NOD TO BROWN LINE
The Land Traffic Management Committee yesterday approved a plan by the Mass Rapid Transit Authority of Thailand to build a Brown line rail route from Khae Rai to Lam Sali, at an cost of Bt48 billion.
It has also assigned the transport agency to open bidding for the project under the public private partnership programme in the year 2022, Chaiwat Thongkamkoon, permanent secretary of Transport Ministry said after a meeting, chaired by deputy prime minister Somkid Jatusripitak.
He added that the project will be a monorail system, costIng Bt34.6 billion for construction, Bt7.2 billion for land expropriatIon, and Bt6.2 billion In advisors' fees .
According to a study, the project has economic internal rate of return or EIRR 22.39 times, as financial Internal return rate 34.86 times, and benefit-cost ratio of 2.19 times.
