SMRT Corporation

Not to be confused with Seoul Metropolitan Rapid Transit Corporation in South Korea.

SMRT Corporation Limited

One of SMRT's Trains operating in Singapore's MRT System
Industry	Public transport
Founded	(1987-11-07) 7 November 1987
Headquarters	Singapore
Key people	Seah Moon Ming (chairman) Desmond Kuek (President & CEO)
Products	Rail, Buses, Taxis Services
Revenue	S$1,235.5 million SGD (FY2015)
Operating income	S$120.8 million SGD (FY2015)
Net income	S$91.0 million SGD (FY2015)
Number of employees	10,000
Parent	Temasek Holdings Pte Ltd
Website	[1]

SMRT Corporation Limited is a public transport operator incorporated on 6 March 2000, as a result of an industry overhaul to form multi-modal public-transport operators in Singapore. Its rail services began on 7 November 1987. It is one of the largest public-transport companies in Singapore, second to ComfortDelGro. As a holding company formerly listed on the Singapore Exchange between July 2000 to October 2016, it operates bus, rail, taxi and other public-transport services via several wholly owned subsidiaries. In addition, the Group is involved in leasing advertising and commercial spaces within the transport network it operates, as well as in engaging operations and maintenance services, project management and engineering consultancy in Singapore and overseas.

Privatisation

In September 2016, 85% of minority shareholders (about 4,000) voted in favour of a buy-out offer by Temasek Holdings at $1.68/share which will result in delisting from the Singapore Exchange. All its train operating assets worth S$1 billion will also be sold to the government under the Land Transport Authority's new "Rail Financing Framework" (NRFF).

Being asset light will allow SMRT to focus on the operational reliability of the public transport system and its business ventures overseas.

The buy-out was approved by the High Court of Singapore and the last day of trading of SMRT shares was 18 October 2016, with the payout taking place by 1 November 2016.

Subsidiaries

Rail	Road	Engineering	Financial and Institutions
SMRT Trains Ltd SMRT Light Rail Pte Ltd	SMRT Road Holdings Ltd SMRT Buses Ltd SMRT Taxis Pte Ltd SMRT Automotive Services Pte Ltd Bus-Plus Services Pte Ltd Strides Transportation Pte Ltd Hailo Singapore Pte Ltd	SMRT Engineering SMRT Engineering FZE Singapore Rail Engineering Pte Ltd Railise Pte Ltd	SMRT International Pte Ltd SMRT Investments Pte Ltd SMRT Alpha Pte Ltd SMRT Far East Ltd SMRT Cayman I SMRT Cayman II SMRT Hong Kong Limited SMRT Capital Ltd SMRT Institute Pte Ltd SMRT Properties SMRT Media

Source: SMRT Corporation Ltd Annual Report 2014

Associated companies

• Shenzhen Zona Transportation Group Co Ltd
• Ortus Infrastructure Capital Pte. Ltd.

Source: SMRT Corporation Ltd Annual Report 2014

Branch office

• SMRT International Pte Ltd – Abu Dhabi

Source: SMRT Corporation Ltd Annual Report 2014

Operations

SMRT's primary business is providing public-transport services in Singapore, with operations in the following (as of 2015):

• SMRT Buses – a fleet of up to 1,200 buses, serving majority in housing estates in northern and north-western Singapore.
• SMRT Trains – 88 stations along the North South Line, East West Line and Circle Line, and upcoming 31 stations along the future Thomson-East Coast Line of the MRT network.
• SMRT Light Rail – 14 stations along the Bukit Panjang LRT Line.
• SMRT Taxis – a fleet of over 3,500 taxis, 3 different vehicle models of standard and limousine taxis including 30 London Taxis.

From 1 October 2016, the Land Transport Authority assumed all the current assets from SMRT under a new rail financing framework that allows the company to focus on its operational reliability.

