I think Singapore's privatised public transport is uniquely Singapore indeed. It's a private company yet somehow it does not face any competition from other private bus companies who may want to operate those lucrative bus routes.Quoted from my comments on article here.
When TIBS(now SMRT) goes to northeast, SBS moves away. When NEL is completed, private bus can no longer operate there. So we have a private transport company that do not have any real competition that takes the role of a public transport.
I'm fine with privatising public transport, but shouldn't other private companies get the chance to compete with them?
This is the irony in many of the privatised government linked companies in transport, media etc. A private company that enjoys the monopoly of a market reserved for public service. Their status just do not fit the bill of a private company. Many we need to find a new term for our uniquely Singapore privatised GLCs.
singapore transport essay
Labels: Blog - Essays
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