Meaning of MRTA 20 · to conduct a feasibility study to collect fares at the rate of Baht 20 upon...

Meaning of MRTA 20th Anniversary Logo This logo represents the 20th anniversary of MRTA. Number 2 provides a sense of security of the organization for the past 20 years. Surrounding the number zero are petals or MRTA’s future mass rapid transit lines-in different colours, looking like a blossoming f lower, it symbolizes the future creation of new lines. The green leaf represents energy saving mode of transportation and the organization's commitment to global warming solution.

MRTA 20th Anniversary Activities

Academic Seminar on “Mass Rapid Transit System and Development of the Nation” On 20 August 2012, MRTA held an academic seminar on “Mass Rapid Transit System and Development of the Nation” for the

20th Anniversary of MRTA. Mr. Yongsit Rojsrikul, MRTA Governor presided over this seminar and presented vision on “MRTA Going

Forward to the 21st Year: Commitment to Creating Mass Rapid Transit System for the People.” The seminar also involved guest

speakers from educational institutions, and organizations, who are experts in mass rapid transit system.

Walking an Jogging for Celebration in Honor of HM the King for the Royal Cup from HRH Princess Maha Chakri Sirindhorn On 18 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors presided over the activity “20th Anniversary

Walking and Jogging” for Celebration in Honor of HM the King for the Royal Cup from HRH Princess Maha Chakri Sirindhorn to

celebrate 20th anniversary of MRTA. Held at MRTA Office, The activity was participated by Mr. Yongsit Rojsrikul, MRTA Governor, MRTA

executives and employees, BMCL executives, advisors, and contractors of mass rapid project. The revenue raised from the event

was donated to the Fund for Development of Children and Youth in Remote Area initiated by HRH Princess Maha Chakri Sirindhorn.

“Suan Lak Song” Opening Ceremony” On 21 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors opened the “Suan Lak Song” park in

front of the MRTA office building. The activity involved transferring 60 trees including Sak Thong, Phaya Sattaban, Chanuan Thong, and

Charoensuk from Lak Song, the woud - be depot site of the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra

Sections under MRTA Green Construction Project.

Commencement of boring machine operation for the Blue Line Project: Hua Lamphong – Bang Kae and Bang Sue – Tha Pra Sections On 24 August 2012, Prime Minister Yingluck Shinawatra presided over the commencement of boring machine operation for the

Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections. She was welcomed by Mr. Charuphong Ruangsuwan,

Minister of Transport, Pol. Lt. Gen. Chaj Kuldilok and Mr. Chadchart Sittipunt, Deputy Minister of Transport, Mr. Sinlapachai

Charukasemrattana, Permanent Secretary of Ministry of Transport, executives of Ministry of Transport, Miss Rachanee Tripipatkul,

Chairperson of the MRTA Board of Directors and Mr. Yongsit Rojsrikul, the MRTA Governor at the site near Hua Lamphong Station.

Annual Report 2012 | Mass Rapid Transit Authority of Thailand

6

MRTA Project Open House From 9 August to 12 September 2012, MRTA launched an open house of the current mass rapid transit projects construction, namely

the Purple Line Project : Bang Yai - Bang Sue Section, and the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra

Sections so that interested students and teachers from educational institutions, government officials, and the general public along

the mass rapid transit project line could come to observe the construction work.


7

“Wonder of Mass Rapid Transit System for Bangkokians” Exhibition On 30 August 2012, Mr. Charuphong Ruangsuwan, Minister of Transport presided over the opening ceremony of “Wonder

of Mass Rapid Transit System for Bangkokians” Exhibition at Rama 9 Station, jointly held by MRTA and BMCL. The Minister was

welcomed by Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors, Mr. Yongsit Rojsrikul, MRTA Governor, and

MRTA executives. The exhibition was held for general public to have a look around to gain inforimation on potential of mass

rapid transit system, future development direction, MRTA growth and development from the beginning to the present, and into

the future, as well as mass rapid transit innovations.


