Expansion of Rail Network
To enhance our rail network to reach more people and places, we have spent over $20 billion to build up our existing rail network.
Over the next decade or so, we will be doubling the length of our rail network to 278km from 138km in 2008 at the cost of $60 billion. With the increase in rail density, commuters in the central area will be able to access a rail transit station within 400m, or five minutes' walk on average. We are also looking into new lines beyond the planned LTMP lines.
Operating Performance Standards
LTA has put in place a suite of Operating Performance Standards (OPS) to safeguard the service levels of the rail network. We will continue to evolve our regulatory framework, including tightening the OPS where necessary, to ensure that they remain relevant to our needs.
It is important to ensure that the financing framework can facilitate the expansion of our rail network in a financially sustainable manner while supporting the desired industry structure. A sound financing framework is necessary to ensure prudent use of government funds as we implement more rail lines.
- The Rapid Transit Systems Act was amended in 2010, to allow the implementation of a new rail financing framework that will facilitate a network approach in the evaluation of new rail lines, thereby potentially allowing them to be introduced earlier. Under the new financing framework, the Government will take over ownership control of operating assets, and will therefore be in a better position to ensure timely injection of additional capacity to meet projected demand. In turn, the operators pay a licence charge for the use of the operating assets. The new framework also allows greater contestability in the rail sector, which will then help to spur greater efficiency and productivity improvements.
We have implemented the new rail financing framework, with the licence issued to the new Downtown Line operator in 2011.