Bangkok Mass Transit System Public Company Limited (BTSC, ) is a Thai transport company, best known as the operator of Bangkok's BTS Skytrain. It is a majority-owned subsidiary of

BTS Group Holdings BTS Group Holdings Public Company Limited (BTSG), formerly known as Tanayong Public Company Limited, is a public company in Thailand. It is the majority share holder of Bangkok Mass Transit System PCL (BTSC), the operator of the BTS Skytrain and ...

(BTSG, previously known as Tanayong), and also operates the Bangkok BRT and the Gold Line.

History and operations

BTSC was founded by Keeree Kanjanapas in 1992 to serve as Tanayong's concession operator for Bangkok's then-planned elevated rapid transit system. It was formed as a joint venture with Sino-Thai Engineering & Construction, Sito, and

Dyckerhoff & Widmann Dyckerhoff & Widmann AG (Dywidag) was a construction company based in Munich, Germany (formerly based in Karlsruhe, Wiesbaden and Berlin, Germany). History The company was founded under the name ''Lang & Co.'' in 1865 by the German cement pionee ...

. The company was publicly listed in 1996. It incurred heavy losses following the

1997 Asian financial crisis The 1997 Asian financial crisis gripped much of East Asia, East and Southeast Asia during the late 1990s. The crisis began in Thailand in July 1997 before spreading to several other countries with a ripple effect, raising fears of a worldwide eco ...

, and underwent business rehabilitation and

debt restructuring Debt restructuring is a process that allows a private or public company or a sovereign entity facing cash flow problems and financial distress to reduce and renegotiate its delinquent debts to improve or restore liquidity so that it can continu ...

from 2006 to 2008. In 2010, Tanayong renamed to BTSG and reacquired a 94.6 percent stake in BTSC, becoming the majority owner. BTSC operates the BTS Skytrain, which opened in 1999. It is the sole concessionaire of the original BTS network (including stations from Mo Chit to On Nut on the Sukhumvit Line and National Stadium to Saphan Taksin on the Silom Line), of which the company was the sole investor, and operates extensions to the lines under concession agreements from the

Bangkok Metropolitan Administration The Bangkok Metropolitan Administration (BMA) is the local government of Bangkok, which includes the capital of Thailand. The government is composed of two branches: the executive (or the Governor of Bangkok) and the legislative (or Bangkok Metro ...

(via its investment arm the Krungthep Thanakom company) and the

Mass Rapid Transit Authority of Thailand Mass Rapid Transit Authority of Thailand or MRTA () is a state enterprise under the Ministry of Transport of Thailand. It is responsible for the operation of rapid transit systems in the Bangkok Metropolitan Region and including other provinces as ...

(MRTA). It also operates Bangkok's Bus Rapid Transit system, whose only line opened in 2010, and the Gold Line automated people mover, which opened in 2020.

References

{{reflist BTS Skytrain Companies based in Bangkok Transport companies of Thailand Transport in Bangkok 1992 establishments in Thailand Transport companies established in 1992