EXAT, BEM settle dispute with new contracts
The Expressway Authority of Thailand (EXAT) and Bangkok Expressway and Metro Public Company Limited (BEM) on Thursday (February 20) signed the amended contracts for two BEM expressways, which extended the company's concession terms, said EXAT chairman Surong Bulakul.
The move was in line with the recent Cabinet's approval of a Transport Ministry proposal to extend the expressway concessions for both to expire at end of October 2035, in exchange for BEM dropping 17 legal complaints against EXAT.
One contract involves the Si Rat Expressway, also known as the Second Stage Expressway, and its Sectors A (Rama 9-Ratchadapisek), B (Phayathai-Bangkhlo), C (Ratchadapisek-Chaeng Watthana) and D (Bang Pa-in-Pakret).
Concessions for Sectors A, B and C were originally scheduled to expire at the end of this month and for Sector D in April 2027.
The second contract involves the Udon Ratthaya Expressway (Bang Pa-in-Pakret Expressway), with the original concession ending in 2026.