10

Message from the Chairperson

An effective mass rapid transit system with an extended and comprehensive network is crucial in driving forwardnational economic and social development. Consequently, Mass Rapid Transit Authority of Thailand (MRTA) has been entrusted with the implementation of six mass rapid transit projects, namely : - The Purple Line Project : Bang Yai - Bang Sue Section and Tao Poon - Rat Burana Section ; - The Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Pra Sections ; - The Green Line Project : Mo Chit - Sapan Mai - Khu Khot Section and Bearing - Samut Prakarn Section ; - The Pink Line Project : Khae Rai - Min Buri Section ; - The Orange Line Project : Taling Chan - Min Buri Section ; - The Yellow Line Project : Lad Prao - Samrong Section ; These projects are in line with the government’s policy for MRTA to promptly execute contracts for the construction of all the assigned lines within the term of this government, including the policy of Baht 20 flat fee. MRTA has been tasked to conduct a feasibility study to collect fares at the rate of Baht 20 upon completion of the Purple Line: Bang Yai - Bang Sue Section as the pilot case. This will lead to a mass rapid transit network which runs throughout Bangkok and adjacent provinces. According to the MRTA’s operating results for the fiscal year 2012, projects progressed as planned, with 50.14% completion rate for the Purple Line, whose construction began in 2009. Construction for the Blue Line Extension which started in April 2011 achieved 23.61% completion. As for the Green Line: Bearing - Samut Prakarn Section, which started in March 2012, the completion rate is 1.73%. Other projects on the whole have been progressing as planned. As Chairperson of the MRTA Board of Directors, I wish to thank all the executives and employees as well as relevant agencies who have consistently supported the operation of MRTA. I believe that all MRTA executives and employees are committed to the goal of completing the line extensions and new mass rapid projects. Our goal is to provide the public with safe and convenient service as well as alleviate traffic congestion within and around Bangkok, thereby generating the greatest benefits for the people and enabling our country to develop in a sustainable manner.

(Ms. Rachanee Tripipatkul)

Chairperson of the MRTA Board of Directors

An effective mass rapid transit system with an extended and comprehensive network is crucial in driving forwardnational economic and social development. Consequently, Mass Rapid Transit Authority of Thailand (MRTA) has been entrusted with the implementation of six mass rapid transit

- The Purple Line Project : Bang Yai - Bang Sue

- The Blue Line Project : Hua Lamphong - Bang Kae

- The Green Line Project : Mo Chit - Sapan Mai - Khu

;The Orange Line Project : Taling Chan - Min Buri Section ;The Yellow Line Project : Lad Prao - Samrong Section ;

These projects are in line with the government’s policy for MRTA to promptly execute contracts for the construction of all the assigned lines within the term of this government, including the policy of Baht 20 flat fee. MRTA has been tasked to conduct a feasibility study to collect fares at the rate of Baht 20 upon completion of the Purple Line: Bang Yai - Bang Sue Section as the pilot case. This will lead to a mass rapid transit network which runs throughout Bangkok and adjacent

According to the MRTA’s operating results for the


11

Message from the Governor

With a vision to be the “core organization in providing

effective and comprehensive mass rapid transit service to raise

the quality of life of the people,” all through 2012, it was the Mass

Rapid Transit Authority of Thailand (MRTA)’s mission to expedite

the implementation and concrete progress of mass rapid transit

projects as chartered by the government.

In the fiscal year 2012, MRTA was able to make significant

progress of mass transit projects, including the construction of

Purple Line: Bang Yai - Bang Sue Section, which has progressed

by over 50%, Blue Line: Hua Lamphong - Bang Kae Section

and Bang Sue - Tha Phra Section at 23%, and Green Line:

Bearing - Samut Prakarn Section, of which the construction

started in early 2012. MRTA has also prepared designs and

project feasibility study for Pink Line: Khae Rai - Min Buri Section,

Orange Line: Taling Chan - Min Buri Section, and Green Line:

Mo Chit - Sa Pan Mai - Khu Khot Section.

Nevertheless, MRTA still has key mission to expedite the

construction of several more lines of mass transit, i,e., Pink Line:

Khae Rai - Min Buri Section, Green Line: Mo Chit - Sa Pan Mai

- Khu Khot Section, and Orange Line: Taling Chan - Min Buri

Section as well as Purple Line: Tao Poon - Rat Burana Section

and Yellow Line: Lad Prao - Samrong Section.

2012 was important year as it was the 20th anniversary of

MRTA. The Excellent State Enterprise Award of the year 2012

for excellent organization development in human resources

development granted to MRTA is a guarantee that MRTA has

strictly and consistently adhered to the high working standard

and good governance and indicates the commitment of our

executives and all employees who perform their duties to their

best capacity, with the public interest as the priority.

Finally, I wish to thank the MRTA Board of Directors, all sub-

committees, executives, staff and employees, as well as relevant

agencies, who have always granted collaboration and support to

MRTA and its operation.

(Mr. Yongsit Rojsrikul)

Governor of Mass Rapid Transit Authority of Thailand


12Vision MRTA has set its operational vision during the fiscal years 2012-2016, as follows:

“To be a leading organization in providing the efficient and comprehensive mass rapid transit service in order to improve the

quality of life of the people.”

