Bangkok Mass Transit System
Bangkok Mass Transit System Public Company Limited is a Thai transport company. It is a majority-owned subsidiary of BTS Group Holdings. The company is best known as the operator of the BTS Skytrain; Sukhumvit Line, Silom Line and Gold Line; Pink Line; Yellow Line and Bangkok BRT.
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. The company was publicly listed in 1996. It incurred heavy losses following the 1997 Asian financial crisis, and underwent business rehabilitation and debt restructuring 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, of which the company was the sole investor, and operates extensions to the lines under concession agreements from the Bangkok Metropolitan Administration and the Mass Rapid Transit Authority of Thailand. 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.