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“Dr. Samart” suggests 3 options for dissecting Green Line traffic.
Date 09 Dec 2020 Time 09:10
Dr. Samart Rachapolsit suggested a solution to the green line management problem. After the extension of the concession is uncertain. Son
Dr. Samart Rachapolsit, Deputy Leader of the Democratic Party Posting messages through Facebook commenting on the case Bangkok wants to extend the concession to BTS, the concessionaire of the Green Line, he left for another 30 years, but the Ministry of Transport objected due to the expensive fee. With the following content
Green line exit
While the Bangkok Metropolitan Administration (BMA) wanted to extend the concession to the Green Line concessionaire BTS for another 30 years, the Ministry of Transport protested the main excuse of the expensive fare. Making concession expansion uncertain It’s a child Affecting all stakeholders This article has a solution.
I agree that the fare for all electric train lines will be lower. To help more people use the service Less traffic jams, pollution and fuel consumption. But to cut rates, the government has to be the investor itself or the majority of the investment. Without private investment or with a small percentage of investment If the public sector is going to be an investor in its entirety or most of the time, it will have to spend a lot of money in the construction of a specific public transport line. Therefore, there is not enough money to build or expand the mass transit lines for a long distance. As well as other developments in the country It will be affected by this reason. Therefore, there is an opportunity for the private sector to invest in its entirety or join some investment. Lightening the financial burden on the government sector In the case of the Green Line electric train, which is regulated by Bangkok, there are the following investment models:
1.Investment of the main line
The main line or yolk consists of the Mo Chit – On Nut period. And the National Stadium – Saphan Taksin Bangkok has awarded a concession to the Bangkok Mass Transit System Public Company Limited, or BTS, it has been 30 years from 1999-1929, with BTS being all investors.
2. Extension investment
The extension consists of Saphan Taksin – Bang Wa. In the Nut – Samut Prakan range AND the Mo Chit – Khu Khot period Some periods invested by BMA and some investment by the Mass Rapid Transit Authority of Thailand (MRTA), which later in late 2018, MRTA transferred its debt to Bangkok.
Bangkok has hired BTS to be the operator, where BTS has to invest in the train. Some hiring started from 2012 to 2042, some started from 2016 to 2042, and most importantly, they were also hired to operate the main line or the egg yolk after the concession contract ended in 2029-2042.
When the conditions for the granting of the concession and commissioning of BTS remain a binding obligation between Bangkok with BTS Therefore, I would like to propose a solution to solve the green line train management problem as follows.
1. Option 1: open a tender for a new dealer
Before the concession contract expires in 2029, Bangkok will have to bid for a new concessionaire. In which the concessionaire will be responsible for the operation. Maintenance As well as the additional investment required for main and extension routes.
The advantage of this choice is Bangkok can set the rate to be cheaper. Setting the rate conditions in the auction But this option during 2019-2029, Bangkok must have sufficient cash flow to pay interest on the loan of approximately 1.3 billion baht and compensation for loss in extension services of about 1.5 billion baht per year. Both electrical and mechanical systems cost approximately 20 billion baht and an offset to the BTS Rail Mass Transportation Growth Infrastructure Fund (BTSGIF) of about 20 billion baht.
Reasons for Fund compensation It is because BTS has already sold the future income (2015-2029) of the main route or the egg yolk to the Fund to incentivize more people to invest in the Fund. States To use old debt and invest more Using the newer rates that are cheaper will reduce the income of the fund and therefore you will have to compensate the fund. BMA must pay in the period 2019-2029 equal to 68 billion baht, while other capital and interest obligations after 2029 can be repaid by the concessionaire.
However This choice may cause disputes between BMA with BTS Since BMA has contracted with BTS to operate both main and extension lines until 2042, opening an offer for a new concessionaire before 2042 may cause BTS to sue to claim damages and damages from Bangkok
2. Option 2: Hire BTS to operate in accordance with the original contract.
BMA contracted BTS to operate all the Green Line trains until 2042, which comprises some extensions from 2012 to 2042, some from 2016-2042, including the main line or the egg yolk after the concession contract ended. From 2029 to 2042, the advantage of this option is that all revenue from fares will go to BMA, allowing Bangkok to set the fare to be cheaper. And there will be no dispute with BTS.
But this option, during 2019-2029, Bangkok should have enough cash flow to pay interest on the loan of about 1.3 billion baht and compensation for the loss of about 1.5 billion baht, including the cost of electrical and mechanical systems. . Approximately 20 billion baht and the fund’s compensation of about 20 billion baht. BMA has to pay in the period 2019-2029 equal to 68,000 million baht while other debt obligations of principal and interest after 2029 can use the money received from the tariff that belongs to All Bangkok can be returned.
3. Option 3: Extend the concession to BTS
In the case of Bangkok, there is a cash flow limitation AND you did not receive government assistance This makes it impossible to choose option 1 or option 2, it is necessary to select this option. That is, extend the concession to BTS for 30 years from 2029-2017 with the conditions of negotiation with BTS as follows:
3.1 BTS has to share tariff revenue with Bangkok for the past 30 years in the amount of more than 200 billion baht. Bangkok if BTS receives more than 9.6% return on investment
3.2 During 2019-2029, BTS will be responsible for the interest on the loan. Bangkok, approximately 1,300 million baht per year, and compensation for the loss of approximately 1,500 million baht per year, including expenses for electrical and mechanical work of approximately 20,000 million baht and a compensation of funds of approximately 20,000 million baht , totaling the total amount in BTS. Must pay instead of Bangkok for 10 years equal to 68 billion baht
3.3 Fees 15-65 baht, which has a maximum rate of 65 baht, a decrease from the original with a maximum rate of 158 baht. Bangkok wants the fee to be cheaper than 65 baht, it can be achieved by bringing the rewards received from BTS to support the fee. Or receive less rewards
All of this is expected to help break the impasse of the green line, keeping in mind the interests of passengers and the nation.
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