Mission Consistent with our vision, MRTA has set its mission during the fiscal years 2012 - 2016 as follows :

1) To provide a mass transit network in accordance with the plan.

2) To provide a convenient, safe, quick, and punctual mass rapid transit system.

3) To provide effective intermodal transfer facilities.

4) To develop suitable fare structure for different target groups.

5) To conduct additional commercially related businesses in consistence with the lifestyle of different target groups.

6) To be a knowledge organization and mass transit technology transfer center of the nation.

7) To be an organization which is generally known and accepted in society.

8) To promote stakeholders’ understanding and awareness of the benefits they will receive from MRTA;

9) To contribute in setting the direction for development of the city and quality of life.

Vision, Mission, Corporate Goals and Main Objectives


13

Vision, Mission, Corporate Goals and Main Objectives

Corporate Goals In order to have a clear operational direction for the achievement of the vision set forth, MRTA has determined the objectives of

operation for fiscal years 2012-2016, by taking into account different aspects of needs namely, the needs in terms of stakeholders,

finance, process, and learning and growth. These objectives are :

1) To operate MRT service in Bangkok and its vicinity areas.

2) To achieve target increases in the number of passengers;

3) To satisfy the passengers’ need in various aspects of service;

4) To provide various services consistent with the lifestyle and travelling habits of passengers;

5) To generate more income and reduce subsidy from the public sector;

6) To be the nation’s main organization in managing and transferring knowledge on mass rapid transit.

7) To be a reputable and accepted organization among all sectors;

8) To have an efficient internal management;

9) To engage knowledgeable and skillful personnel in their area of responsibility;

10) To play an important role in improving the people’s quality of life.

Main Objectives From our vision, mission and objectives, MRTA has hereby set forth operating goals to be achieved by the end of the fiscal

year 2016, as follows

1) The Purple Line Project, Bang Yai - Bang Sue section can be opened for service as planned*

2) The number of passengers is to increase to 350,000 per line per day;

3) To be able to implement common ticket system for M.R.T. Chaloem Ratchamongkhon Line and for the Purple Line,

Bang Yai - Bang Sue section;

4) To acheive 95% of passenger satisfaction with mass rapid service and other services;

5) To increase income from asset management and related service and businesses to 128 million Baht/year;

6) To be able to manage and monitor management of liabilities, cash, and exchange rate to reduce risk and increase income

systematically by 2013;

7) To be able to develop the organization into a mass rapid transit technology transfer center as planned;

8) 80% of the people in Bangkok and its vicinities are aware of the existence of MRTA and have confidence in its operation.

9) 90% of the people living along the route have better quality of life ;

10) Complete information system for decision making so that it is readily available for executives by 2014 ;

11) 90% of MRTA staff members are satisfied with internal process management ;

12) Performance of 90% of staff members achieve organization competency standard.

Remark * Open for service by October 2015, which is an operational goal of MRTA acknowledged by MRTA Committee on 13 January 2012.


14

ORGANIZATION CHART OF MRTA

Special Affairs DivisionPublic Relations DivisionAdministrative Affairs Division

Strategy and PlanningDivision

M&E System Engineering Division

Construction Management Division 1

Land Acquisition Planning Division

Technical Division

AccountingDivision

Civil Engineering Division

Deputy Governor(Engineering and Construction)

Deputy Governor(Strategy and Planning)

StrategyDepartment

Technical Department

Accountingand FinanceDepartment

Civil Engineering and Architecture

Department

Construction Management Department

Land Acquisition Department

Audit Offfiice

Electrical and Mechanical EngineeringDepartment

Evaluation and Performance ManagementDivision

Electrical andMechanical EngineeringDivision


Land Acquisition Division 1

Environment Division

FinanceDivision

ArchitectureDivision

Budgeting andLoan Division

Risk Management and Internal Control Division

M&E System Supervisory Division




Information Technology Center


15

Governor

Account and Finance Audit DivisionGeneral Audit DivisionSafety Occupational Health and Environment Offfiifice

System Operations Division

SecurityDivision

Business Planningand DevelopmentDivision

Human ResourceDivision

Juristic Act Division

Assistant Governor

Audit Offfiice

Deputy Governor(Administration)

Deputy Governor (Operations)

Operations DepartmentSecurity and

Rescue DepartmentBusiness and Property

Management DepartmentGeneral

Administration DepartmentLegal AffairsDepartment

MaintenanceDivision

RescueDivision

Business and Property Management Division

Human Resource and Work SystemDevelopment Division

Contract Division

Security, Fireand Rescue Training Institute

Concession Management Division

Supply Division

Litigation and DisciplinaryDivision

Offififfiice Building and Vehicles Division


16

Policy of MRTA Board of Directors

MRTA Board of Directors determines the policy and governs the operation of MRTA. Therefore, in order for MRTA operation to

be in accordance with the objectives and consistent with the government’s policy, MRTA Board of Directors has set out a policy

to be used as guideline for operation and governance, as follows:

