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Sunday, May 5, 2024

Prayut Cabinet passes on BMA’s THB78-bn Green Line debt issue to next govt

The Prayut Cabinet had earlier ordered the BMA to present a detailed report after the Cabinet held at least seven meetings to discuss BMA’s debt to BTSC.

The Interior Ministry, which supervises the BMA, had earlier asked the Cabinet to grant extension of the BTS Skytrain concession to adjust the debt the BMA owes BTSC. But the Transport Ministry disagreed with the Interior proposal, so the Cabinet asked the BMA to come up with a report with more details about the debt.

The debt was the cost occurred from the construction and operation of the Green Line extension from Mor Chit to Saphan Mai and Kukot, and from Bearing station to Samut Prakan. The outstanding debt was as of March-end this year, the sources added.

Earlier, BMA Governor Chadchart Sittipunt had proposed that the Cabinet approve 22 billon baht for paying the debt over the system installation cost and renegotiate a…

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