Green Line extensions: Operator anticipates 20 billion baht debt repayment

Bangkok Mass Transit System Plc (BTSC) Chairman Keeree Kanjanapas expressed optimism concerning the repayment of overdue money owed by the Bangkok Metropolitan Administration (BMA) for the operation and upkeep of the Green Line extensions. Following a gathering with Bangkok Governor Chadchart Sittipunt yesterday, Keeree mentioned the discussions had been encouraging, and he anticipates a 20 billion baht repayment from the BMA.
Keeree revealed that the BMA owes BTSC, the Green Line operator also referred to as the BTS Skytrain, a complete of about 50 billion baht. The first part, amounting to 20 billion baht, covers the operations and upkeep bills of the Green Line extensions. The second part, estimated at 30 billion baht, is for the electrical and mechanical installations essential for the system’s operation.
Keeree expressed confidence in the company’s repayment, stating that Chadchart promised to current the issue to the Bangkok City Council for consideration subsequent month.
Regarding the 30 billion baht portion, Keeree said it must be submitted to the cabinet for approval. He noted that the caretaker government should be capable of determine Transport Minister Saksayam Chidchob, who opposes it, is at present suspended from duty. He stated
“I hope the caretaker cabinet can make a decision. If it can’t, the new authorities ought to. We’re not apprehensive as a end result of we’ve contracts hiring us to function and preserve the services.”
Chadchart confirmed that the BMA has funds to service the debts, however must ensure reimbursement is in accordance with the regulation and finances regulations, reported Bangkok Post.
Value sympathise with the operator as a result of they’re shouldering large prices offering the practice companies. But compensation should be carried out in accordance with due authorized processes.”
The issue shall be submitted to the Bangkok City Council for consideration when it reconvenes.
Last September, BTSC took the debt dispute to the Central Administrative Court, which dominated in its favour. The debt reimbursement would cover two elements — the first for the operation and maintenance of the first extension and the opposite for a similar costs for the second extension..

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