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News - Detailed News Story

ST Engineering

Stock Chart
Last Done 3.920
Change -0.060 (-1.51%)
Volume 3,506.6
Range 3.910 - 3.980

SBS Transit

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Last Done 4.200
Change +0.130 (+3.19%)
Volume 12.2
Range 4.050 - 4.200

SMRT, SBS Transit sign MOU with ST Engineering

19 Jun 2019 09:00

By Christopher Tan

IN A move which will see Singapore's two rail operators working formally together for the first time, SMRT and SBS Transit (SBST) signed a collaboration memorandum of understanding with defence and engineering group ST Engineering on Monday.

At a signing ceremony at the Land Transport Authority's premises in Hampshire Road, Transport Minister Khaw Boon Wan said the MOU was "one small step" in Singapore's strategy "to grow our rail industry".

"The MOU will enable SMRT, SBST and ST Engineering to collaborate in the cost-effective development of engineering capabilities for rail operations and maintenance," Mr Khaw said.

He said the trio will "identify and establish collaborative projects or arrangements of mutual interest".


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Source: Business Times
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