1) To promptly carry on and complete the projects of mass rapid transit lines as assigned and open for service as planned;

2) To provide mass rapid transit service that is convenient, fast, safe and punctual, keeping in mind the satisfaction of each

target group;

3) To allow the public contribution in the operation and use the public’s feedback for development and improvement of

operation;

4) To operate the organization with good governance, social and environmental responsibility, and put emphasis one

prevention and mitigation of impact which may occur from the operation of the organization;

5) To manage assets, operate the business with continuity, and provide supporting services to increase income and reduce

support burden from the government;

6) To implement effective financial management, in terms of cash management, liabilities management, and risk management;

7) To communicate progressively in different methods so that the public is aware and understands the importance of MRTA,

our operation, and supporting MRTA.

8) To develop personnel, internal management, and information system to increase effectiveness in operating the

organization, and encourage concrete knowledge and technology transfer from contractors and consultants;

9) To develop and improve incentive system both in terms of money and non-money incentive in order to establish fairness

and motivation for employees.


17

Chairperson Miss Rachanee Tripipatkul Age 59 years Date of Birth 20 June 1953

Education • DiplomainBusinessStudies,WestKentCollegeofFutureEducation,Kent,England; • AccountancyFoundation,EalingPolytechnicSchoolofManagement,London(nowknownasUniversityofWestLondon,UK) • ThaiInstituteofBankingandFinanceAssociation-“Finance&BankingCertificate,Class1” • AFellowMember,InstituteofCharteredAccountantsinEngland&Wales • TheInstituteofDirectors’sDirectorCertificationProgram,Class14 • BachelorofLaw,RamkhamhaengUniversity; • TheNationalDefenceCollegeofThailand-“CertificateforPublicandPrivateSectorsProgramme,Class15” • TheNationalDefenceCollegeofThailand-“CertificateforNationalSecurityManagement-HighLevel,Class1”

Current Position • ChairpersonoftheMassRapidTransitAuthorityofThailand(MRTA)BoardofDirectors

Other Position • DirectorofNakarinPathumthaniEstateCo.,Ltd.

Occupational Background • Seniorauditor,SimmonsCohenFine&Ptns.CharteredAccountants(London) • Area/RegionalInspector,BangkokBankPublicLimited • StandardCharter(Thai)PublicLimited - Internal Controller / Financial Controller - Senior Manager Finance Planning Asia Pacific (positioned in Hong Kong, Malaysia, and Singapore) - Head of Finance Senior Manager, Customer and Credit Services - Chief Financial Officer -SeniorExecutiveVicePresident&ChiefFinanceOfficer -ChiefOperatingOfficer:Finance&Planning,InformationTechnologyandPropertiesManagement -Director&SeniorAdvisory • ManagingDirector,P.O.C.ConcreteCo.,Ltd. • SeniorAdvisor,NovaSteelCo.,Ltd.

MRTA Board


18

Mr. Pongstorn Kunanusorn Age 61 years Date of Birth 12 September 1951 Education

• BachelorofBusinessAdministration,ChiangMaiUniversity • MBA,NorthTexasStateUniversity • Senior executive, class 41, Office of theCivil Service Commission (OCSC)

Current Position • Advisor

Other Position • ChairmanoftheBoard,BangkokChristianHospital

Occupational Background • ChairmanoftheBoardofCATWirelessNetworkCo.,Ltd. • DirectorofCATMobileCo.,Ltd. • DirectorofCATContactCenterCo.,Ltd. • DirectorofDhanarakAssetDevelopmentCo.,Ltd. • DeputySeniorDirector,IslamicBankofThailand •Deputy Senior Director (marketing and investment banking), Secondary Mortgage Corporation •Acting Managing Director, Secondary Mortgage Corporation (Nov 2003 - Sep 2004) • Inspector,FinancialSectorRestructuring(FSR),responsible for the liquidation and winding-up of 56 financial institutions •Managing Director, Srimitr Securities Public Company Limited

Mr. Arak Chonlatanon (in offfiice from 13 December 2011 to 14 January 2012) Age 62 years Date of Birth 16 May 1950

Education • BachelorofEngineering (Electronics and Communications), ChulalongkornUniversity • Advance Management Program (AMP 153) Graduate SchoolofBusinessAdministrationHarvardUniversity • NationalDefenceCollege(NDC4515) • DirectorCertificationProgram(DCP106),ThaiInstituteof Directors • CapitalMarketAcademy(CMA Class 9) Other Position

