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

Discussion in 'Asia' started by Bic_Cherry, Oct 27, 2019.

  1. Bic_Cherry

    Bic_Cherry Active Member

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

    [​IMG]https://www.straitstimes.com/singap... first automated,house more than 500 bicycles.

    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/ar...ikers pay a flat,65 cents per parking session.
     

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