Quote by Cedric Foo
“If the operators’ returns are satisfactory, then it is a win-win situation. If they are unduly penalised, they do not get returns commensurate with their risks … then you would have a new set of problems – too few trains, too old buses.” Cedric Foo (TODAY) With this kind of statement and acceptance that public transport will be allowed to run to the ground if profit no enough, it is time that the govt should consider taking public transport back as a statutory board. With so many supertalents in the stats board, I am sure they can do a better job without being profit crazy. And if they cannot perform, sack them. You don't pay people so much who cannot perform. And I hope no one is going to say that only privatisation can make an organisation efficient and effective. Bull.