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Singapore's Land Transport Authority (LTA) has awarded the Serangoon-Eunos Bus Package to SMRT, marking a transfer of operations from the incumbent operator, SBS Transit (SGX:S61).
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The package comprises 26 bus routes and attracted bids from SBS Transit, SMRT, and Tower Transit. SMRT emerged as the winning bidder with a tender price of S$600mil, approximately 5% below SBS Transit’s lowest bid.
SMRT’s bid came in the lowest at S$600mil
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Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Zheng Feng Chee DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-07-17
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