BMA to pay first instalment of 22 billion baht debt for BTS Skytrain extension

[snoop1130]

 

The Bangkok Metropolitan Administration (BMA) is set to pay the first instalment of the 22 billion baht debt it owes to Bangkok Mass Transit System Plc (BTSC), the operator of the BTS Skytrain Green Line extension next month. This payment comes after the expected approval from the Bangkok Metropolitan Council (BMC). The debt relates to the Green Line extension and was discussed with Prime Minister Srettha Thavisin earlier this week revealed Bangkok Governor, Chadchart Sittipunt.

 

The debt issue was first addressed in 2019 by the now-disbanded National Council for Peace and Order, which formed a panel to devise a solution. Despite its efforts, the panel failed to secure cabinet approval seven times, prompting further information gathering by the BMA.

 

The 57 year old Chadchart emphasised the necessity of transparency and fairness for all parties involved, including the public and private sectors. This is particularly important as more electric train investments are anticipated in the future.

 

The BMC is expected to take a few weeks to deliberate the matter before forwarding it to the Interior Ministry next month.

 

By Mitch Connor

Caption: Picture courtesy of Wikipedia

 

Full story: The Thaiger 2023-09-20

 

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[Searat7]

The debt is supposedly 40 billion b not 22 billion. Anyway it is good to see that the new government is finally taking some action after Prayut and his cronies kicked the can down the road for years. This is a valid debt.

[retarius]

How will they make out with the 20 baht anywhere fare?