The Bangkok Metropolitan Administration (BMA) has announced it will settle the 32 billion baht owed to BTS for operations and maintenance (O&M) fees, ensuring no impact on the city’s finances. Bangkok Governor Chadchart Sittipunt provided an update on preparations to pay the outstanding amount, which is expected to be completed by October 31, 2025. The funds for this payment will come from accumulated reserves, with approximately 5-6 billion baht remaining afterward.
Governor Chadchart reassured that the debt clearance will not affect ongoing projects, as the repayment will be made from existing reserves that are free from binding obligations. He highlighted that the BMA manages its budget carefully to ensure efficiency and value for money. Delaying the payment, he noted, would only increase costs due to interest at a rate exceeding interest earned from deposits.
Additionally, Chadchart pointed out that the BMA spends about 8 billion baht annually on BTS operation costs, while fare revenue amounts to roughly 2 billion baht. Although fare adjustments are not directly tied to debt repayment, the shortfall is covered by other parts of the budget, which could place an unfair burden on residents who do not use the system.
As a solution, the BMA is exploring a fare restructuring plan that would cap prices at 65 baht along the line. Shorter, inner-city routes might have lower fares, while longer-distance journeys could cost more based on distance traveled. The administration is conducting a thorough review of these plans, emphasizing transparency, practicality, and prioritizing the interests of the public.