MRTA to continue to develop all six mass transit rail lines using Public Debt Management Act

The Mass Rapid Transit Authority of Thailand has announced that it will continue to develop all six MRT rail lines in Greater Bangkok under the Public Debt Management Act. This decision has been taken as rail expansion projects in Thailand are facing delays, with the 2 trillion baht infrastructure bill still awaiting the Constitution Court’s ruling. Pursuant to the Public Debt Management Act, the government can borrow up to 20 per cent of the annual expenditure budget each fiscal year, equivalent to about 500 billion baht. Payments would be made gradually every year until the projects are completed.