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BTS Group Holdings Plc. (BTS) is demanding that the Bangkok Metropolitan Administration (BMA) settle the about 40 billion baht in debt it owes to the corporate over the operation of the second extension of the Inexperienced Line prepare undertaking.
The corporate launched a 124 second video clip yesterday (Monday) of an interview with its chairman, Keeree Kanjanapas, interesting to the BMA and the federal government to settle the 3-year-old debt. He mentioned the debt was incurredduring firm’s funding within the set up of programs for the extension and its subsequent operation.
There are two extensions to the Inexperienced Line and the infrastructure building was undertaken by the Mass Fast Transit Authority of Thailand, underneath the jurisdiction of Ministry of Transport.
Prepare fares on the 2 extensions haven’t been collected by BTS for the reason that graduation of the companies, as a result of authorized issues and disagreements over the fares.
Keeree mentioned that the corporate has been charged curiosity, on every day foundation, by its creditor banks on cash borrowed for funding within the undertaking, however the firm has not ceasedoperating the prepare service as a result of the general public can be adversely affected.
In the meantime, Bangkok Governor Chadchart Sittipunt assured that the debt owed by town administration will certainly be settled, but it surely have to be carried out in response to the correct authorized course of.
He famous that there are nonetheless unresolved authorized points, namelywhether the contract to rent BTS to put in the operatingsystem and function the second extension was permitted by the Metropolis Council.
He mentioned he has sought a solution from the Metropolis Council, including that, if not, then one thing have to be carried out to unravel the issue, which can imply {that a} new contract would have to be signed between BTS and the BMA.
The governor additionally mentioned that the BMA will discover out whether or not the switch of the infrastructure of the second extension to the BMA has been permitted by the Metropolis Council, as a result of town administration must pay the MRT for the infrastructure.
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