Transport Co to lease out some of its real estate assets

The state-run bus operator, Transport Co Ltd, is planning to lease out some of its real estate assets in Bangkok and Chon Buri in a bid to generate more income for the company, its managing director Sanyalak Panwattanalikhit said on Wednesday.

Mr Sanyalak was referring to four properties totalling 30 rai owned by Transport Co in Bangkok and Chon Buri, which are valued at 7.6 billion baht.

He said the company will accept bids from the private sector to develop two of the land plots this year — a three-rai land plot near Fai Chai intersection in Bangkok Noi district, which is worth 428 million baht; and a 5-rai bus terminal in Chon Buri’s Muang district worth 113 million baht.

He also said that Transport Co would start gauging the private sector’s interest in the plots today. After that, Transport Co would accept submissions of terms of reference from interested…