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Bangkok Post
Bangkok Post
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EXPLAINED: Bma sorely needs financial advisers | Rare Historical Photos

In this file photo, the BTS skytrain is seen on the rails leaving Saint Louis station, pictured from Chong Nonsi station above Sathon Road. (Photo: Arnun Chonmahatrakool)

On Sept 7, 2022, the Central Administrative Court ordered the Bangkok Metropolitan Authority (BMA) and its wholly owned subsidiary Krungthep Thanakom (KT) to pay Bangkok Mass Transit System Public Company (BTS) back overdue Operating and Maintenance (O&M) fees on extensions 1 and 2 of the Green Line (Sky Train) in the amount of 11.75 billion baht within 180 days.

Obviously, neither the BMA nor KT have the ability to pay such an amount and are buying time by planning to appeal the case to Supreme Administrative Court. In my view, there is almost no chance of the BMA and KT winning the appeal.

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