Thailand boosts Bus Operator’s Liquidity

Thailand’s cabinet on Tuesday approved a 9.1 billion baht borrowing plan for the state-run Bangkok Mass Transit Authority (BMTA). This liquidity injection is a key move aimed at stabilizing the debt-ridden agency and accelerating its transition to an all-electric fleet to combat the city’s chronic air pollution.

By streamlining the fleet to 2,300 vehicles and transitioning to electric power, the government aims to slash fuel costs by more than 60% and significantly reduce the transport sector’s carbon footprint. This initiative aligns with Thailand’s broader national commitment to achieve carbon neutrality by 2050 and reach net-zero greenhouse gas emissions by 2065.