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MRTA to get free land for depot

By on Nov 30, 2012 in Property News

The Mass Rapid Transit Authority has reached an agreement with Bangkok Land to use 30 rai (4.8 hectares) in Muang Thong Thani at no charge to build a parking garage and maintenance depot for the Pink Line.

Yongsit Rojanasrikul, governor of the MRTA, said yesterday that it would open bidding for the construction of the Pink Line from Khae Rai to Min Buri in the middle of next year.

The budget for the garage and depot project is Bt1.5 billion.

Bangkok Land has offered the land for free but reserved the right to develop a commercial structure over the garage and depot building.

Since the project would entail an investment of more than Bt1 billion, the MRTA is seeking a ruling on whether it would fall under the scope of the Public-Private Joint Venture Act.

“We sent this deal to the Council of State last month,” Yongsit said.

The MRTA targets an average of 200,000 passengers a day on the Pink Line when it starts operating, based on an average of 15 million visitors a year to Muang Thong Thani, in Nonthaburi’s Pak Kret district.

Bangkok Land has said it is willing to offer the land for the MRTA to use because the company plans to develop a shopping centre above the transit authority’s railway yard.

However, if the MRTA does not use the land, the company plans to spend Bt600 million to develop a monorail link to the Pink Line to support its exhibition and retail businesses at Muang Thong Thani in the future.

Source : The Nation 28 November 2012

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