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Graphics (Statistics) - Pre-tax and after-tax profit (before extraordinary item and transfer to assets replacement reserve).; The republic's mass rapid transit system goes smoothly from strength to strength.
IT'S been just over a decade since the Singapore Mass Rapid Transit Ltd
(SMRT) was incorporated to operate the island republic's mass rapid
transit system. With the expiration of its initial 10-year operating
licence in March 1998, it was awarded a fresh 30-year licence and
operating agreement (LOA) effective April 1. A year later, the company had
a new platform of financial independence and long-term business planning.
Moving into the new millennium, the SMRT is becoming a more integrated,
multi-modal transportation company. MRT services will eventually include
the Light Rail Transit (LRT), buses and taxis. Integration of the various
modes of public transportation is the key to an efficient, world- class
system.
The Singapore MRT system is more than just a `people mover': it is an
icon of national pride reflecting Singapore's growth and prosperity. It is
seen as a potent role player in Singapore's economic and social progress
over the past decade. The SMRT comprises two lines, one from Jurong East
to Marina Bay via Woodlands, and the other from Pasir Ris to Boon Lay. The
system covers a route length of 83 kilometres and 48 stations.
The introduction of the MRT...