Retail, advertising rights on TEL outsourced
The rights for retail and advertising on the upcoming Thomson-East Coast Line (TEL) have been outsourced, as part of efforts to improve the line's financial sustainability, the Land Transport Authority (LTA) said.
This marks the first time non-fare businesses, which are currently run by MRT operators, have been outsourced.
The move is expected to bring more than $164 million in concession fees for the LTA over the 16-year concession term.
This will begin when the 43km-long T...