Page 39 - BTSGroup ONE REPORT 2021/22_EN

BTS Group Holdings Public Company Limited 2.3 MOVE 37
Annual Report 2021/22

Sukhumvit Line at Thong Lo station, future Pink line at Phra Si Mahathat Temple Intercity Motorway
station and future Yellow line at Chalong Rat station. BMA is the authorising On 19 August 2019, BGSR JV (BTS Group holding 40%, GULF holding 40%,
body for this line, with past experience suggesting that BMA will be responsible STEC holding 10% and RATCH holding 10%) was announced as the best bid
for civil and E&M works. As this is an entirely new line, a bidding process is winner for Intercity Motorway Projects. This covers two Intercity Motorway
expected for O&M services. We believe we are now in a stronger position to projects, (i) Bang Pa In to Nakhon Ratchasima, approximately 196km and
win this contract, after the signing of contracts for the Pink and Yellow Line (ii) Bang Yai to Kanchanaburi, approximately 96km. Both routes are part of
as a result of the increased number of linkages to this line. the flagship projects included in the Strategic Action Plan of the Ministry of
Transport’s Infrastructure Investment and the Ministry of Finance’s PPP Fast
Track Scheme. The concession contracts are under PPP Gross Cost Scheme,
1.2 Non-Rail Business whereby the private sector will be responsible for the system installation of
Bus Rapid Transit (BRT) motorway facilities as well as the provision of the O&M services. The contract
The Bus Rapid Transit or BRT is a project pioneered by the BMA to link various has already taken place in September 2021, constructions have already
Bangkok mass transit systems and provide an integrated public service for commenced in January 2022 and we can expect the projects to be fully
the city and its suburbs. BTSC is the exclusive concessionaire and operator operated by 2025.
of the bus service, which is faster and more reliable than conventional buses,
using a special lane reserved for the BRT on existing roads. The BRT has 2. Industry Analysis and Competition
12 stations, covering 15.0km, running from Chong Nonsi to Talad Phlu. The
BRT Sathorn station is connected to the BTS Chong Nonsi station. The BRT 2.1 Thailand Mass Transit Overview
served a total of 1.5mn passengers in FY 2021/22. Thailand has made exceptional progress in social and economic development
over the last 40 years, shifting from a low-income country to an upper-middle-
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U-Tapao International Airport income country . As a densely populated city, Bangkok has increasingly
U-Tapao International Airport is located in Ban Chang District, Rayong witnessed heavy road congestion. According to research of TOMTOM Traffic
th
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Province. It is one of the infrastructure development projects to serve the Index 2021 , Bangkok is ranked the 74 most congested city amongst 404
Eastern Economic Corridor (EEC). On 21 March 2019, the BBS Joint Venture major cities from 58 countries in 6 continents. One of the factors exacerbating
(BA holding 45%, BTS Group holding 35% and STEC holding 20%) submitted road traffic is the continuous increase of automobiles and stagnant road
a bid to the Royal Thai Navy. The 50-year PPP Net Cost concession for the capacity. As demonstrated in figure 2, Thailand’s new private vehicle
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project is to include the Passenger Terminal Building 3, Commercial Gateway, registration grew continuously during the past several years up to 2019,
Cargo Village as a Free Zone and Cargo Complex. Subsequently, on 19 June except for the year 2020-21, which was an exception due to the COVID-19
2020, BBS JV successfully signed the Concession Agreement with the Eastern pandemic. This caused an effect on consumer confidence and purchasing
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Economic Corridor Office (EECO) of Thailand. The joint venture has already power as seen from the plummeting domestic new car sales in 2021 (down
submitted the masterplan to the Royal Thai Navy and EECO in June 2021, 4.2% YoY to 759,119 cars from 792,146 cars in 2020). However, the number of
constructions are expected to commence by second half of the year in 2022. domestic new private vehicle registration in 2021 increase by 1.6% or 41,000
cars to 2,545,000 cars.

1 World Bank
2 TOMTOM Traffic Index
3 Transport Statistics Sub-Division, Planning Division, Department of Land Transport
4 Production, sales and export statistics of the Thai automotive industry, The Federation of
Thai Industries