Can new Bangkok governor tame ‘black hole’ of city investment arm?

[webfact]

 

By Thai PBS World’s General Desk

 

Branded a breeding ground of corruption by newly elected Bangkok Governor Chadchart Sittipunt, Krungthep Thanakom Co Ltd is set for a major transformation under his administration.

 

Chadchart’s chosen man, Prof Tongthong Chandransu has taken over as chairman and president of the state enterprise, which functions as City Hall’s investment arm. He is expected to inject transparency and efficiency into the operation, in line with Chadchart’s campaign pledge.

 

Krungthep Thanakom has often been linked with big scandals that have hit the Bangkok Metropolitan Administration (BMA) over the years. The company has handled many multibillion-baht projects, including those related to the BTS Green Line, BTS Gold Line, BRT (Bus Rapid Transit), waste collection and disposal, and the scheme to bury Bangkok’s snarl of overhead cables.

 

Bones of contention

 

Chadchart has vowed to lift the veil of mystery surrounding Krungthep Thanakom’s involvement in mega projects. For instance, the public still has no idea about the details of the controversial contract, signed by the BMA through Krungthep Thanakom, granting Bangkok Mass Transit System Plc (BTSC) the concession to run the BTS Green Line until 2042. It is also a mystery as to how the BMA financed the 25-billion-baht project to bury cables.

 

Full story: https://www.thaipbsworld.com/can-new-bangkok-governor-tame-black-hole-of-city-investment-arm/

 

-- © Copyright Thai PBS 2022-06-22

 

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[stoner]

no

[peter zwart]

I wish him all the succes. 

[MRToMRT]

Point one way and make a noise then no one is looking at all the other bits. 

[warrima]

I think he will start of with good intentions but the long term career civil servants in place will gradually grind him down. People don't like it if you mess with their rice bowl. The corruption is entrenched and is essentially accepted. 

[ezzra]

55 minutes ago, webfact said:

Chadchart has vowed to lift the veil of mystery surrounding Krungthep Thanakom’s involvement in mega projects

Corruption can only flourish with the help of the very high up and the people who doesn't care to know because as all Thai people know very well that corruptions, in all its forms, is the oil that moves things around and sometimes its works for them and other times against them...

[hotchilli]

21 hours ago, webfact said:

Chadchart’s chosen man, Prof Tongthong Chandransu has taken over as chairman and president of the state enterprise, which functions as City Hall’s investment arm. He is expected to inject transparency and efficiency into the operation, in line with Chadchart’s campaign pledge

I wish them the best of luck, however it's widely known that without greasing palms nothing gets done.