I know the WP's plan is very attractive, but their defination of
'not profit orieented" is neither clear
Lossing money and later simply using the reserve to balance of the
losses can also be termed 'not profit orieented'
They want compeition. 1 day a service's ridership is fixed, adding
a duplication on the basis of compeition sake just splits up the
passengers and in fact, to 'create more jobs', they go head on and
eventually since the cost remains the same, losses might end up
occuring
Already svs like 242 runs at 2-4 mins frequency have to use high
capacity double decks to serve, if the private operators just use
their single decks, the bus will be having orgasm 
Instead of completeing, can't they just let the pte operators to
link the the places like pte housing estates during peak hrs where
the long buses can't serve?
Dun just compete for the sake competing, just
like the days where there was so many bus co competing for each
other and only the popular rts was served
As for fares, the fare stages should be calculated on the basis of
continous jouney and not the "Transfer rebate" system as far as
talking abt bus rides or MRT to LRT transfers