BMCL wins bid to build Purple Line | Bangkok Post: business

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BMCL wins bid to build Purple Line

Ch. Karnchang will manage the project

Bangkok Metro Plc (BMCL), the SET-listed subway operator, has been awarded the Purple Line contract for 80 billion baht, hoping to increase ridership and improve its financial results.

The company has not broken even since the subway began operating in 2004.

President Chaiwat Utaiwan said BMCL's board agreed yesterday to the company entering into the agreement for the Purple Line project of the Mass Rapid Transit Authority of Thailand (MRTA).

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  • drsmith

    ThailandPost : 1,575

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    Discussion 1 : 13 Oct 2012 at 08.391

    "Mr Chaiwat admitted during a meeting with analysts that BMCL's equity could turn negative by year-end" so why in the world are they financially fit to manage such a huge contract? Once again blatant evidence of corruption and favoritism by the PT

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