- 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.
~ Matthew 25:40: "The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'"- (NIV)