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Money faced LTA lost touch, squandered S$4.7 + million on useless white elephant.

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Old 27-10-2019, 07:49 PM   #1
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Money faced LTA lost touch, squandered S$4.7 + million on useless white elephant.

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/articleinfo.php?CT=n&AID=10657#targetText=Currently%20bikers%20pay%20a%20flat,65%20cents%20per%20parking%20session.
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Old 27-10-2019, 07:53 PM   #2
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hengz ah no one park a escooter insai... if not 4.7million might go down in flames...
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Old 27-10-2019, 07:54 PM   #3
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Better investigate who wash this money. 5m gone like this
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Old 27-10-2019, 07:56 PM   #4
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convert to underground piak piak quarters for $20 per hour confirm huat 9696 and make back the cost in no taim...
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Old 27-10-2019, 07:57 PM   #5
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5m give the poor as gst rebate better
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Old 27-10-2019, 07:58 PM   #6
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They need to account for this
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Old 27-10-2019, 07:59 PM   #7
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The pple gave them the mandate to spend $ on senseless & brainless project.

They already lost the touch on the ground thinking peasants will pay for bicycle parking.
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Old 27-10-2019, 08:00 PM   #8
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so how convert to underground bomb shelter is it?
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Old 27-10-2019, 08:00 PM   #9
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Its one thing to be to innovative and fail, its quite another to try a project that will obviously fail
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Old 27-10-2019, 08:04 PM   #10
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gahmen funded why need to close?

make it free rah.... we voted for it....
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Old 27-10-2019, 08:08 PM   #11
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They need to account for this

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IMG FROM: https://www.mycarforum.com/topic/2702207-sub-contractors-screwed-by-pubs-business-partner/
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Old 27-10-2019, 08:09 PM   #12
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Maybe the decision is made by a CECA with SPU degree!!!!
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Old 27-10-2019, 08:11 PM   #13
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People park bicycle is for convenience lor. Who wanna walk or take bus all the way there to pickup bicycle.
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Old 27-10-2019, 08:12 PM   #14
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The guy that proposed the project most probably got promoted and he may be the boss who will be asking the ka kia in charge now to account for its failure.
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Old 27-10-2019, 08:17 PM   #15
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convert to underground piak piak quarters for $20 per hour confirm huat 9696 and make back the cost in no taim...
Got free staircase why need to pay and piak underground? Sot sot

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