Enormous bail-out for key agencies
Rescue plan for MRTA, SRT and BMTA
The Finance Ministry is planning, at huge cost, to rescue major state enterprises including the Mass Rapid Transit Authority of Thailand, the State Railway of Thailand and the Bangkok Mass Transit Authority, caretaker Deputy Finance Minister Chaiyot Sasomsub said yesterday.
According to Chaiyot, the amount of assistance to major state enterprises is expected to be high. To help the State Railway of Thailand (SRT) alone the ministry will have to inject about Bt40 billion to reduce its accumulated debt, he said after a meeting with senior officials of the State Enterprise Policy Office. SRT's debt is estimated to be about
Bt100 billion, of which Bt50 billion is a pension obligation for employees and the other half debts incurred from operation of its rail network.