- Occupational Background

• Engineer,Electricity Generating Authority of Thailand • Engineer, Manager of Communications Divis ion, Anglo-Thai Engineering Co., Ltd. • DirectorofCommunicationsDepartment,BoneoTechCo.,Ltd. • ManagingDirector,Datacraft(Thailand)Co.,Ltd. • GeneralManager- Telecommunications, Advance Info Service Public Company Limited • ExecutiveVicePresident,Operation,ShinawatraComputer and Communications Group • SeniorDirector,President,Advance InfoServicePublic Company Limited • President,ShinawatraInternationalPublicCompanyLimited • Chairman,DigitalPhoneCo.,Ltd. • ExecutiveChairman,CapitalOKCo.,Ltd.andThaiAir Asia Co., Ltd. • ExecutiveDirector,BusinessDevelopment,ShinCorporation Public Company Limited • ChiefExecutiveOfficer,ThaicomPublicCompanyLimited • Chairman,MediaandNewBusiness, ShinCorporation Public Company Limited

MRTA Board


19

Mr. Athapol Yaisawang Age 62 years Date of Birth 22 December 1950

Education • Bacheloroflaws(2ndClassMerit)ThammasatUniversity • ThaiBarristeratLaw,InstituteofLegalEducationoftheThaiBar • Masteroflaws,ThammasatUniversity • HonoraryDoctoralDegreeinlaws,RamkhamhaengUniversity • SeniorExecutiveTrainingProgram1(Class24) • ExecutiveNationalDefenceTrainingProgram(Class17), National Defence College • Politics and Governance in Democratic Systems for Executives (Class 13) King Projadhipok’s Institute

Current Position • DeputyAttorneyGeneral

Other Position -

Occupational Banckground • Lecturer,RamkhamhaengUniversity • AssistantStateAttorney • Attorney,LoeiProvince • SpecialProsecutor,DepartmentofPolicyandPlanning • DeputyDirector-General,DepartmentofTechnical • DeputyDirector-General,DepartmentofAttorneyCommittee • Director-General,DepartmentofSpecialCase • Director-General,DepartmentofAttorneyCommittee • Inspector-General • ChiefInspector-General • DeputyAttorney-General

Mr. Chairat Joomwong (in office from 15 December 2009 to 31 July 2012) Age 62 years Date of Birth 24 September 1949 Education

• Certificate in Technical Education, Phranakorn Teachers’ College • Certificateof High School Special Teachers,Ministry of Education • BachelorofLaw,RamkhamhaengUniversity • CertificateinAdministrativeLaw,Class1,InstituteofLegal Education of the Thai Bar • CertificateinLaborLaw,Class1,InstituteofLegalEducation of the Thai Bar Current Position

- Other Position

• CommitteeMemberandLegalConsultant,Foundationof Consumers • Member, Consumer Protection Board,Lawyers CouncilofThailand •Member, Committee on Dispute Mediation, Lawyers Council of Thailand •Member, Committee on the Environment, Lawyers Council of Thailand • Member, Sub - Committee for Consumer Complaint Mediation Office of the Consumer Protection Board, Prime Minister’s Office Occupational Background

• LegalOfficerinseveralgovernmentsandprivateagencies • GeneralManagerofaprivatecompany • MemberofRegistrationSub-Committee,LawyersCouncil of Thailand • Member of Committee to Consider Draft Legislation, Ministry of Justice • Member of Academic Sub - Committee, Constituent Assembly B.E. 2550 • TripartiteCommitteetoresolvetheimpactofnoisefrom Suvannabhumi Airport


20

Mr. Rapeepan Sariwat Age 59 years Date of Birth 25 October 1953 Education

• Bachelorof PublicAdministration (Honors), Thammasat University • BachelorofLaw,SukhothaiThammathiratOpenUniversity, • Diploma,NationalDefenceCollege • MiddleManagementCourse • SeniorManagementCourse • Inspector-GeneralCourse • StudytriponruraldevelopmentinthePeople’sRepublic of China • Studytripon inspection inEngland,France,Germany, and Australia • StudytriponpublicparticipationinCalifornia,USA

Current Position • Inspector-General,PrimeMinister’sOffice

Other Position • RepresentativeoftheOfficeofthePermanentSecretaryof the Prime Minister’s Office as member of the Thai Health Board

Occupational Background • AssistantInspector-General,PrimeMinister’sOffice • Director,PersonnelDivision,OfficeofthePermanentSecretary of the Prime Minister’s Office • Director,OfficeofthePermanentSecretaryofthePrime Minister’s Office

