BTS Group Holdings (BTSG) is optimistic that the Bangkok Metropolitan Administration (BMA) will be able to pay the first 20 billion baht tranche the 50 billion baht owed to the BTS for operational costs and maintenance of the two Green Line train extensions.

 

Keeree Kanjanapas, chairman of BTSG, said today (Monday) that Bangkok Governor Chadchart Sittipunt has promised that he will propose the debt issue for city council consideration next month.

 

He said that he is optimistic that the BTS will receive the first 20 billion baht, adding that the company has actually operated the two extensions and there is a contract between the BMA and the BTS to operate the extensions from Mor Chit to Khu Khot in Pathum Thani and from Bearing to Keha in Samut Prakan.

 

Caption: The Green Line is the name for the original BTS route that covers the inner zone of the capital. It has been extended to currently covers 59 stations spanning three provinces and running a total distance of 67.45km. (Photo by ThaimaaOpas)

 

Full Story: https://www.thaipbsworld.com/bts-hopeful-that-bma-will-repay-the-first-20-billion-baht-of-debt-soon/

 

-- © Copyright Thai PBS 2023-06-12

 

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10 hours ago, snoop1130 said:

Keeree Kanjanapas, chairman of BTSG, said today (Monday) that Bangkok Governor Chadchart Sittipunt has promised that he will propose the debt issue for city council consideration next month

Two words..... does not constitute payment.

50 billion and rising each day. This has been a fugly battle.

 

Fares are too low, without significant subsidization.

 

The BMA wants (/hopes/prays)  the government to bail them out.

 

 

In other news...

 

Bangkok's Airport Rail Link still suffering big losses from drop in passenger numbers

 

Bangkok’s Airport Rail Link operator has been losing approximately 70 million baht per month as passenger traffic has not returned to pre-pandemic levels yet, the State Railway of Thailand (SRT) said.

 

https://www.nationthailand.com/thailand/general/40028026

 

Looking for the word disbursements but can't find it but it is sure to be there somewhere in this story ????

12 hours ago, snoop1130 said:

He said that he is optimistic that the BTS will receive the first 20 billion baht,

I've been waiting 15 years for my B-i-L to repay money he 'borrowed' to pay for his daughter's school fees. I, too, am hopeful, nay optimistic.

Edited June 13, 20233 yr by mikebell
extra thoughts.

6 hours ago, sammieuk1 said:

Looking for the word disbursements but can't find it but it is sure to be there somewhere in this story ????

Could appear as 'Administration charges' ????