Editing Land Transport Authority (section)

===1996 Land Transport White Paper===
On 2 January 1996, the Land Transport Authority published the 1996 Land Transport White Paper, titled "A World Class Land Transport System". It outlined the government plans. Changes to existing schemes were proposed along with schemes were introduced across various transport sectors. This included the Electronic Road Pricing (ERP) scheme, which eventually become ubiquitous in the city state.

====1996 Rail Financing Framework====
The 1996 Rail Financing Framework was a scheme that set out the financing framework of the rail transport system. In the white paper, it was phrased that the financing framework of the rail transport system would eventually be run on the basis of partnership, which the government and its regulatory authority would provide the assets and infrastructure (which remain fully owned by the regulatory authority), with commuters paying for the operating costs and operators extracting efficiency dividends within standards and fares set by the regulatory authority.<ref name=":0">{{Cite book|title=50 Years Of Transportation In Singapore: Achievements And Challenges - World Scientific Series On Singapore's 50 Years Of Nation-building|last=Fwa Tien Fang|publisher=World Scientific|year=2016|isbn=9789814651615|location=Singapore|pages=112–117}}</ref>

The framework allowed for an open up of the rail transport market with the operation aspects of the industry no longer tied to the authorities, allowing for more autonomy of the incumbent operator and new operators to enter the market. This also laid the foundation for the restructure and flotation of [[SMRT Corporation]], previously a state-owned incumbent operator under the name Mass Rapid Transit Corporation, in 2000. Subsequently, the MRT logo was replaced in 2001 into the yellow and green logo and was designed after the privatisation of SMRT Corporation and SBS currently operates the North East Line, Sengkang LRT and Punggol LRT.<ref name=":0" />

The framework was revised in 2008 as the New Rail Financing Framework (NRFF), which saw the regulatory authority re-assuming the full ownership of all rail assets, where the ownership and maintenance of which were previously held responsible under the individual operators.<ref>{{Cite news|url=https://www.straitstimes.com/singapore/transport/new-rail-financing-framework-9-things-to-know-about-agreement-between-smrt-and|title=New rail financing framework: 9 things to know about agreement between SMRT and Govt|last=hermesauto|date=2016-07-15|work=The Straits Times|access-date=2018-07-29|language=en|archive-date=12 November 2021|archive-url=https://web.archive.org/web/20211112051949/https://www.straitstimes.com/singapore/transport/new-rail-financing-framework-9-things-to-know-about-agreement-between-smrt-and|url-status=live}}</ref><ref>{{Cite news|url=https://www.gov.sg/factually/content/6-things-you-need-to-know-about-the-new-rail-financing-framework|title=6 things you need to know about the New Rail Financing Framework|access-date=2018-07-29|language=en|archive-date=29 July 2018|archive-url=https://web.archive.org/web/20180729131857/https://www.gov.sg/factually/content/6-things-you-need-to-know-about-the-new-rail-financing-framework|url-status=live}}</ref><ref>{{Cite web|url=https://www.lta.gov.sg/apps/news/page.aspx?c=2&id=aa0d44f9-e909-46f2-92af-792f2efe4992|title=SMRT Trains and SMRT Light Rail to Transit to New Rail Financing Framework {{!}} Press Room {{!}} Land Transport Authority|website=www.lta.gov.sg|language=en|access-date=2018-07-29|archive-date=29 July 2018|archive-url=https://web.archive.org/web/20180729112001/https://www.lta.gov.sg/apps/news/page.aspx?c=2&id=aa0d44f9-e909-46f2-92af-792f2efe4992|url-status=live}}</ref>