The Administrative Court ruled in favor of the Bangkok Mass Transit System (BTSC) in the BTS Green Line dispute on Wednesday, ordering the Bangkok Metropolitan Administration (BMA) and Krungthep Thanakom (KT) to pay BTSC THB11.7 billion within 180 days.
BTSC sued BMA last September for the THB12 billion owed for operating the Green Line expansion and another THB20 billion owed for the train operating system. The total debt with interest stands at roughly THB40 billion.
BTS Group Holding Pcl. (SET: BTS) had its share price increase by THB0.35/share, or 4.05%, to THB9.00/share, with a trading value of THB1,031 million, shortly upon the notification of the court’s ruling.