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Skytrain breaking even, debt deal imminent for Thai transit system.
Byline: Charoen Kittikanya
Dec. 1--Bangkok Mass Transit System Co (BTSC) is increasingly bullish about its future prospects thanks to improved ridership on its Bangkok skytrain, boosted in part by links with the new subway system.
BTSC said that with ridership now at around 380,000 per day, revenues were sufficient to cover interest on its 30-billion-baht debt. The company, which is now paying about 70 percent of its interest, has been in debt restructuring talks with lenders for four years.
According to Anat Arbhabhirama, an adviser to the BTSC board, the Mor Chit skytrain station had seen a slight decrease since the launch of the subway, but ...
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Source: HighBeam Research, Skytrain breaking even, debt deal imminent for Thai transit system.