ADB agrees $311m financing for Bangkok metro lines project
The Asian Development Bank signed a financing package worth THB9.9 billion ($311 million equivalent) for the construction and operation of the Pink and Yellow lines of Bangkok’s mass rapid transit (MRT) system.
ADB’s financing package is comprised of two THB4.95 billion loans to the Northern Bangkok Monorail Company Limited (NBM) and the Eastern Bangkok Monorail Company Limited (EBM).
The Pink Line, under NBM, will operate between Min Buri district in Bangkok and Khae Rai in Nonthaburi province, with a total length of about 34.5km. EBM’s Yellow Line will operate between Lat Phrao in Bangkok and Samrong in Samut Prakan province with a total length of about 30km.
NBM and EBM are special purpose vehicles established by BSR Joint Venture (BSR) to operate the Pink and Yellow MRT lines, respectively. BSR is a joint venture comprising BTS Group Holdings Public Company Limited, Sino-Thai Engineering and Construction Public Company Limited, and RATCH Group Public Company Limited.
