Original disclosure @ ADB website
Updated in EWS Jul 20, 2020
Disclosed by Bank Oct 6, 2017
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According to the bank, the ensuing project will improve urban transport system in Bangkok, Thailand for efficient and safe movements of people. It will contribute to the achievement of the government's goal of supporting sustainable and inclusive growth. The project will be aligned with the following impact: access to social and economic opportunities in support of inclusive economic growth enhanced under the twelfth National Economic and Social Development Plan. The outcome of the project will be urban transport system in Bangkok improved. The outputs of the project will be (i) Bangkok mass rapid transit (MRT) South Purple Line constructed and operational, and (ii) capacity in implementing and managing urban rail MRT system strengthened.The total estimated cost of the project is $3,000 million, including physical and price contingencies, and local taxes and duties.
The proposed ADB financing modality is a project loan of $240 million from ordinary capital resources to finance the advance payments of all the civil works contracts and consulting services. The government will fund the remaining balance of civil work and consulting services. The government financing will also cover resettlement and incremental administration. Both the ensuing loan and this transaction TA are included in the ADB's Country Operations Business Plan 2017-2019 for Thailand.
Mass Rapid Transit Authority
175 Rama IX Rd., HuayKhwang, Bangkok
Public Debt Management Office
Ministry of Finance
Rama VI, Samsen Nai Pyathai
ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main