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Thai Buses Back in Black by 2006.
Byline: Wichit Chantanusornsiri
Jun. 3--The loss-ridden Bangkok Mass Transit Authority hopes to cut its operating losses to the break-even point by 2006 and turn a profit in later years under a new restructuring plan.
The Bangkok bus operator has amassed accumulated losses of 43 billion baht, with additional losses of three billion per year, due to inefficiencies and the cost of offering subsidised fares.
The plan covers existing losses of 30 billion baht, another seven billion in liabilities incurred from bus purchases and another two billion in projected costs coming due next year for an early retirement programme aimed at streamlining the ...
- Restructuring of struggling BMTA under consideration.
- Newspaper article from: Bangkok Post (Bangkok, Thailand) June 20, 2005 700+ words
...according to Finance Ministry officials. The BMTA is one of the country's worst performing...officials acknowledge that a listing of BMTA now, even assuming that its balance sheet...within the capital. "The fact is that BMTA cannot pay its debt as it stands, and...
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...Revenues from each bus operated by the BMTA have to support around two to three employees...and Government Securities Office. The BMTA currently operates 3,600 vehicles with...Railway of Thailand. "Basically, the BMTA needs to reduce its operating costs...
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- Thai Buses Back in Black by 2006.
- Newspaper article from: Knight Ridder/Tribune Business News June 3, 2004 700+ words
...that for the BMTA to simply...non-air conditioned buses, fares would...2005, the BMTA plans to phase...non-air conditioned buses, with new...Currently, air-conditioned buses represent 54 percent of the BMTA's entire...
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- Newspaper article from: Knight Ridder/Tribune Business News August 28, 2001 700+ words
...trustworthy employees of the BMTA. However, Mr Pongsakorn is...take business away from other BMTA services including air-conditioned buses and vans. With competition...taxi industry very high, the BMTA's fleet might not be competitive...
Source: HighBeam Research, Thai Buses Back in Black by 2006.