• Inspector-General,PrimeMinister’sOffice

Mr. Pongpanu Svetarundra Age 53 years Date of Birth 24 March 1959

Education • B.Com.(Econ),UniversityofAuckland,NewZealand • M.A.(Economics),NorthwesternUniversity,USA • NationalDefenceCollege2005 • CapitalMarketAcademy,Class1 • DirectorCertificationProgram,Class15,NationalJustice Academy • InstituteofDirectors • AdvancedManagementProgram,HarvardBusinessSchool • PublicDirectorCertificationProgram,Class6,PublicDirector Institute (PDI) Current Position

• DeputyPermanentSecretary,MinistryofFinance Other Position

• Chairman,SMEBankThailand • MemberandSecretaryoftheStudentLoansFundBoard • BoardMember,GovernmentPensionFund • Director,TOTPublicCompanyLimited • Director,BankThaiPublicLimited • Member,InvestmentCommitteeandSteeringCommittee, Vayupak Fund • BoardMember,ProvincialWaterworksAuthority • BoardMember,IndustrialEstateAuthorityofThailand • BoardMember,SMEs&PFinancialAdvisoryCenter(SFAC) • Board Member, Financial Institution Development Fund (FIDF) • Chairman,SecondaryMortgageCorporation Occupational Background

• DirectorGeneral,ExciseDepartment • DirectorGeneral,ComptrollerGeneral’sDepartment • DirectorGeneral,PublicDebtManagementOffice • DeputyDirector,FiscalPolicyOffice • Director,InternationalEconomicPolicyDivision

MRTA Board


21

Mr. Tawalyarat Onsira (in off iice from 23 July 2010 to 1 June 2012) Age 61 years Date of Birth 4 December 1951

Education • BachelorofEngineering(CivilEngineering),KasetsartUniversity • SeniorExecutiveTrainingProgram(SET1),Class28 • Diploma,National Defence College, Class 46

Occupational Background • JuniorTechnical Officer, Ministry of Transport • TransportTechnicalOfficer3,PlanningDivision,Ministryof Transport • TransportTechnicalOfficer4,PlanningDivision,Ministryof Transport • PolicyandPlanningAnalyst5,MinistryofTransport • TransferredtotheDepartmentofMineralResourcesasa Civil Engineer 5, Civil and Mineral Resource Section, Department of Mineral Resources and resigned to be a site engineer in Saudi Arabia • RedeployedtoworkforthegovernmentsectorasaCivil Engineer 5, Technical Division, Harbour Department (Marine Department) • ChiefofCoastalChannelDredgingandMaintenance Centre (Chanthaburi Base) • ChiefofCoastalChannelDredgingandMaintenance Centre (Songkhla Base) • DirectorofRiverChannelDredgingandMaintenance •Division Director of Coastal Channel Dredging and Maintenance Division • DeputyDirectorGeneral,HarbourDepartment(MarineDepartment) • Director-General,MarineDepartment • Inspector-General,MinistryofTransport • DeputyPermanentSecretary,Ministry of Transport

Mr. Pongchai Kasemthvisak (take off ifice in 30 July 2012) Age 57 years Date of Birth 22 August 1955

Education • BachelorofLaw(2ndClassHonors),RamkhamhaengUniversity • ThaiBarristeratLaw,InstituteofLegalEducationoftheThaiBar • MasterofDevelopmentAdministration,NationalInstituteof Development • AdvancedCertificateCourseinPublicAdministrationand Law for Executives (Class 7), King Prajadhipok’s Institute • Diploma,NationalDefenceCollege(Class51)

Current Position • Inspector-General,MinistryofTransport

Other Position -

Occupational Background • Director,VehicleRegistrationandTaxStandardBureau • SamutprakarnProvincialLandTransportOffice • Director,CarRegistration • DirectorofUbonRatchathaniProvincialLandTransport Office • DeputyDirectorGeneral(Administration),Departmentof Land Transport • Inspector-General,MinistryofTransport


22

MRTA Board

Mr. Voravidh Champeeratana Age 59 years Date of Birth 28 May 1953 Education

• FacultyofBusinessAdministration,KasetsartUniversity • BBAinmanagement,TheUniversityofManila,Philippines, •MPA in Public Administration The University of Manila, Philippines • SeniorExecutiveDevelopmentProgram,Class4,Officeof the Civil Service Commission •Director Certification Program (DCP), Thai Institute of Directors • PublicAdministrationPrograminFiscalManagement,Ph.D., UdonThaniRajabhatUniversity • MastersDegreeinPolitics(India) • Ph.D. in Justice Administration and Society, Suan Dusit RajabhatUniversity

