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Compromise may save expressway authority from paying sky high fees to expressway operator

Compromise may save expressway authority from paying sky high fees to expressway operator

13 Sept 16:32 Key points summarised by AI
  • The Expressway Authority of Thailand (EXAT) board approved a 30-year concession extension for NECL (a BEM subsidiary) to avoid a potential 130 billion baht compensation payment from a legal dispute.
  • Under the compromise, BEM agreed to waive a 59 billion baht compensation claim in exchange for continued operating rights on the Bang Pa-in-Pakkred, Srirat, and Rama IX-Srinakharin expressways.
  • Key terms include toll fee increases of 10 baht every ten years and BEM's commitment to invest 31 billion baht in developing a 17km double-deck expressway from Prachachuen to Asoke.
  • The revenue sharing model remains 60% for EXAT and 40% for BEM, with the entire compromise awaiting final government approval.
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