Page 220 - BTSGroup ONE REPORT 2021/22_EN

218 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l
The negotiation was completed in July 2019 and approval is being
sought from the Cabinet, in accordance with the procedures set out
in the order.
The Green Line and its extensions as discussed in b), c) and d) are
under the order above.
1.2.2 Mass transit project - Gold Line
a) The provision of operation and maintenance services for the Gold
Line is under the Operating and Maintenance Agreement for the
Gold Line Phase1 (Krung Thonburi - Klong San) dated 31 July 2018,
made with Krungthep Thanakom. The operation under the agreement
is divided into two phases that are 30-month preparation period
commencing from the agreement date and a 30-year service period
commencing from the first commercial operation date. The service
period is divided into two phases that are from the first commercial
operation date to 2 May 2042 and from 3 May 2042 until the end
of the 30-year period. BTSC has received the consideration over as
stipulated in the agreement, throughout the concession period.
b) The provision of purchase and installation of operating system (electric
and mechanic) agreement and additional agreements related to
the Gold Line Phase 1 between BTSC and Krungthep Thanakom.
BTSC will receive fixed payments as stipulated in the agreements.
1.2.3 Mass transit project - Pink and Yellow Line
The operation of MRT Pink Line Project (Khae Rai - Min Buri) (“MRT Pink
Line Project”) and the MRT Yellow Line Project (Lat Phrao - Samrong)
(“MRT Yellow Line Project”) under the concession agreements dated
16 June 2017 between the Mass Rapid Transit Authority of Thailand
(“MRTA”) and Northern Bangkok Monorail Company Limited (“NBM”)
and Eastern Bangkok Monorail Company Limited (“EBM”). Under such 1.2.4 Bus Rapid Transit (BRT)
agreements, the operating period is divided into 2 phases.
The first phase concerns the design and construction of civil works
and, the procurement of electronic and mechanical systems and related
equipment which covers a period of 3 years and 3 months, beginning
from the date of issuance the Notice to Proceed by MRTA. Subsequently,
MRTA issued letters to extend the operation in the first phase to not
later than 15 July 2023 and 18 August 2022, respectively.
The second phase concerns the operation and maintenance services
for a period of 30 years, beginning from the date of receipt of the
Commissioning Certificate from MRTA. NBM and EBM are responsible
for all investment payments for operating costs. In this regard, NBM
and EBM are to receive the subsidy from MRTA as stipulated in the
agreements for a period of 10 years, beginning from the date of receipt of
the Commissioning Certificate from MRTA, and have rights to collect the
fare box revenues and other related revenues throughout the concession
period. NBM and EBM are to pay MRTA the remuneration, as stipulated
th
th
in the agreements, in 11 year to 30 year and compensate MRTA in
the form of revenue sharing at the rates and conditions as stipulated
in the agreements.
Subsequently, on 23 February 2021, NBM entered into the amendment
to the extension concession agreements of MRT Pink Line Project
for determined the conditions of the first and second phases about
extension line from Sri Rat station to Muang thong Thani station.
NBM is responsible to investments and expenses in operation and have
right in fare box revenue, throughout the concession period. NBM has
to compensate MRTA in the form of revenue sharing at the rates and
conditions as stipulated in the agreements.
Currently, NBM and EBM are in process of construction of the projects.
The provision of operation, station management, maintenance,
commercial area management and operation control center management