Page 38 - BTSGroup ONE REPORT 2021/22_EN

36 l Introduction l Nature of Business l Organisation and Shareholding Structure l Business Review l Corporate Governance l Financial Statements l Other Information l

Pink and Yellow Lines Our Targeted Rail Mass Transit Lines
On 16 June 2017, Northern Bangkok Monorail Co., Ltd. and Eastern Bangkok Orange Line (Eastern & Western)
Monorail Co., Ltd., our subsidiaries, signed contracts with Mass Rapid Transit Bidding for civil works construction of the Orange line has been split into East
Authority of Thailand (MRTA) for the Pink Line (Khae Rai to Min Buri; 34.5km) and West. The route is a mixture of underground and above ground. Six civil
and the Yellow Line (Lat Prao to Samrong; 30.4km), totalling 64.9km and works construction contracts for East part have already been bid and awarded
53 stations. The subsidiaries are established under the BSR JV consortium to CKST Joint Venture (CH Karnchang PCL and STEC), Italian-Thai Development
(the Company holds 75%, STEC 15% and RATCH 10%). The contract grants the PCL and Unique Engineering & Construction PCL. Construction of the Orange
subsidiaries a 30-year PPP net cost concession with a government subsidy on (East) line has begun since June 2017 and is expected to be completed by
construction. Specifically, of the THB 96bn total project cost, the government 2023. Subsequently, on 28 January 2020, the Cabinet approved the Orange
will subsidise the repayment of the civil works of THB 47bn, equally paid back line (from Bang Khun Non to Min Buri, totaling 35.9km, 28 stations) with
to the consortium over the first 10-years of operation. A notice-to-proceed for a total project value of THB 143bn under the 30-year PPP Net Cost scheme.
both lines was issued on 29 June 2018 which began the first day-count for
construction. As of May 2022, the construction of both lines was approximately Western Green Line
at 90% completion, and we can expect full operations within 2023. An additional 7km extension (Bang Wa to Taling Chan) to our existing Light
Green line and we are awaiting the bidding process. Given that this is a direct
extension to our existing network, we will be negotiating directly with the BMA
Figure 1: BTS secured rail mass transit network
for an O&M contract under the government’s “one regulator, one operator”
approach. The government is responsible for investing in the civil and Electrical
and Mechanical Works (E&M) but may avail itself to a financing structure similar
to our facilitating the provisioning of E&M works on behalf of the BMA.

EXT.Zone 2 Light Rail Transit (LRT)
Northern Green Line
Mo Chit - Khu Khot Pink The Light Rail Transit or LRT, is a light rail line (Bang Na to Suvarnabhumi,
19.0km Khae Rai - Min Buri
34.5km 18.3km) that interchanges with Sukhumvit extension line at Bang Na station.
As a BMA project, past experience suggests that BMA will be responsible
Core Network
Mo Chit - On Nut Yellow for civil and E&M works. BTS has offered land in front of Thana City without
17.0km Lat Phrao - Sam Rong charge to the BMA for a train depot and station. As a result, BTSC may
National Stadium - Saphan Taksin 30.4km
6.5km benefit from a higher likelihood of being awarded an O&M contract and if
EXT.Zone 1 successfully appointed, BTS Group will benefit from the value uplift to existing
On Nut - Bearing
5.3km developments and land bank at Thana City, as well as greater connectivity to
EXT.Zone 1
Saphan Taksin - Bang Wa existing commercial property such as Thana City Golf & Sports Club.
7.45km
Gold Phase 1 EXT.Zone 2
Krung Thonburi Southern Green Line
BTS Station - Khlong San Bearing - Kheha Grey Line (Phase 1)
1.8km 13.0km The Grey line monorail is split into two phases owing to changes being made
to the route and the necessary regulatory approval process required. Phase 1
(Watcharaphon to Thong Lo, 16.3km) interchanges with Core Network