Bangkok faces 11.75 billion baht Green Line debt crisis

[reader]

From The Thaiger

The Bangkok Metropolitan Administration (BMA) and its business arm, Krungthep Thanakom (KT), are urgently reviewing a National Anti-Corruption Commission (NACC) ruling before they settle a colossal 11.75 billion baht debt owed to the Bangkok Mass Transit System (BTSC). This follows a Supreme Administrative Court order on July 26, which gave BMA and KT just 180 days to pay up.

The debt, linked to the operating and maintenance (O&M) costs of the Saphan Taksin-Bang Wa and On Nut-Kheha Green Line extensions, is now under intense scrutiny due to a potentially game-changing NACC ruling.

The NACC previously determined that the BMA’s decision to hire BTSC to operate three extensions of the Green Line between 2021 and 2042 might have violated key laws, including the Private Participation in State Undertaking Act and the Act Concerning Offences Relating to the Submission of Bids to Government Agencies.

[Keithambrose]

10 hours ago, reader said:

From The Thaiger

The Bangkok Metropolitan Administration (BMA) and its business arm, Krungthep Thanakom (KT), are urgently reviewing a National Anti-Corruption Commission (NACC) ruling before they settle a colossal 11.75 billion baht debt owed to the Bangkok Mass Transit System (BTSC). This follows a Supreme Administrative Court order on July 26, which gave BMA and KT just 180 days to pay up.

The debt, linked to the operating and maintenance (O&M) costs of the Saphan Taksin-Bang Wa and On Nut-Kheha Green Line extensions, is now under intense scrutiny due to a potentially game-changing NACC ruling.

The NACC previously determined that the BMA’s decision to hire BTSC to operate three extensions of the Green Line between 2021 and 2042 might have violated key laws, including the Private Participation in State Undertaking Act and the Act Concerning Offences Relating to the Submission of Bids to Government Agencies.

Surely not corruption, on Government contracts. Unheard of...