Towards Financial Freedom
Transportation : Expansion of Singapore rail network
No near term impact to operators as expected completion is from 2025 onwards. LTA has announced that there will be two new rail lines and three new extensions to double Singapore's rail network to c.360km by 2030. A major MRT line, the 50km Cross Island Line (CRL) is targeted to be completed by 2030, while the 20km long Jurong Region Line (JRL) is expected to be completed by 2025. The operators for these lines have not been announced and we do not see any near term impact to operators given that expected completion dates for the new lines and extensions begin from 2025 onwards. We maintain our BUY call on ComfortDelGro and NEUTRAL call on SMRT.
New rail lines:
- 50km Cross Island Line (CRL) will run from Changi, passing through Loyang, PasirRis, Hougang, Ang Mo Kio, Sin Ming, and head westwards towards Bukit Timah, Clementi, West Coast, and terminate at Jurong Industrial Estate. Targeted to be completed by 2030.
- 20km Jurong Region Line (JRL) will serve Choa Chu Kang, Boon Lay and future developments in the Tengah area. It will connect these areas to nodes in Jurong West and the Jurong Industrial estate. Expected to be completed by 2025.
Extensions:
- 4km Circle Line Stage 6 (CCL 6) will 'close the circle' by connecting HarbourFront station to Marina Bay station, expected to be completed by 2025.
- 2km extension of Downtown Line to the Eastern Region Line by 2025 to connect the two rail lines and allow commuters to make transfers.
- 2km North East Line (NEL) will extend northwards by one station to serve Punggol North by c.2030.
Source: OSK
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
