Government to study BTSC, BMCL balance sheets.

(From Thai Press Reports)

Section: Business News - The government will study the balance sheets of both skytrain operator Bangkok Mass Transit System Corp (BTSC) and subway operator Bangkok Metro Plc (BMCL) ahead of beginning the buyout talks with both operators mid-September this year.

Deputy permanent secretary for finance Uthis Thammawathin, as head of a committee entrusted with the task of negotiating with the private operators on the planned buybacks of the skytrain and subway concessions, said he expects the committee to be able to finalise the talks by the year-end before pushing ahead with the government's plan to expand the existing routes of the …