SMRT fined $2m

[Mllcg]

*BREAKING* SMRT to be fined S$2 million for Dec 2011 train breakdowns along the North South Line. LTA is imposing the maximum penalty on train operator. The breakdowns cost SMRT an additional S$4.4 million.

 

source: CNA FB page

 

another source:

 

The Land Transport Authority (LTA) has fined rail operator SMRT $2 million for two major disruptions last December.

 

The penalty - $1 million each for the Dec 15 and Dec 17 incidents on the North-South Line - is the maximum penalty under the Rapid Transit Systems Act.

 

In a release, the LTA said SMRT had failed to 'exercise due diligence and vigilance expected of a public transport operator, and to maintain its network in good and efficient working condition'. It added that its internal investigations had found that both incidents were preventable.

 

The authority said it will continue to work closely with SMRT to implement the Committee of Inquiry's recommendations.

 

It will also work with the rail operators to put in place a 'more holistic and robust framework' for maintenance issues, so problems can be detected and fixed early.

 

The $2 million fine will be donated to the Public Transport Fund to help needy families with transport fares.

 

 

http://www.straitstimes.com/The-Big-Story/...ory_822847.html

Edited July 16, 2012 by Mllcg

[Maka]

*BREAKING* SMRT to be fined S$2 million for Dec 2011 train breakdowns along the North South Line. LTA is imposing the maximum penalty on train operator. The breakdowns cost SMRT an additional S$4.4 million.

 

source: CNA FB page

 

Those fines goes to where? Than again its only the revenue of a mere few weeks..

[Jrage]

*BREAKING* SMRT to be fined S$2 million for Dec 2011 train breakdowns along the North South Line. LTA is imposing the maximum penalty on train operator. The breakdowns cost SMRT an additional S$4.4 million.

 

source: CNA FB page

 

So...? left pkt take out.. right pkt go in.. Raise fare ==> commutter pays more..

Raise rent ==> commuter that buy breakfast from the store pays more...

 

Eventually, dividend to shareholder remains the same... ha haha

 

LTA, shld limit the dividend given to shareholders.. for failure to run the company to meet social obligation.

Edited July 16, 2012 by Jrage

[Liping24cn]

Confirmed fare increase?

[Mockngbrd]

2mirrion ish what to MRT? peanut or pee sai?

[Zniper]

say wan to donate to needy families wif transport fare... but who saw tis amount and where it goes?

best is to let smrt give all commuters free ride for a few weeks or a month...

[Latio2005A]

So...? left pkt take out.. right pkt go in.. Raise fare ==> commutter pays more..

Raise rent ==> commuter that buy breakfast from the store pays more...

 

Eventually, dividend to shareholder remains the same... ha haha

 

LTA, shld limit the dividend given to shareholders.. for failure to run the company to meet social obligation.

Agree. Down the road, SMRT will report lower profits then ask for fare increase.

 

We commuters suck thumbs.

[Westkid]

2mirrion ish what to MRT? peanut or pee sai?

Is cost u a yellow card.Should ask them compensate [laugh]

[Kiadaw]

Those fines goes to where? Than again its only the revenue of a mere few weeks..

never read the whole article huh?

 

See the last line.

[Maka]

never read the whole article huh?

 

See the last line.

 

From the time i asked there wasnt those lines in it...

 

However 2mil to needy families? What is the clause for the "needy families"??

[Littleknown]

 

Just claw back cb Saw's pay.

 

JPMorgan did it to one of their exec. So can S m r t.

[Cavili]

S$2mil should be compensated for the inconvenieces caused to all commuters.

 

SMRT mistakes at our expenses it's not fair and commuters should be compensated instead.

[Kb27]

Left pocket in, right pocket out.

Right pocket in, left pocket out.

 

Fine smrt, pay for bus.

Fine bus, pay for trains.

 

Good drama.

[Maka]

Welcome to Singapore!

 

its a city for the rich and rich only. The govt in SG did a "wonderful" job doing a business out of every single thing in this city. Soon its AIR in it will be charge soon. It will subsidize for the "needy Families" thru its amazingly mysterious "Fines" systems..

[Lv3338]

pls..... lah....pls tolong....pls dun fine SMRT lah...

 

wait they increase my train fees........ lah........tolong tolong...ok.....

[Cdior]

Ccb. 1 big show only.

Left pocket into right pocket.

Knn.

 

 

[Kspchew]

Oh no, there's goes my dividends.

[Lethalstrike]

*BREAKING* SMRT to be fined S$2 million for Dec 2011 train breakdowns along the North South Line. LTA is imposing the maximum penalty on train operator. The breakdowns cost SMRT an additional S$4.4 million.

 

source: CNA FB page

 

another source:

 

The Land Transport Authority (LTA) has fined rail operator SMRT $2 million for two major disruptions last December.

 

The penalty - $1 million each for the Dec 15 and Dec 17 incidents on the North-South Line - is the maximum penalty under the Rapid Transit Systems Act.

 

In a release, the LTA said SMRT had failed to 'exercise due diligence and vigilance expected of a public transport operator, and to maintain its network in good and efficient working condition'. It added that its internal investigations had found that both incidents were preventable.

 

The authority said it will continue to work closely with SMRT to implement the Committee of Inquiry's recommendations.

 

It will also work with the rail operators to put in place a 'more holistic and robust framework' for maintenance issues, so problems can be detected and fixed early.

 

The $2 million fine will be donated to the Public Transport Fund to help needy families with transport fares.

 

 

http://www.straitstimes.com/The-Big-Story/...ory_822847.html

 

Is it just me as i realised that they really like to use the word "holistic" in their motherhood statements?