SINGAPORE (Oct 14): Nomura predicts aggressive bidding by foreign operators for new bus routes being offered by Singapore.

Noting local media reports that the government has short-listed eight bidders for the second of three route packages, Nomura says it is assuming that foreign companies will win all three packages.

“Should ComfortDelGro or SMRT win any of the packages, it would be a positive surprise,” Nomura says.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook