PUBLISHED: 23 Nov 2024 at 06: 10
The Bangkok Metropolitan Council ( BMC) has approved the Bangkok Metropolitan Administration’s ( BMA ) request for a 14.54-billion-baht budget for paying the debt owed to Bangkok Mass Transit System Plc ( BTSC), the operator of the BTS Skytrain.
Bangkok governor Chadchart Sittipunt presented a draft ordinance for an additional$ 14.54 billion baht budget allocation at a meeting held on Friday by the BMC.
According to a decision from the Supreme Administrative Court in July, the funds are intended to settle outstanding obligations related to the operation and maintenance of the BTS Green Line.
As of Nov 1, the BMA’s financial resources for the 2025 governmental month amounted to 81.43 billion baht, with unfettered money totalling 38.3 billion ringgit.
While this allocation will address a part of the city’s economic duty, BMC part Napapol Jirakul, representing Bangkok Noi area, pointed out that the BMA’s total liabilities are around 40 billion rmb, incurring everyday interest charges of 7 million baht.
He emphasized that paying off the interest on the loan may save more than 100 million baht, which could be diverted to other development tasks.
A 24-member ad-hoc committee was established to examine the law after the BMC unanimously approved Mr. Chadchart’s proposal by a majority vote of 37 users. To finalize the document, the committee has 45 days to explicit and a 10-day time for amendments.
Mr. Chadchart claimed that the Supreme Administrative Court has now decided to dismiss further appeals because it already had to do so.
But, requests for information on the results from the NACC were denied.