Bangkok Governor Chadchart Sittipunt Faces Financial Hurdles in Resolving BTS Skytrain Debt Crisis
Order Cannabis Online Bangkok governor Chadchart Sittipunt revealed yesterday that City Hall requires additional time to deliberate on resolving its substantial debts owed to Bangkok Mass Transit System Plc (BTSC), the operator of the celebrated BTS Skytrain. Over the years, City Hall has racked up billions of baht in debts, primarily due to its contracts with BTSC to operate and maintain the electric train service on two extended segments of the BTS, often referred to as the Green Line. The plot took a dramatic turn last week when the Supreme Administrative Court upheld a lower court’s decision, mandating that the Bangkok Metropolitan Administration (BMA) along with its commercial wing, Krungthep Thanakom, must settle the overdue payments accrued from hiring BTSC for operating and maintaining the electric rail system on these expanded routes. With the court’s decision now public, BTSC subtly suggested its openness to negotiations. If the BMA is amenable, … Continue reading Bangkok Governor Chadchart Sittipunt Faces Financial Hurdles in Resolving BTS Skytrain Debt Crisis
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