SINGAPORE - About $60 million a year in public funds go toward subsidising operations for a stretch of the MRT Downtown Line connecting Bukit Panjang to the city, Transport Minister Ong Ye Kung said on Friday .
At the same time, ridership on bus services that run parallel to the DTL have fallen significantly, he said. He added:"We seek the understanding of residents as we work through these changes, and strike a balance between the needs of various groups of commuters, and financial prudence." SBS Transit,the subsidiary of transport giant ComfortDelGro, beat rival SMRT to land the contract with a bid of about $1.6 billion over 19 years from 2013. Annualised, the licence charge works out to be around $84.2 million a year.
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