The transportation sector in Singapore has picked up the pace in recent times. This development can be linked to the introduction of the Electronic Road Pricing (ERPs) and the Certificate of Entitlement (COEs) by the government in addition to the emphasis placed on the public transport and system and taxi operation companies in recent years.
Also, there are various private companies armed with high-end technology that has also weighed in into the transport system. Some of which include Uber, Grabcars and Grabtaxis that adopt technology to ease commuting. In addition, there are also host of other car rental services that are available. Regardless, most people are still missing the aim on some of the vital areas of their daily commute, which is one of the most important movers of everyday commuters that are easily overlooked. Despite its diligent service to tons of workers that use it every day.
This behavior can somehow be linked to the fact that people can easily forget something that serves them on a daily basis, to the extent that its importance is somewhat suppressed. This private sector driven initiative is the private bus transportation that helps commuters commute to their workplaces daily. Although the private bus service is usually company or industry-specific that serves a small number of employees, it still plays a very instrumental role in alleviating the country’s transportation issues and helping workers commute to work in time.
Transportation in the country
In 2011, passengers travelled an average of 9.8 km daily. This figure has since marginally improved to around 9.7 km. This translates to a shorter distance time travelled which is mainly because of an improved transportation and road system – something that is the direct impact of stakeholders and a number of private initiatives and companies that have brought about this improvement.
One major difficulty that Singapore has faced with its massive population relative to its road network and the decreasing physical land to accommodate the increasing number of vehicles on the road.
The bus system is a great transportation option that conveys a lot of travelers in the same direction faster and it also a safe option. Out of the 200km land that buses currently operate on, there are about 300 bus stops under the “Give Way to Buses” scheme. This ensures that buses can move around a little faster and safer.
With over 5.4 million people in the country and only about 3000 km of expressways, collector roads, local access roads and arterial roads, the majority of commuters are almost compelled to rely on buses to move around from place to place. There are currently about 3000 buses plying these roads and the private sector is needed to boost this number.
Owing to this fact, various Small and Medium Enterprise (SMEs) that are in dire need of financial assistance are taking on this issue to increase their fleet of buses to serve more of the population. The faster commuters can arrive at work, the better the economy fares, and the higher the standard of living is going to be for every citizen.
Mrs Josephine Teo, Senior minister of state for transport reckons that; “There is a role for private transport as a complement to public transport, which must remain the main mode of transport for the daily commute.” However, the first step towards realizing this goal is the much-needed funding and Krish Chartered Bus Services is one of such companies that is in dire need of funding to make commuting easy for the general populace.
Krish Chartered Bus Services Pte Ltd
The company is well-versed in areas that include operations, finances and even rules and regulations that are included in the private transport chartering industry. The company has also made giant strides in the aspect of securing contracts from both the public and the private sector in need of bus transport services. The company also boasts of an excellent management and a steady income stream from clients who are satisfied with their services.
While being only in its fourth operational year, Krish Chartered Bus Services Pte Ltd (KBS) is already boasting amazing figures and statistics with net profit up by more than 100% from when it initially set up. The company has also witnessed a 600% rise in its net profit from its inception till now. In addition, the company’s fleet size and contracts have also soared and the company is trying to raise enough funds via business funding with the aid of the industry leader Vantisco Global.
KBS is sourcing for capital to help them mount a greater presence in the private bus transport system in the country. The minimum funding is pegged at $30,000 with a payout of 18% per annum. Included in this agreement are a legal agreement and a personal guarantee by the director of the company.
To fund and join in the business funding project by KBS, you can visit Vantisco Global’s website to find out more. Remember that as you support and partake in this business funding campaign, you are not just helping to boost the Transportation Company and system in the country, but you are also investing your money in an excellent company with guaranteed returns.