Advertisement
Singapore markets closed
  • Straits Times Index

    3,313.48
    +8.49 (+0.26%)
     
  • Nikkei

    38,787.38
    -132.88 (-0.34%)
     
  • Hang Seng

    19,553.61
    +177.08 (+0.91%)
     
  • FTSE 100

    8,420.26
    -18.39 (-0.22%)
     
  • Bitcoin USD

    66,750.88
    +1,421.66 (+2.18%)
     
  • CMC Crypto 200

    1,363.72
    -10.12 (-0.74%)
     
  • S&P 500

    5,303.27
    +6.17 (+0.12%)
     
  • Dow

    40,003.59
    +134.21 (+0.34%)
     
  • Nasdaq

    16,685.97
    -12.35 (-0.07%)
     
  • Gold

    2,419.80
    +34.30 (+1.44%)
     
  • Crude Oil

    80.00
    +0.77 (+0.97%)
     
  • 10-Yr Bond

    4.4200
    +0.0430 (+0.98%)
     
  • FTSE Bursa Malaysia

    1,616.62
    +5.51 (+0.34%)
     
  • Jakarta Composite Index

    7,317.24
    +70.54 (+0.97%)
     
  • PSE Index

    6,618.69
    -9.51 (-0.14%)
     

ST Engineering wins $175 million worth of contracts to upgrade bus fleet and systems

The contracts are to be fulfilled by 2027

ST Engineering has won $175 million worth of contracts to modernise Singapore’s public bus fleet of more some 5,800 vehicles and operations.

The scope for these contracts comprises technology upgrades for the fleet management system, fare collection as well as power and communications systems.

Work is slated to start this quarter and is to be completed by 2027.

According to ST Engineering, the upgrades can help improve the efficiency of the bus operators and thereby translate into improved service and travel experience for commuters.

Specifically, the contracts include the deployment of a new bus fleet management system, new fare collection equipment and new power and communication systems.

ADVERTISEMENT

“Our expertise in advanced fleet management and fare collection systems, along with our proven track record in major transportation projects, positions us well for this infrastructure modernisation initiative,” says Chew Men Leong, president of urban solutions at ST Engineering.

"The technology upgrade will not only enhance system connectivity and functionality that benefits commuters and the transport ecosystem but will also pave the way for future innovations in commuter travel," he adds.

See Also: