Bangkok Mass Transit System (BTSC) is not ruling out taking part in a new bidding process for the western section of the Orange Line electric train project.
BTSC chief executive Surapong Laoha-Unya said the company was waiting for a formal announcement by the Mass Rapid Transit Authority of Thailand (MRTA), which decided to scrap the current process on Wednesday.
Mr Surapong said BTSC would take part in a renewed selection process if its terms of reference were open and fair.
He added, however, that the company's legal team was also assessing whether any financial damage had been caused by the MRTA's scrapping of the bidding and would consider suing the authority if it found that losses had been incurred.
The MRTA cancelled the bidding process after it became mired in legal wrangles in the Administrative Court.
The western section, which will cost an estimated 120 billion baht, will run from the Thailand Cultural Centre to Bang Khun Non.
The project was tendered to the public in July last year but the MRTA changed the bidding criteria after it received offers from several firms, including BTSC.
The operator of the BTS skytrain system took the issue to the Administrative Court, claiming the revised bidding terms could lead to unfair competition.
The MRTA then scrapped the bidding as the dispute was pending the court's ruling.
The MRTA said calling a new round of bidding would allow the project to proceed more quickly than the current process, which was far from being resolved.
The agency said if it had waited for the legal dispute to be overcome, the deadline for the bidding would be missed and the process would have been scrapped eventually anyway.
The MRTA says the new bidding process is likely to be completed in six to eight months and is in the best interest of the public and the state.