Andy Mukherjee, Columnist

Friendly Nationalization, Singapore Style

Using the city-state's transport regulator and investment firm to take full control of SMRT could solve the island's subway woes.

July 18, 2016 at 6:36 AM UTC

By Andy Mukherjee

Andy Mukherjee is a Bloomberg Opinion columnist covering industrial companies and financial services in Asia. Previously, he worked for Reuters, the Straits Times and Bloomberg News.

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Transport Minister Khaw Boon Wan is Singapore's Handy Manny, and hola, it looks like he has already put his tools to work.

SMRT Corp., the city-state's biggest train operator, is being relieved of the misery of upgrading, replacing and expanding its network with private capital. It will offload S$991 million ($735 million) in trains, signaling systems and related assets to the national transport regulator.