Bus Services Industry Act

The Bus Services Industry Act 2015 is a statute of the Parliament of Singapore that provide for the Land Transport Authority (LTA) to take over the regulation of the operators of bus services, depots and interchanges from the Public Transport Council (PTC).

Bus Services Industry Act 2015
Parliament of Singapore
Enacted byParliament of Singapore
Enacted18 August 2015
Assented to21 August 2015
Commenced22 January 2016
Status: In force

Overview

The Bus Services Industry Act caters for the Government owning the buses and allows the Land Transport Authority in responding more expeditiously regarding changes in travel demand.[1] Operators that will be running bus services as contractors can also be removed if they do not meet standards. Routes are tendered to operators to operate, while revenue risk is supposedly being borne by the state.[2]

Uses of the Act

Under the Bus Services Industry Act, the difference between what the Government of Singapore collects in fares and the amounts it pays operators will be covered by subsidies. This may impact fare review mechanism that is pre-existing, in which the public transport operators may be expected to apply for fare changes annually.[2]

See also
  • Public Transport Council (Amendment) Act 2015

References
  1. Fang, Joy. "MPs raise concerns on issues that could affect public bus sector". Today. Retrieved 20 February 2016.
  2. Lim, Adrian (22 Jan 2016). "Public Transport Council takes on advisory role to the Transport Minister". Straits Times. Retrieved 20 February 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.