Private funds sought for Grey Line

The Bangkok Metropolitan Administration (BMA) is planning to launch a bidding process to secure private investment in the Grey Line monorail project within the next two years, with an investment budget of 27 billion baht.

In a meeting weighing up the pros and cons of public-private partnership (PPP) models to determine what types would be appropriate for the project, Chatree Wattanakhajorn, deputy permanent secretary for the BMA, said the study will first be vetted by Bangkok governor-elect Chadchart Sittipunt.

“Study details on engineering, investment and the environment of the Grey Line project linking the Vacharapol area in northern Bangkok with Thong Lor in the Sukhumvit business area will also be concluded so they can be sent to Mr Chadchart, before they are submitted to the cabinet for further approval by next year,” Mr Chatree said.

For the Grey Line…