Whopping cost of circle line

I literally got a shock when I read that the final stage 6 of the Circle Line will cost a whopping $1.2 billion per kilometre to build, or 5 times the average per kilometre cost of the first five stages.

I can’t help but wonder how many people truly appreciate and understand just how much $1.2 billion is? For every one metre of that stage 6 Circle Line – with only 3 stations – it will cost our citizens $1.2 million. If this is not frivolity and financial imprudence of the highest level, what is?

$4.85 billion could completely lift our absolute poverty households (numbering more than 140,000 and relative poverty of about 35% of our population, according to Prof Tommy Koh) out of their circumstances. The amount could also help pay for another 2 community hospitals to meet our greying population needs and with much change to spare.

Warren Buffett taught the world that price is what you pay, and value is what you get; paying high prices does not necessarily mean that one is getting good value for the money. In this particular case, I accuse the government of knowing only the price of everything and the value of nothing – Just look at Changi Airport Terminal 4.

To me, the stage 6 Circle Line with its cost-benefit consideration is an unwise and frivolous decision. With such a gigantic and unconvinced expenditure, I understand better now why this PAP government needs to borrow in order to fund the construction of our Terminal 5 and its related expenses.

Such a decision taken by the Lee Hsien Loong government will set Singapore back from what the late LKY and his team had achieved and bring us from being a proud creditor nation to become a debtor nation in no time. Be very careful, my fellow Singaporeans. You have been warned!

 

Simon Lim

 

 

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13 Responses to “Whopping cost of circle line”

  • N.Jungne:

    Aiyah handing over to who, as if like don’t know.

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  • Use your vote wisely:

    MRT fares will hike to the sky.
    GST will be 9% and going up in next 5 years terms.

    Their pay into the millions and bonuses will continue to increase. Singaporeans will continue to be retrenched and out of jobs. With 10 millions settling in, almost all Singaporeans will be faced with very hard times coming.

    Therefore use your vote wisely.

    Please be angry with the $100 ~ $300 you received back for average about $4,000 per year you paid them for GST tax through your expenditures. This sum will goes up as GST rate increases, and more companies will run and more out of jobs are to be expected. However, as said, their pay into the millions and bonuses will continue to increase for them, regardless.

    Therefore use your vote wisely, please.

    You know the bin centre story….. a very large portion of it was not use for the construction…. like a jig-saw puzzle as thick as a rhino skin.

    Frankly if you they had gained your trust, no need any laws…. the problem is they don’t, that’s while must FakeNewLaw to bankrupt you if you dare open your mouth.

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  • RDB:

    Back to square one. Dumbass are also jackass!

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  • LIONS:

    So WHO MAKE PLENTY OF DOLLAR$ from this PROJECT?
    WHO ARE THE CONtractor$?
    Any details?

    Is it necessary to have this in the first place?
    Oso,is it necessary to build a mau$oleum for our OLD GUARD LEADERS who mostly SERVED THE NATION FOR SERVICE’S SAKE N NOT FOR $ OR GLORIFICATIONS?
    THE OLD GUARDS LIKE DR GOH HAD MORE SELF-ESTEEM than hankering after GLORIFICATIONS from VAIN PERSON$!

    JEWEL IS A WASTE OF TAXPAYERS MONEY AS WELL.
    ONCE OBOR IS UP N FUNCTIONING,JEWEL WILL JUST BE ANOTHER CLOWN’$ crown?
    Wait n see…

    This cohort of gahmen stinge on social assistance to our JOBLESS N NEEDY BUT DONT THINK TWICE ABOUT $QUANDERING ON THE VERY OSTENTATIOU$.
    THIS IS UNACCEOTABLE N MOST UNBECOMING especially in an environment of impoverishment of more n more CITIZENS from the govt’s daft public policies.

    FT policy in a deliberate increasing COL environment will KILL MORE IMPOVERISHED JOBLESS sgs n their families.
    No wonder our ELDERLY ARE TAKEN THEIR OWN LIVES INSTEAD *HAPPY AGEING*?

    THIS GOVT HAS COMPLETELY LOST ITS MORAL AUTHORITY TO GOVERN N LEAD AS ITS MEMBERS CONtinue to persist in their ERRANT N ERRATIC WAYS.

    NO REGRET N NO REPENTANCE BUT OBSTINACY N NONCHALANCE FROM THESE PAPig$.
    This shud not be tolerated or the NATION would be destroyed sooner than later.

