Pink, yellow lines secure ADB funding

[webfact]

Pink, yellow lines  secure ADB funding 

By The Nation

 

 

Asian Development Bank (ADB) has signed a Bt9.9-billion loan agreement with Northern Bangkok Monorail Co Ltd and Eastern Bangkok Monorail Co Ltd for construction cost of the pink and yellow lines.

 

ADB's deputy director general Christopher Thieme said the bank supports infrastructure development in Asia countries. This project will improve the mass transit system in Bangkok and reduce cost of living for residents  in the city.

 

Northern Bangkok Monorail Co Ltd will operate the pink line stretching from Bangkok to Karai Nonthaburi, totalling 34.5 kilometres.  Eastern Bangkok  Monorail Co Ltd  will  manage the 30-kilometre yellow line from Bangkok to Sam Rong Samutprakarn province.

 

Source: http://www.nationmultimedia.com/detail/Corporate/30370546

 

-- © Copyright The Nation 2019-06-05

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[Srikcir]

3 hours ago, webfact said:

Bt9.9-billion loan agreement

I can't find any information about the loan details.

As the project involves public transportation, loan details should be made public to assure the public will be paying a properly set fare as loan default of such projects ultimately costs the government and its taxpayers.

Furthermore, there should be transparency in the project cost and fares to assure no corruption.

In short there's a whole lot of information missing from public scrutiny.