MOT introduces bill for essential transport service stability

The new bill complements the Significant Investments Review Act.

The Ministry of Transport (MOT) has introduced a bill to strengthen the resilience of Singapore’s transport sector and safeguard the provision of essential transport services. 

The Transport Sector (Critical Firms) bill proposes a designated entities regime where key entities involved in Singapore’s provision of essential transport services can be designated by the relevant authority under their respective sectoral legislation.

Entities designated under MOT’s sectoral legislation will be subject to a target set of controls in ownership and management appointments.

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In addition, designated entities must notify the respective sectoral statutory boards of changes in their key operational and resourcing arrangements.

Designated entities under the regime will not be concurrently designated under the Significant Investments Review Act 2024.

The bill seeks to amend the Bus Services Industry Act 2015, the Civil Aviation Authority of Singapore Act 2009, the Maritime and Port Authority of Singapore Act 1996, and the Rapid Transit Systems Act 1995.