Relating to SMRT's Corp Ltd latest FY11 results,
Significant capital expenditure ahead in FY2012. SMRT is
planning significant capital expenditures for FY2012 in the
amount of S$600m where half (S$300m) will be used to purchase
17 new trains for the North-South and East-West lines, a third
($S200m) for a fleet of new taxis and 50 buses, and the
remainder will be used to take over the operating assets related
to the Changi Airport Extension and Dover MRT station. SMRT
will most likely have to seek funding and loans for at least
S$200m to support this capex plan.
so are the 50 buses procured? or only in planning stages?
and is changi airport MRT having an extension? to where?
and also:
Higher rental and advertising revenue to offset weaker
ridership revenue. Going forward, while Management expects the
lower average fares from the implementation of distance fares
to continue negatively impacting group revenue in 1QFY2012, we
foresee a pickup in rental and advertising revenue to offset
this decrease
they claimed DBTF is eating into revenue?