MTRC's depreciation figures look to be a bit off track

Article Abstract:

Hong Kong's Mass Transit Railway, a railway company with a great deal of property earnings, expects its buildings will last 100 years and that its trains will run well past the industry average longevity, a few basic assumptions that effectively water down the impressive look of the company's earnings. Some analysts see the depreciation statistics as in line with global standards; others are not so cheerful. the company's math, accounting and analysts reactions are discussed.

Financial management, Hong Kong, Finance, Transportation industry, Mass Transit Railway Corp.

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Singapore considers bids for light-rail systems

Article Abstract:

Singapore is evaluating bids for the construction of two light rail systems. Eight firms have already submitted 13 bids for the projects, each of which is expected to cost $143 million. Businessmen say that the main advantage of light rail train contracts is the possibility of obtaining additional contracts from the government. Winning bidders also gain the attention of other Asian countries interested in solving their own transportation problems.

Evaluation, Contracts, Transportation, Public contracts, Government contracts

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Singapore awards light-rail contract, raising hopes for expanded network

Article Abstract:

The Singaporean government has awarded a contract for the construction of a prototype light-rail system to a consortium composed of Keppel Integrated Engineering Ltd., ABB Daimler-Benz Transportation (North America) Inc. and Gammon Pte. Ltd. The project, which will cost an estimated $202.1 million, is designed to extend the reach of Singapore's mass-transport system to the suburbs. The project is scheduled to be completed in 1999.

Planning, Public works

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