BMTA wins loan approval
The Cabinet on Tuesday approved the Bangkok Mass Transit Authority's Bt20 billion refinancing package for the 2014 fiscal year. Of total, Bt3 billion will be reserved for interest expenses.
In the fiscal year, BMTA, which operates public buses in Bangkok and peripheral provinces, expects to generate Bt8.3 billion in revenue against Bt32.66 billion in expenses.
BMTA shoulders Bt2.265 billion in overdue fuel cost, Bt1.35 billion in maintenance cost and Bt247 million in employee pensions.