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New board of Airports of Thailand to cover up loss during military government took control

Tuesday, April 1st, 2008

The Transport Ministry from the elected government has ordered the new board of Airports of Thailand (AOT) to outperform its predecessor in terms of financial returns. The ministry also reiterated the government’s policy to cancel the use of Don Mueang as Bangkok’s second airport and promote Suvarnabhumi as the capital’s single airport. It demanded the board put this policy into practice.

New Airports of Thailand board members met Transport Minister Santi Prompat and Deputy Minister Songsak Thongsri yesterday. After the meeting, Mr Songsak said Airports of Thailand under the previous board appointed by the coup leader after the Sept 19, 2006 coup earned only two billion baht yearly, down from over 10 billion baht a year before the coup. Its dividend also plunged from over two baht per share to just 40 satang.

This is a preview of New board of Airports of Thailand to cover up loss during military government took control. Read the full post (309 words, estimated 1:14 mins reading time)



JBIC interested in giving 5.6 Billion Baht loan for Suvarnabhumi Airport extension

Wednesday, March 12th, 2008

The Japan Bank for International Cooperation (JBIC) affirmed on Friday it was ready to grant a Bt700 billion loan to finance Thailand’s mega projects.

Speaking after talking to a senior JBIC official, Transport Minister Santi Prompat said the Japanese agency would grant a loan for nine electric train extention routes.

Other countries have also shown interested in extending loans for the Thai government’s mega projects, he said, adding that the Ministry of Finance would accept loans from the source giving the best offer.

JBIC is also interested in giving Bt5.6 billion in loans to the Thai government for the second-phase of construction at Suvarnabhumi international airport.

This is a preview of JBIC interested in giving 5.6 Billion Baht loan for Suvarnabhumi Airport extension. Read the full post (166 words, estimated 40 secs reading time)



New government to force fare meters in taxis to protect passengers

Sunday, March 2nd, 2008

Taxis servicing Suvarnabhumi airport and its vicinity will soon all be required to use their fare meters to protect the interests of passengers. Deputy Transport Minister Songsak Thongsri said yesterday (February 26, 2008) he agreed with the proposal presented by Airports of Thailand (AOT).

There were many communities in the vicinity of the airport, and the residents needed a regulated taxi service.

Bangkok taxis are now required by transport regulations to use fare meters within a 37-kilometre radius of Victory Monument.

This extends only to the second kilometre marker on the Bang Na-Bang Pakong highway. Suvarnabhumi is at least another 10 kilometres up the road.

This is a preview of New government to force fare meters in taxis to protect passengers. Read the full post (240 words, estimated 58 secs reading time)



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