Ministry urges PPP plan for new line

The construction of the 26km Light Red Line electric train from Bang Sue to Rangsit has over 80% completed in September. (Bangkok Post file photo)

The Transport Ministry wants the State Railway of Thailand (SRT) to adopt the Public-Private Partnership (PPP) gross cost scheme for the 26km Light Red Line electric train from Bang Sue to Rangsit to mitigate expected losses.

As the electric rail route is likely to face huge losses due to a low estimated number of passengers, the ministry has recommended the SRT consider adopting the PPP scheme.

Under this scheme, the state assumes responsibility for collecting revenue and makes a fixed payment to the private investor, said Deputy Transport Minister Pichit Akrathit.

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