BMA readies debt repayment

BMA readies debt repayment
In July, discussions about the debts City Hall owes the company for operations and maintenance service along the Green Line modifications will take place between Bangkok governor Chadchart Sittipunt, right, and Keeree Kanjanapas, chairman of Bangkok Mass Transit System Plc( BTSC ), the operator of the BTS Skytrain. Apichart Jinakul( picture )

After receiving the Bangkok Metropolitan Council’s( BMC ) seal of approval, the BTS Skytrain Green Line extension operator, Bangkok Mass Transit System Plc( BTSC ), is scheduled to pay the first installment of the 22 billion baht it owes to the city.

Chadchart Sittipunt, the government of Bangkok, stated that the BMC had been contacted regarding the debts relating to the Green Line extension after meeting with Prime Minister Srettha Thavisin on Monday.

A board was established in 2019 by the now-defunct National Council for Peace and Order to look for a BMA option. The BMA was told to look for more information after it tried seven days to get the cabinet’s acceptance.

Since there will be more investments in energy trains in the future, Mr. Chadchart said,” I’ve already told the prime minister that we must maintain transparency and justice for all parties, including the public and private market.” According to Mr. Chadchart, the BMC may need a few weeks to think about the issue before submitting it to the Interior Ministry the following quarter.

The BMA has suggested, according to a media cause, that the BMC decide whether to permit it to spend nearly half of its accumulated pocketbook, which total about 50 billion baht, to settle the BTSC’s arrears of 22. 8 billion rupees for the installation of the Green Line extensions’ electrical and mechanical systems.