Political football
Article Abstract:
Political considerations are preventing completion of a new expressway in Bangkok, Thailand. Bangkok Expressway Co Ltd (BECL), the firm that constructed the toll road, claims that the Thai government as represented by the Expressway and Rapid Transit Authority of Thailand (ETA) is violating the contract they signed concerning how the income from tolls would be divided. Interior Minister Chavalit Yongchaiyut and deputy Prime Minister Amnuay Viravan have backed up the ETA's position. The result is that no definite date for opening the badly needed expressway has been agreed to.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
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Stuck in traffic: Bangkok toll road falls foul of politicians
Article Abstract:
A doubling in fare for a toll road in Bangkok, Thailand may not occur. The doubling, to $1.18, is intended to cover the costs of a project which has added 20 kilometers to the congested road. Political pressure is building to cut the fare increase, and the financial lenders are concerned. The project was paid for by lenders including 31 foreign banks and 11 domestic banks.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1993
User Contributions:
Comment about this article or add new information about this topic:
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