Towards Financial Freedom

Transportation : Expansion of Singapore rail network

kiasutrader
Publish date: Fri, 18 Jan 2013, 10:30 AM
kiasutrader
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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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