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BMTA wants to raise bus ticket prices in Bangkok to limit losses

By Editorial
Posted in News from Thailand
Tags: , , , ,
February 4 2017

The public transport company of Bangkok (BMTA) intends to make a bus ticket more expensive. This is necessary because the company is deeply in debt. The debts together amount to more than 100 billion baht.

Transport Secretary Pichit proposed the increase yesterday during a meeting with the management of the BMTA. The city bus company makes 4 to 5 billion baht annually.

Pichit has asked the BMTA to come up with a remediation plan. He wants to end the big losses. The secretary of state thinks it is fairer to make commuters in Bangkok pay more than to shift the debt burden onto every taxpayer in Thailand, because now the government is closing the gaps in the budget.

The rate increase is a first step and a short-term measure, says Pichit. In the long term, the company needs to be vetted and reorganized.

Source: Bangkok Post

Number of times read: 191

2 responses to “BMTA wants to raise bus ticket prices in Bangkok to limit losses”

  1. Cor Verkerk says up
    4 February 2017 at 20: 27

    Only 100 billion baht in debt, wonder how much all these state-owned companies are carrying for a debt in total.

  2. Leon says up
    5 February 2017 at 18: 48

    I would start with a purge in the top… 100 billion in debt with 5 billion a year in revenue. Somewhere something of that 5 billion is hanging on the bow, I suspect. But yes, welcome to Thailand 55555


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