After the Bangkok Council voted 44 in favor to repay the debt for the Green Line project to Bangkok Mass Transit System Public Company Limited or BTSC, the provider of the BTS electric train service, the Bangkok Metropolitan Administration will use the Accumulated funds to repay any shortfalls. 40,000-50,000 million baht, first amount 23 billion baht
The latest Bangkok Revealing the benefits citizens will receive later Bangkok paid BTS a debt of 23 billion baht, which is the first debt, confirming that it will have a positive effect on Bangkok’s transportation development. which has the following details:
Revealing the benefits of paying off BTS debt, what do Bangkokians get when Bangkok pays off 23 billion in debt?
Why does Bangkok have to pay its debts and from when?
On 2 April 2024, BMA paid off debt to install electrical and mechanical (E&M) systems to increase Green Line liquidity. The second extension, worth 23,312 million baht, which took place since 2017, consists of
- Extension 1: On the nut bearing, Saphan Taksin-Bang Wa
- Extension 2: Bearing-Samut Prakan, Mo Chit-Khu Khot
Benefit of 23 billion debt repayment for Bangkok transportation development
1.Bangkok owns the electrical and mechanical system. (E&M) correctly There is no issue of ownership dispute with the private sector. Problems with property ownership can lead to disputes, lawsuits and delays in project development.
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