Current Position • DirectoroftheBureauoftheBudget

Other Position • CommitteeMember,SportsAuthorityofThailand

Occupational Background • BudgetanalystoftheBureauoftheBudget • Expert in budgeting strategy for integrated provincial management of the Bureau of the Budget • DirectoroftheEconomicSectorBudgetPreparationOffice2 of the Bureau of the Budget • DirectoroftheNationalSecurityBudgetPreparationOffice1 of the Bureau of the Budget • AdvisorfortheBureauoftheBudget • DeputyDirectoroftheBureauoftheBudget • DirectoroftheBureauoftheBudget


23

Mrs. Soithip Trisuddhi (infififififi Offif ice from 26 June 2008 to 18 July 2012) Age 57 years Date of Birth 17 January 1955

Education • BachelorofArts,ThammasatUniversity

• LLB,ThammasatUniversity

• MasterofArts(MassCommunications),ThammasatUniversity

• GraduateDiplomainPublicLaw,Class6,ThammasatUniversity

• SeniorExecutiveDevelopmentProgram,Class28,Officeof

the Civil Service Commission(OCSC. 28)

• NationalDefenceCollegeProgram,Class45(NDC45)

• Program for Senior Executives on Justice Administration,

Class 9 (EJA9)

• AdvancedCertificateCourseinPoliticsandGovernancein

Democratic Systems for Executives, Class 10 (APM. 10)

• DirectorCertificateProgram(DAP),ThaiInstituteofDirectors(IOD)

• CorporateGovernanceProgramforDirectorsandSenior

Executives of State Enterprises and Public Organizations,

Class 1, Public Director Institute

Other Position • ExecutiveDirector,BangkokMassTransitAuthority(BMTA)

• Director,AirportsofThailand,PublicCompanyLimited(AOT)

• Director,CivilAviationTrainingCenter(CATC)

• Director,TourismAuthorityofThailand(TAT)

• Director,ExpresswayAuthorityofThailand(EXAT)(formerly

Expressway and Rapid Transit Authority)

• ChairpersonoftheBoard,ExpresswayAuthorityofThailand

(EXAT)(formerlyExpresswayandRapidTransitAuthority)

• Chairperson, Selection Committee for CEO of the

Suvarnabhumi Airport Hotel Co., Ltd.

• Chairperson,SelectionCommitteeforCEOoftheAirports

of Thailand Public Company Limited

• Chairperson,SelectionCommitteeforCEOoftheTHAI-

Amadeus Southeast Asia Co., Ltd.

• Chairperson,Fact-FindingCommitteeonCATCPersonnel

Violations and Non-Compliance of Codes

• PanelMemberforApprovalofAlienBusinessOperationsin

Thailand, Ministry of Commerce

• Board Member on the Radio Broadcasting Station,

Meteorological Department

• WorkingGroupMember on Readiness for Conducting

Technical Trials of Suvarnabhumi Airport Operating Systems

• Chairperson, Selection Committee for CEO of the

Aeronautical Radio of Thailand Co., Ltd.

Occupational Background

• CommunicationsTechnicalOfficer,PostandTelegraph

Department

• Chief,OfficeoftheSecretarytotheMinisterofTransport

• InspectorGeneral,MinistryofTransport

• Chiefofinspector-General,MinistryofTransport

• SpokespersonoftheMinistryofTransport

• Chairperson,Expropriation Compensation Board,FifthBoard

• DeputyChairperson,CommitteeonPublicRelationsfor

the Ministry of Transport

• Memberof theCivilServiceSubcommittee,Ministryof

Transport


24

MRTA Board

Mr. Chula Sukmanop (took off ice on 19 July 2012) Age 47 years Date of Birth 10 January 1965

Education • BachelorofLaws,ChulalongkornUniversity • LL.M.(MaritimeLaw),UniversityofSouthampton •Ph.D. (Marit ime Law or Admiralty), Univers ity of Southampton

Current Position • DirectoroftheOfficeofTransportandTrafficPolicyand Planning (OTP)

Other Position - Occupational Background

• LegalOfficer,OfficeoftheMaritimePromotionCommission • Secretary of the Department, Office of the Maritime Promotion Commission • Directorof theTransportSystemDevelopmentDivision, Office of the Transport and Traffic Policy and Planning • DirectoroftheTransportandTrafficTechnologyCenter, Office of the Transport and Traffic Policy and Planning • Expertinpolicyandplanning,OfficeofthePermanent Secretary of the Ministry of Transport • DeputyDirectorof theOfficeof Transportand Traffic Policy and Planning (OTP) • Inspector-GeneraloftheMinistryofTransport • DirectoroftheOfficeofTransportandTrafficPolicyand Planning (OTP)

