Thailand Plans to Issue Bonds to Implement Rail Transit Plan

2007-07-17 00:00:00
< P > < FONT face = Verdana > Thailand's Star Siam Daily reported on July 17 that Gbagbo, president of Thailand's MRT agency, said a few days ago that as the Japan Bank for International Cooperation was unable to issue loans within the prescribed time limit, the Thai side might adopt the method of issuing public bonds in the country to raise funds, which would first be used to implement the Purple Line and Blue Line in Bangkok's transit rail plan.

< P > < FONT face = Verdana > Gbagbo said that the change in the financing method will not affect the progress of the track plan. The cabinet will examine and approve the bidding applications for the architectural design of the Purple Line (Huamanpeng-Bangkeng) and the Blue Line (Bangzhi-Tapa) in August and October this year respectively. The first batch of funds will be used in April 2008. & nbsp;

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