Under the New Rail Financing Framework (NRFF), LTA owns the rail operating assets. This allows us to ensure more timely investments in capacity expansion, replacement and upgrading of the assets.
Besides the transfer of ownership of the assets previously held by Public Transport Operators to LTA, changes were also made to licence periods, profit and risk sharing arrangement and regulatory regime. The graphic below gives an overview of changes from the old financing framework to the new framework under NRFF: