Bangkok, BTSC Expect to receive money to enhance liquidity this month after Royal Gazette The Royal Gazette announced regulations for BMA to pay over 23.4 billion baht in debt for installation of the Green Line system and hopes that another 30 billion baht in debt for operating wages will be paid next.
Today (13 March 2024) the Royal Gazette announces the Bangkok Metropolitan Administration regulations. Additional budget expenditure for 2024 in the amount of 23,488,692,200 baht to pay off debt for the company. Bangkok Mass Transit System Public Company Limited, the concessionaire and operator of the Green Line or BTS Green Line, Extension 2, Bearing-Samut Prakan section. and the Mo Chit-Saphan Mai-Khu Khot section
Mr. Suraphong Laoha-Unya, President and CEO of Bangkok Mass Transit System Public Company Limited or BTSC, said the company expects to receive a budget for installation of the train operation and mechanical system or Signaling (EandM) system. More than 23.4 billion baht from Bangkok within this m
onth. After making a demand letter at the end of 2022 and having negotiated with Bangkok Thanakom Company Limited (KT), and there was an agreement until today, the Royal Gazette issued an announcement for Bangkok to pay BTS’s debt in the said amount.
However, there is still one more part of the debt KT and Bangkok still owe to BTS, which is the amount of bus operating wages. Green Line Electricity Extension 1 and Extension 2, total amount of 30 billion baht. The company has filed a lawsuit against the Administrative Court for 2 amounts and the BMA has appealed. and is currently being considered by the Supreme Administrative Court The first case called for a debt of 12 billion baht from May 2019 – May 2021, which the Central Administrative Court ruled in favor of Bangkok. and KT has paid and is waiting for the Supreme Administrative Court to issue an order, and the second case is suing for operating wages for Extension 1 and Extension 2, another 11 billion baht, from June 2021 to October 2022.
‘The Bangkok M
etropolitan Administration will pay such money. It is considered very good news. It will help improve the liquidity of the company. And it is expected that You will also receive wages for operating the train,’ Mr. Suraphong said.
Source: Thai News Agency