{"id":114746,"date":"2020-03-06T11:19:09","date_gmt":"2020-03-06T04:19:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-invest-60bil-for-renewal-and-expansion-of-rail-network\/"},"modified":"2020-03-06T12:04:03","modified_gmt":"2020-03-06T05:04:03","slug":"govt-to-invest-60bil-for-renewal-and-expansion-of-rail-network","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/govt-to-invest-60bil-for-renewal-and-expansion-of-rail-network\/","title":{"rendered":"Gov\u2019t to invest $60bil for renewal and expansion of rail network"},"content":{"rendered":"


\nThese include the completion of the Thomson-East Coast Line, construction of Jurong Region Line and Cross Island Line (first phrase) as well as the renewal for both East-West and North-South MRT Lines.\u00a0
\nAfter experiencing several high-profile rail operations disruptions, the government will invest over $60 billion in the renewal and expansion of its rail network in the next decade.
\n\u201cThe hard lesson learnt by the problems earlier faced by SMRT is that we must invest in good operations and maintenance,\u201d said Minister for Transport Khaw Boon Wan on Thursday (5 March) during the Committee of Supply debate for the transport ministry.
\nIn 2017, an MRT tunnel flooding resulted in more than a 20-hour disruption of service on the North-South Line.
\nKhaw revealed that the $60 billion will be spent on a number of projects \u2013 such as the Thomson-East Coast Line\u2019s (TEL) completion by 2024 as well as the construction of the Jurong Region Line (JRL) and the Cross Island Line\u2019s (CRL) first phase by 2028 and 2029, respectively.
\nBy 2025, the existing lines \u2013 Circle, North-East and Downtown lines \u2013 will also be extended, increasing the city-state\u2019s rail network from the current 230km to 360km, reported CNA.
\nThe rail expansion works will bring about 80% of people within walking distance to an MRT station by 2030, said Khaw, who also serves as Coordinating Minister for Infrastructure.
\n\u201cWe will have achieved or exceeded the level of train connectivity enjoyed by the residents in Hong Kong, Tokyo and New York today,\u201d he noted.
\nMajor renewal works on Singapore\u2019s oldest lines \u2013 the 32-year-old East-West and North-South MRT Lines as well as the 20-year old Bukit Panjang LRT \u2013 are also slated for completion over the next few years.
\nRead:\u00a014 Freehold Private Condos That Are Within 500m From the East-West Line
\n\u201cIn time, we will also need to renew the next oldest lines \u2013 North-East Line and Sengkang-Punggol LRT,\u201d said Khaw.
\nCommenting on the proposed Johor Bahru-Singapore Rapid Transit System Link, Khaw noted that the project is suspended until end-April this year. He expects Malaysia\u2019s recent change of government to further impact its development.
\n\u201cWhile we remain committed to working with Malaysia to find a way forward, the project cannot be suspended indefinitely,\u201d he said. \u201cWe therefore look forward to hearing from Malaysia soon.\u201d
\nLooking for a property in Singapore? Visit\u00a0PropertyGuru\u2019s\u00a0Listings,\u00a0Project Reviews\u00a0and\u00a0Guides.
\n\u00a0
\nVictor Kang, Digital Content Specialist at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Gov\u2019t to invest bil for renewal and expansion of rail network<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

These include the completion of the Thomson-East Coast Line, construction of Jurong Region Line and...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-114746","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-tQK","jetpack-related-posts":[{"id":110915,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/first-three-tel-stations-to-open-in-late-january\/","url_meta":{"origin":114746,"position":0},"title":"First three TEL stations to open in late-January","date":"September 20, 2019","format":false,"excerpt":"\r At 43km long, it will be the sixth MRT line in Singapore. It will have 32 stations, eight of which are interchange stations, connecting neighbourhoods like Marine Parade, Thomson, Bedok and Toa Payoh to the Central Business District. Transport Minister Khaw Boon Wan announced that the first stage of\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106331,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/khaw-hopes-deal-to-suspend-rts-link-can-be-finalised-soon\/","url_meta":{"origin":114746,"position":1},"title":"Khaw hopes deal to suspend RTS link can be finalised soon","date":"April 22, 2019","format":false,"excerpt":"\r Both Malaysia and Singapore are still committed to ensuring that the railway project can continue. Transport Minister Khaw Boon Wan hopes the supplemental agreement to suspend the Rapid Transit System Link (RTS) between Woodlands and Johor Bahru can be finalised soon, reported The New Paper. While the bilateral agreement\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103404,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/future-cross-island-line-to-cut-travel-time-by-up-to-70-mins\/","url_meta":{"origin":114746,"position":2},"title":"Future Cross Island Line to cut travel time by up to 70 mins","date":"January 28, 2019","format":false,"excerpt":"\r Phase 1 of the Cross Island Line has been finalised with 12 MRT stations passing through areas such as Changi, Loyang, Pasir Ris, Hougang and Ang Mo Kio. Construction work on Phase I of the highly-anticipated Cross Island Line (CRL) is poised to commence in 2020, with completion targeted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":97362,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-and-malaysia-agree-to-postpone-high-speed-rail-project\/","url_meta":{"origin":114746,"position":3},"title":"Singapore and Malaysia agree to postpone High Speed Rail project","date":"September 6, 2018","format":false,"excerpt":"\r Artist\u2019s impression of the HSR terminus in Jurong East. While many may be disappointed, Singapore and Malaysia\u2019s agreement to postpone the development of the Kuala Lumpur-Singapore High-Speed Rail (HSR) offers greater clarity on the way forward for the mega project, said Singapore Transport Minister Khaw Boon Wan in a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":96597,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/rts-link-to-continue-despite-missing-deadline-to-form-jv\/","url_meta":{"origin":114746,"position":4},"title":"RTS link to continue despite missing deadline to form JV","date":"August 24, 2018","format":false,"excerpt":"\r Map of Rapid Transit System (RTS) route expected to be completed by 2024 Singapore\u2019s Transport Minister Khaw Boon Wan held a meeting with his Malaysian counterpart Anthony Loke last week to talk about joint transportation projects like the Johor Bahru-Singapore Rapid Transit System (RTS). \u201cThe ministers look forward to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107317,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/canberra-mrt-station-to-open-on-2-november\/","url_meta":{"origin":114746,"position":5},"title":"Canberra MRT station to open on 2 November","date":"May 21, 2019","format":false,"excerpt":"\r Commuters can save up to 10 minutes of travel time towards the city centre or Jurong East.\u00a0 The new Canberra MRT station on the North-South Line (NSL) is set to open on 2 November, announced Coordinating Minister for Infrastructure and Minister for Transport Khaw Boon Wan during a site\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114746"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=114746"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/114746\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=114746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=114746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=114746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}