Singapore legislation
Regulation 3
Regulation 3
Assessment of annual value of relevant rapid transit system
Subregulation 1
Subject to this Order, the annual value of the North-East Line in any year during the period from 20th June 2003 to 19th June 2008 (both dates inclusive) shall be 30% of the gross receipts from the operation of the North-East Line during the preceding calendar year.
Subregulation 2
Subject to this Order, the annual value of the Punggol Light Rapid Transit in any year during the period from 29th January 2005 to 28th January 2010 (both dates inclusive) shall be 30% of the gross receipts from the operation of the Punggol Light Rapid Transit during the preceding calendar year.
Subregulation 3
Subject to this Order, the annual value of the Sengkang Light Rapid Transit in any year during the period from 18th January 2003 to 17th January 2008 (both dates inclusive) shall be 30% of the gross receipts from the operation of the Sengkang Light Rapid Transit during the preceding calendar year.