Reuters India, 25 Apr 2014
Singapore's SMRT Corp Ltd , the operator of the city-state's main rail network, asked the government on Wednesday about a financing framework which would reduce its capital expenditure, The Straits Times reported.
SMRT has previously expressed interest in changing to a financing framework that was introduced by the government in 2010. Under this system, the government would own the assets, and be responsible for replacing them. This would free SMRT from having to incur huge capital expenditures on asset replacement. Full story