’s policies and tactical directions.
SMRT Corporation is a multi-modal public transport operator in Singapore operating bus and rail services. A subsidiary of the Government of Singapore's Temasek Holdings, it was established on 6 August 1987 and listed on the Singapore Exchange from 26 July 2000 until 31 October 2016.
SBS Transit Ltd (abbreviation: SBS or SBST) is a multi-modal public transport operator in Singapore operating bus and rail services. With a majority of its shares owned by Singaporean multinational transport conglomerate ComfortDelGro Corporation at 75%, it was formerly known as Singapore Bus Services before rebranding to SBS Transit on 1 November 2001.
Workforce Singapore (WSG) is a statutory board under the Ministry of Manpower of the Government of Singapore.. During the worldwide COVID-19 pandemic in 2020, when many Singapore citizens and Permanent Residents lost their jobs due to the closure of businesses, Workforce Singapore played a vital part in career-coaching the people of Singapore into transitioning into essential industries.
With the Bus Service Operating Licenses (BSOL) of SBS Transit and SMRT Buses expiring on 31 August 2016, the Land Transport Authority (LTA) decided to revamp the country's bus operations into a competitive tendering process. Under the contracting model, bus operators bid for the right to operate services while with the LTA as central planner ...
The Public Transport Council (PTC) is an independent regulatory statutory board under the Ministry of Transport of the Government of Singapore established on 14 August 1987 by the Public Transport Council Act of 1987. PTC regulates the public bus and rapid transit network in areas such as fares and service standards.
Singapore's MRT infrastructure is built, operated, and managed in accordance with a hybridised quasi-nationalised regulatory framework called the New Rail Financing Framework (NRFF), in which the lines are constructed and the assets owned by the Land Transport Authority, a statutory board of the Government of Singapore.