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Transport System – Purple Line Deal Agreed

By on Sep 11, 2013 in Property News

BMCL signs 30-year contract with MRTA.   Bangkok Metro Plc (BMCL), the SET listed subway operator, expects construction of the Purple Line extension will be up and running 40 months from now, two years behind the original schedule of 2015.

“The concession is expected to be completed within 40 months, but we hope it will be sooner than that,” said executive chairman Plew Trivisvavet.

BMCL, which operates 20 kilometres of subway trains and 18 stations from Hua Lamphong to Bang Sue, yesterday signed an 82.6-billion-baht contract with the Mass Rapid Transit Authority of Thailand (MRTA) for the procurement, installation, operation and maintenance of the Purple Line.

The route is expected to boost ridership by another 200,000 per day on the subway, which started in 2004.

MRTA governor Yongsit Rojsrikul said current ridership on the existing line is between 270,000 and 280,000 a day on weekdays.

The extension section will have 16 stations covering 23 km.

The cabinet approved the concession on Tuesday.

Construction of the route, which has been carried out partly by Ch.Karnchang (CK), the major shareholder in BMCL, is 72% completed.

Through a public-private partnership (PPP) contract, BMCL will be responsible for securing funding.

The project’s first phase is procurement, installation, system testing and train operations. The other phase is to operate and provide maintenance of the train systems.

The concession will last 30 years from yesterday, the date the agreement was signed.

For more information regarding investment and Land, please contact us. http://www.cbre.co.th/Services/Investment

Source : Bangkok Post 5 September 2013

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