Thai Cabinet allocates over 5bil baht to bolster Bangkok transit system and state railway


BANGKOK (The Nation/Asia News Network): The Cabinet on Tuesday (Nov 30) agreed to provide subsidies of 2.28 billion baht to the Bangkok Mass Transit Organisation (BMTA) and 3.38 billion baht to the State Railway of Thailand (SRT).

These funds are being allocated to compensate for losses incurred by BMTA and SRT as well as to boost their liquidity.

The Cabinet has also instructed the two organisations to seek ways of reducing their reliance on subsidies, boosting revenue and reducing costs.

BMTA said it will expedite the preparation of a business rehabilitation plan that is in line with plans to reform the public bus system in Greater Bangkok.

The SRT, meanwhile, has been instructed to come up with a business recovery plan, especially to earn additional income from the transfer of assets.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Thailand , transit , railway , allocation


Next In AseanPlus

WHO chief warns Covid-19 pandemic "nowhere near over"
Indonesia suffers another strong quake - injures one and causes property damage
Upward trend in infections keeps Thailand under Covid alert level 4
Twitter suspends hundreds of accounts promoting Philippines' Marcos Jr
In memory: a Buddhist monk and a Zen master who brought mindfulness to West dies in Vietnam
Myanmar: Growing number of foreign firms head for door
Covid-19: Another 4,116 cases, nine new clusters recorded, says Health DG
Omicron patients can stay home, says Cambodian govt as 16 more local virus variant patients confirmed on Saturday (Jan 22)
Health authorities in Laos ease requirements for newly discharged Covid-19 patients
Brunei: Four months’ jail and fine for overstaying Indonesian woman

Others Also Read