The Bangkok Metropolitan Administration (BMA) is addressing its debt management and operations at Chatuchak Weekend Market. The outstanding debt to the State Railway of Thailand amounts to 1.338 billion baht in unpaid land rental fees. This includes a court-ruled 672 million baht sum, with 605.7 million in principal rent and 66.4 million in interest up to June 2022.
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The BMA is also liable for a 5 percent interest on the principal, adding up to 101.3 million baht from June 2022 to October 2025, along with monthly compensation payments of 14.1 million baht, totaling 564.7 million baht over three years and four months. Bangkok Governor Chadchart Sittipunt affirmed the administration's commitment to repaying debt upon agreement on accurate figures.
Governor Sittipunt clarified that while the BMA has budget reserves, the case remains under appeal. The appeal seeks adjustments related to interest accrued during the COVID-19 crisis. Furthermore, the BMA plans to transfer market management back to the State Railway of Thailand, attributing the decision to their limited market operation expertise.
A proposal for the market to serve as a “soft power gateway” to boost tourism is under consideration. Earlier this year, BMA officials worked on enhancing financial management by accelerating overdue payments from vendors and preparing for a potential handover or new operational agreement.
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Adapted by ASEAN Now · Khaosod · 13 May 2026