The Bangkok Mass Transit Authority (BMTA) has been given the green light to seek loans worth 7.5 billion baht to ensure its liquidity remains at an acceptable level, deputy government spokeswoman Traisuree Taisaranakul says.
The approval, which was granted by the cabinet on Monday, will allow the cash-strapped agency to seek loans in the next fiscal year, with the Finance Ministry acting as its guarantor. The Finance Ministry will also outline the conditions for the loans.
While the BMTA has been operating at a loss for years, it has not received assistance from the government to help shore up its financial position.
