"SMRT Buses was granted a 10-year Bus Service Operator’s Licence
(BSOL) on 1 September 2006 by the Public Transport Council (PTC)."
- http://www.smrt.com.sg/Portals/0/PDFs/About%20SMRT/Investor%20Relations/Annual%20Report/AR2013/SMRT%20Annual%20Report%202013.pdf
"The signal for this change came from Transport Minister Lui
Tuck Yew on Wednesday, when he hinted that other players may be
allowed to bid for some bus routes run by SMRT and SBS Transit,
even before the pair's licences expire in 2016." -
http://ride.asiaone.com/news/general/story/bus-sector-may-be-open-earlier-new-player#sthash.d12sO5VQ.dpuf
According to SBS Transit's 2012 Annual Report (page 78), the
tenure of bus depot at Defu Ave will expire on 1
January 2016, while its bus depot at Ang Mo Kio
Street 63 has already expired (on 1 March 2013). Meanwhile, its bus
depot at Bedok North Ave 4 and its bus park at
Ayer Rajah Crescent are Under Temporary Occupation
Licence. Generally, SBS Transit's tenure of bus depot/park in the
Eastern section of Singapore would expire by 2016.
According to SMRT's 2013 Annual Report (page 200), the
tenure of bus depot at Kranji Road will expire in
1.75 years' time (I suppose it is at Q4 of this year), and its bus
depot at Ang Mo Kio Street 62 has apparently
expired before years ago and will expire again in 2.67 years' time
(I suppose its towards Q4 of 2015). Meanwhile, SMRT bus depot at Woodlands
Industrial Park E will expire in 14.32 years (around 2027) and it
will have a future depot at Bulim Drive starting 2015.
Therefore, I suppose the bus depots/parks at Ang Mo
Kio, Kranji, Defu Avenue
will definitely be taken over and owned by the government by 2016
and be leased out for bus contracts model by then. Whereas for the
bus depot/park at Bedok North and Ayer
Rajah, I suppose they will also be taken over and owned by
the government, then leased out for bus contracts model, after the
bus contracts model is introduced at Ang Mo Kio, Kranji and Defu
Avenue.
Beyond 2016, it is very likely that the bus depots at
Woodlands Industrial Park E and Bulim Drive will continue to be
used by SMRT, while the bus depots/parks at Soon Lee Road and Bukit
Batok Street 23 will continue to be used by SBS Transit; Woodlands
will most likely continue to be SMRT's area of
responsibility, while Jurong will most likely continue to
be SBS Transit's area of responsibility.
In short, I foresee a relatively big change in the Public Bus
Services of Singapore by 2016.