BANGKOK Nov 9 Bangkok's Skytrain operator, BTS
Group Holdings Pcl, said on Friday it planned to set up
an infrastructure fund worth at least 50 billion baht ($1.6
billion) as it needs funding for expanding mass transit lines.
BTS planned to transfer revenue from the Skytrain to the
fund and expected it to get net fare revenue of about 50-60
billion baht ($1.6-1.95 billion), it said in a statement.
The company aimed to subscribe to one third of the fund
itself, and the proceeds from the unit sales would be used to
invest in four mass transit routes, it said.
The Skytrain is run by Bangkok Mass Transit System Public Co
Ltd (BTSC), a direct subsidiary in which BTS holds a 96.44
($1 = 30.65 Baht)
(Reporting by Khettiya Jittapong)