- 27 Oct 2019 11:54
#15044920
Money faced LTA lost touch, squandered S$4.7 + million on useless white elephant.
https://www.straitstimes.com/singapore/transport/underground-bicycle-parking-system-to-cease-in-dec-2019-due-to-low-take-up#targetText=SINGAPORE%20%2D%20The%20Republic's%20first%20automated,house%20more%20than%20500%20bicycles.
They probably imagined their project to be hugely profitable at approx $225/hour if all 500 bicycle parking lots were used at 45¢/hour (approx $5000/day, $1.5 million p. a.).
But even motorcycle parking in sheltered parking is cheaper at just 20¢/hour with max fee at 65¢/ session. https://m.sgcarmart.com/articles/articl ... %20session.
https://www.straitstimes.com/singapore/transport/underground-bicycle-parking-system-to-cease-in-dec-2019-due-to-low-take-up#targetText=SINGAPORE%20%2D%20The%20Republic's%20first%20automated,house%20more%20than%20500%20bicycles.They probably imagined their project to be hugely profitable at approx $225/hour if all 500 bicycle parking lots were used at 45¢/hour (approx $5000/day, $1.5 million p. a.).
But even motorcycle parking in sheltered parking is cheaper at just 20¢/hour with max fee at 65¢/ session. https://m.sgcarmart.com/articles/articl ... %20session.
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