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JBIC: Metro Network Expansion Progress

The Japan Bank for International Cooperation will send in a fact-finding mission for the red metro line linking Bang Sue and Rangsit, said Pongpanu Svetarundra, director-general of the Public Debt Management Office.

The valuation and appraisal is the latest development in the pipeline after the Japanese side has approved the financing of the purple Bang Sue - Bang Yai line.

Pongpanu said that the Bt 31-billion, 25-year loan agreement is likely to be signed early next year. The interest will be set at 1.4 per cent.

He added that the international competitive bidding for the purple line's various construction projects would begin once JBIC's notification to the Organisation for Economic Co-operation and Development, whcih was sent on Nov 5, has past through. The process would take at least 30 days.

The new government is likely to pick up the tap after the general election in December.

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JBIC: Metro Network Expansion Progress

The Japan Bank for International Cooperation will send in a fact-finding mission for the red metro line linking Bang Sue and Rangsit, said Pongpanu Svetarundra, director-general of the Public Debt Management Office.

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