    VOTE FOR A BETTER FUTURE,VOTE FOR CARING N RESPONSIBLE sgs to lead us this coming GE.
    WE HAVE GIVEN ENOUGH CHANCES TO THE SCHOLAR-PAPig$ to prove tbemselves;one more chance would be totally stupid n disastrous.

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  • patriot of TUMASIK:

    Simon…Not their MONEY what!!! spend lor!!! NOT enough ??? increase GST & Gentry Entry and the money will flow like a Jewel cascade from the skies with a Rainbow and The Man who CON YOU squatting at the end waiting patiently for August to come so he can be fed

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  • T5, IR, etc:

    Recent construction projects are unprecedented pricy or grand in size. T5 is the most expensive built for unknown future. The 1.7b airport Jewel is probably the most expensive mall per sqm for unknown future. IR 9billion expansion when it’s business is stagnate is built for unknown future. So many pricy projects are built for unknown demand are merely to drive fake economy growth. How much money sg can pump in for how many years? Future PMs are in deep shit.

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  • Downtown Line:

    Downtown Line obviously NOT making money
    I am quite happy to take this line .. to Jalan Besar, China Town
    Other than the just 2 hours each during morning and evenng peak, travelling this Line can easily get a seat .. which is not a good sign
    It is constructed after completion of north/south, east/west and Circle Line .. it therefore technically got to be very much deeper underground .. Its construction cost and maintenance costs got to be VERY HIGH

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  • HarderTruths:

    This is how the GDP is inflated through government spending and debt creation to pay for all these projects.

    Any country that depends on government deficit spending to prop up its economy will experience rising inflation as debt levels cannot be controlled. More and more debt is needed to sustain the ponzi scheme until eventually it busts.

    There is no escaping the fact that the economy cannot be fixed and we are all going to see a big problem after this next election.

    Can we change course? That depends on who is in charge.

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  • Dafts Will Be Dafts:

    Massive projects are where money is siphoned and made.
    Malaysia has lot’s of new projects undertaken every year, some Sinkies may not know why.
    A screw can cost a few dollars. Bus stop benches can cost a few thousand dollars. In US it was found in a senate inquiry many years ago that a toilet bowl in a warship costed a few thousand tax dollars.
    Just because there is a price to pay does not mean it is reasonable.
    Overcharging can be a form of corruption. That’s how illegal money is made legally.

    Sinkies are dafts, their minds are caged.
    This article asked at length why spend a few billions on a circle line when such money could be spent on other things.
    But it failed to question why it costs so much to extend an MRT line.
    Sinkies think there cannot possibly be any corruptions just because someone said so.

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  • Your Tunnel Very Wide:

    Last stage of circle line only 3 stops. Cost so much to come full circle?

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  • mini birdpark or mini zoo:

    //Recent construction projects are unprecedented pricy or grand in size. T5 is the most expensive built for unknown future. The 1.7b airport Jewel is probably the most expensive mall per sqm for unknown future.//

    of course pricy if you keep on adding bells and whistles. it is more like a showoff and then spin it as integrated this and that to give such and such ‘experience’ rather than serving basic airport needs.

    luckily the white gang did not add a mini stadium, mini birdpark or mini zoo or a mini undersea world inside and spin it off as giving visitors thorough complete experience.

    caveat hor : opinion lar not fact lar.

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  • SMRT not a Gravy Train?:

    Failing to commemorate the stellar contributions of the stalwart President Ong Teng Cheong may have much to do with the foul-ups and mismanagement of SMRT – heaven is not without its moral observances.
    Have they forgotten it was Ong Teng Cheong who led the initiative to design and build our train systems? He was undaunted by the doubts and suspicions from his colleagues at the highest level.

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  • oxygen:

    @ T5,IR, etc

    YOUR RUNAWAY ESCALATING TAXES PAYING FOR THESE COSTS OVERRUN helps funding the GDP “growth” rate statistics beautification.

    How long more can these last for economically-struggling peasant Ah Sengs?

    T5, IR, etc: Recent construction projects are unprecedented pricy or grand in size. T5 is the most expensive built for unknown future. The 1.7b airport Jewel is probably the most expensive mall per sqm for unknown future. IR 9billion expansion when it’s business is stagnate is built for unknown future. So many pricy projects are built for unknown demand are merely to drive fake economy growth. How much money sg can pump in for how many years? Future PMs are in deep shit.

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