A 125-billion-baht debt owed by the Bangkok Mass Transit Authority (BMTA) will be transferred to the Ministry of Finance, only if the BMTA’s rehabilitation plan proves effective, Finance Minister Arkhom Termpittayapaisith said on Tuesday.
On Monday, Mr Arkhom met Transport Minister Saksayam Chidchob to discuss the BMTA’s rehabilitation plan. Mr Arkhom said he provided Mr Saksayam with details of the plan, which were recently changed. Mr Arkhom said the rehabilitation plan will be submitted to the cabinet for consideration.
The proposed transfer of the state enterprise’s debts to the Ministry of Finance is intended to ease the BMTA’s longstanding burden in repaying over 100 billion baht worth of debt, plus interest. The debt transfer is one of the options proposed for turning the BMTA around, he said.
More importantly, the ministry will have to study the details of…