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Cabinet okays SRT loans

EconSep 02. 2020

By The Nation

The Cabinet on Tuesday (September 1) approved the Transport Ministry’s proposal for the State Railways of Thailand (SRT) to take a Bt11.5 billion loan for operations in the 2021 fiscal year as well a short-term loan of Bt800 million.

The loans aim to boost SRT’s liquidity, especially since the agency expects to suffer a shortage of cash in the next fiscal year.

The loans will be sought and guaranteed by the Finance Ministry, while SRT will be responsible for the repayment of the principle and interest.