The taskforce includes not just SMRT and SBS Transit, but also specialists from the rail sector, and will address recent MRT and LRT service disruptions.
Commuters can expect more reliable rides on the Bukit Panjang LRT from 2022, when the majority of its $344 million overhaul is expected to be completed.
The Bukit Panjang LRT has broken down after a train damaged a signal stop tape, which is used to indicate where the driverless trains should stop.
Services on the North-South Line and Bukit Panjang LRT line were disrupted within half an hour of each other on Tuesday night.
Train service on Bukit Panjang LRT on Wednesday morning started more than an hour later than scheduled due to a track fault that damaged 15 trains on Tuesday.
Rail operator SMRT Corp said Tuesday evening's breakdown of the Bukit Panjang LRT was caused by a dislodged train part.
SMRT said a train on the system stalled between Phoenix and Bukit Panjang stations after a power trip affected trains throughout the LRT system.