MRTA reveals the results of negotiations with BEM, the “Orange Line” offers 10 billion baht in compensation throughout the contract period. Willing to reduce fares for 10 years, speed up service between Cultural Center – Minburi (Suvindawang) ahead of schedule in early 2028, confirm ready to sign on 18th July.
MRTA reveals the results of negotiations with BEM, the “Orange Line” offers 10 billion baht in compensation throughout the contract period. Willing to reduce fares for 10 years, speed up service between Cultural Center – Minburi (Suvindawang) ahead of schedule in early 2028, confirm ready to sign on 18th July.
Deputy Governor (Operations) of the Mass Rapid Transit Authority of Thailand (MRTA) Mr. Witaya Panmongkol. The cabinet (Cabinet) meeting on July 16, 2024 decided to approve the results of the private sector selection and the main terms of the collective agreement. Orange Tax Scheme BE As per Section 42 of MRTA's Public-Private Joint Investment Act 2019
Bangkok Expressway and Metro Public Company Limited or BEM is the winner of the selection. The private sector test results concluded that BEM provides the lowest net benefits to the state. By requesting financial assistance towards civil construction costs with interest during construction. Orange Line Project, West Section, Non-Bang Khun Section – Thailand Cultural Center Total amount 95,432.04 million baht andIt proposes to pay 10,000 million baht in compensation to MRTA over the life of the joint investment agreement.
Additionally, the Selection Committee negotiated with the BEM until a negotiated settlement was reached that was beneficial to the state and the peopleReduce payments for 10 years.The Orange Line MRT Project will help reduce the cost burden of the people using the Orange Line MRT system by more than 13,000 million baht since the opening of the Eastern Section, Thailand Cultural Center – Minburi (Suvindawang) section.
This comes after the cabinet approved the results of the private sector selection and key terms of the joint investment agreement. For the Orange Line MRT project, MRTA will send a letter to BEM to sign the Joint Investment Agreement.The agreement is scheduled to be signed on July 18, 2024. Once the contract signing process is complete, MRTA will receive a letter notifying BEM to commence construction work.
However, initially, the MRTA plans to open the eastern section of the project first. May 2028 both eastbound and westbound lanes open for service. In November 2030. However, MRTA will supervise and expedite the construction work. including negotiating with BEMIn early 2028, the Orange Line MRT will open for service on the eastern section.
The Orange Line project has a line connecting East and West Bangkok in the Bang Khun Non-Buri (Suwinthawong) section, a distance of 35.9 kilometers, divided into the East section. (During the Cultural Center of Thailand – Minburi (Suvindawong), distance 22.5 kilometers, 17 stations (10 underground stations and 7 elevated stations) and the western part (non-Bang Khun section – Thailand Cultural Center), distance 13.4 kilometers, 11 stations (underground throughout the line stations)