Key operating statistics (2003 till 2013)

Monthly ridership for bus and rail

Month	2003		2004		2005		2006		2007		2008		2009		2010		2011		2012		2013
	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail	Bus	Rail
January	23,507	34,178,416	22,963	33,165,048	23,227	34,483,105	22,210	33,978,256	23,579	37,339,394	25,094	41,931,556	24,213	41,227,355	25,773	46,945,263	27,652	53,016,676	27,661	54,729,665	29,984	55,511,127
February	20,451	29,135,532	22,055	31,784,715	20,406	29,978,170	21,040	32,330,471	20,657	32,896,766	22,427	37,471,745	22,692	39,407,717	22,681	41,152,773	24,006	45,510,277	27,210	55,173,716	25,692	51,813,875
March	22,546	32,925,189	23,512	34,314,370	23,164	35,126,645	23,257	36,366,764	23,612	38,579,693	23,885	41,285,892	24,282	43,953,761	25,818	48,081,833	27,517	53,785,116	28,392	58,586,340	28,792	59,431,859
April	19,388	27,458,106	22,760	32,196,436	22,338	33,059,172	22,197	33,860,661	22,586	35,985,951	24,186	41,072,492	23,587	41,999,608	25,328	47,034,300	26,978	51,414,494	27,670	55,342,333	29,992	58,522,154
May	21,922	29,889,839	23,025	33,530,425	22,324	33,796,403	23,237	36,012,048	23,535	38,532,342	24,331	41,964,448	24,516	43,024,742	25,942	49,320,732	27,499	52,637,969	28,755	58,176,870	29,635	59,654,244
June	21,071	31,826,285	20,908	32,609,572	21,154	34,115,079	21,094	34,965,071	21,647	37,582,966	22,647	41,273,623	22,789	42,933,447	23,957	48,228,573	25,530	52,022,824	26,431	55,799,024	26,509	56,609,484
July	23,196	34,541,283	23,866	34,916,918	22,948	35,614,229	23,636	36,905,609	24,045	39,665,489	25,643	44,938,982	25,342	45,954,296	27,284	52,402,930	28,544	55,845,208	29,383	59,676,281	30,629	62,392,177
August	23,190	34,129,579	23,261	34,198,512	22,961	35,456,777	23,678	37,353,037	23,791	39,587,277	24,937	44,207,819	24,683	44,931,974	26,354	50,956,699	27,742	54,209,327	28,928	58,968,447	30,097	60,938,969
September	22,126	33,253,795	22,421	33,240,234	22,040	34,071,467	22,425	36,006,858	22,496	37,591,642	23,788	42,890,883	23,714	44,097,931	25,836	49,725,795	26,917	53,636,889	27,571	56,964,045	28,607	58,860,850
October	22,727	33,428,440	22,863	33,610,216	22,477	34,478,588	22,800	36,284,768	23,748	40,054,511	24,802	43,653,768	25,225	45,792,025	26,876	51,311,532	27,532	55,213,665	28,784	58,991,709	30,030	60,509,241
November	20,933	32,317,852	21,228	32,847,314	21,250	33,909,654	22,065	36,600,989	22,079	38,961,082	23,186	42,729,341	23,372	44,277,327	25,137	49,540,511	26,122	54,902,720	27,028	57,474,268	28,479	58,574,073
December	21,472	35,348,298	21,601	35,851,490	21,331	36,592,773	21,439	38,062,826	21,987	40,641,704	22,868	43,357,506	23,426	47,251,836	25,342	53,030,746	26,226	55,982,718	26,522	57,837,250	30,000	60,000,000
Total	262,529	388,432,614	270,463	400,265,250	265,620	410,682,062	269,078	428,727,358	273,762	457,418,817	287,794	506,778,055	287,841	524,959,766	306,328	587,731,687	322,265	638,177,883	326,400	654,400,000	335,400	690,000,000

Notes

• The numbers highlighted in bold have the most ridership in the month of the year for each type.
• The monthly total MRT ridership from May 2009 onwards includes ridership from Circle Line.

Board of directors

• Seah Moon Meng – Chairman
• Desmond Kuek – President And Group CEO of SMRT Corporation Ltd
• Patrick Ang Peng Koon
• Lee Seow Hiang
• Moliah Hashim
• Bob Tan Beng Hai
• Peter Tan Boon Heng
• Tan Ek Kia
• Yap Chee Meng
• Yap Kim Wah