Commentary: Nalin Viboonchart
The Expressway Authority of Thailand (EXAT) is preparing to raise tolls in September on its first- and second-stage expressways in Bangkok by at least five baht, to a range of 50 to 115 baht depending on vehicle size. The increases are in line with the concession that the state agency has with the system’s operator, SET-listed Bangkok Expressway Plc (BECL).
My first reaction on hearing the news was, “What, again? Prices of everything are going up.”
However, it has been a while since expressway tolls rose. The contract between the EXAT and BECL says rates can be adjusted every five years, based on changes in the Consumer Price Index. The increase amounts to 11.1% from five years ago, compared with compounded inflation over the same period of closer to 16%.
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