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Potential source of high revenues.

Bangkok Post (Bangkok, Thailand)

| May 03, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Wichit Chantanusornsiri

May 3--MFC Asset Management estimates that up to 90 billion baht in revenues could be realised from the development of railway properties along new proposed mass transit routes in Bangkok.

The government is reviewing investment plans to build seven new light rail routes in Bangkok at a proposed cost of 500 billion baht.

MFC, an adviser to the government on funding options for the programme, has proposed that land controlled by the State Railway of Thailand be used to raise funds to offset the investment cost.

The SRT controls large plots of land throughout Bangkok, including five or six plots located near ...

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