Mr. Poramatee Vimolsiri Age 52 years Date of Birth 8 May 1960

Education • Bachelor of Economics in quantitative economics, ChulalongkornUniversity • MasterofInternationalAffairsininternationaleconomics, ColumbiaUniversity,NewYork,USA • Ph.D. in Economics, Monetary Economics and Public Finance,CarletonUniversity,Ottawa,Canada Current Position

• DeputySecretary-General,OfficeoftheNationalEconomic and Social Development Board Other Position

• Board Member, Neighboring Countries Economic Development Cooperation Agency • BoardMember,ThailandProductivityInstitute Occupational Background

• PolicyandPlanAnalyst4, Public Planning Division, Office of the National Economic and Social Development Board (NESDB) • PolicyandPlanAnalyst5,EconomicAnalysisandProjection Division • PolicyandPlanAnalyst6,EconomicAnalysisandProjection Division • HeadofPlanningTechniqueWorkingGroup,Economic Analysis and Projection Division • Director,PublicPlanningDivision • Director,MacroeconomicOffice • Advisor inPolicyandPlanning,Officeof theNational Economic and Social Development Board • Deputy Secretary - General, Office of the National Economic and Social Development Board


25

Mr. Udom Puasakul Age 61 years Date of Birth 11 November 1951 Education

• B.A.(PoliticalScience),ChiangMaiUniversity • M.A.(PoliticalScience),ChiangMaiUniversity

Position as of 30 September 2012 • Director - General, Department of Public Works and Town&CountryPlanning,MinistryofInterior

Other Position • BoardMember,ProvincialWaterworksAuthority

Occupational Background • DeputySecretary-GeneraltothePrimeMinister • GovernorofLampoonProvince • GovernorofChiangRaiProvince • GovernorofUthaiThaniProvince

Mr. Supat Wangwongwattana (in offifif ice from 19 October 2011 to 1 April 2012) Education

• Bachelor of Science in Public Health (Occupational Health),MahidolUniversity • MasterofEnvironmentalTechnologyandManagement, Asian Institute of Technology, Thailand • Ph.D.AirPollutionEngineeringUniversityofCincinnati,USA. • HonoraryDegreeinAirQualityTrainingandManagement, AirPollutionTrainingInstitute,US.EPA

Position during Off ifice • Secretary-GeneraloftheOfficeofEnvironmentalPolicyand Planning


• ActingDirectoroftheAirQualityandNoiseManagement Division • DirectoroftheAirQualityandNoiseManagementDivision • ActingDirectorofthePollutionManagementCoordination Division • DeputyDirector-GeneralofthePollutionControlDepartment • Director-GeneralofthePollutionControlDepartment • Secretary-GeneraloftheOfficeofEnvironmentalPolicy and Planning


26

MRTA Board

Mr. Santi Boonprakab (in offifif ice from 3 - 26 April 2012) Age 59 years Date of Birth 13 March 1953

Education • BachelorofScienceinStatistics,RamkhamhaengUniversity • Certificate,theProjectPlanningandManagementCourse (International) The National Institute of Public Administration, Malaysia • Certificate, Economic for Natural Resources and EnvironmentalManagementOregonStateUniversity,USA • MasterofPublicandPrivateManagementProgram,NIDA • Advanced Certificate Course in Public Economics Management for Executives (accepted by OCSC as equivalent of senior executive), King Prajadhipok’s Institute • Senior Executive Development Program: Visionary and Moral Leadership, OCSC • SeniorExecutiveDevelopmentProgram:PublicExecutive (SE 2) Class 3, OCSC Position during Offififfiice

• Secretary-General,OfficeoftheNaturalResourcesand Environmental Policy and Planning

Other Position -

Occupational Background • DirectorofCoordinationSection1NaturalResourcesand Environmental Management • DirectoroftheOfficeoftheEnvironmentFund • DirectoroftheEnvironmentalImpactEvaluationBureau • DirectoroftheOfficeoftheNationalEnvironmentBoard • DeputyDirector-GeneraloftheMineralResourcesDepartment • DeputySecretary-GeneraloftheNaturalResourcesand Environmental Policy and Planning • Inspector-GeneralofMinistryofNaturalResourcesand Environment


27

Mr. Wijarn Simachaya (took offifif ice on 16 May 2012) Age 54 years Date of Birth 10 December 1958 Education

•BachelorofScience,ChiangMaiUniversity •Master of Science in Environmental Science, Kasetsart University •Diploma(SanitaryEngineering)ChulalongkornUniversity •BachelorofLaws,RamkhamhaengUniversity •CertificateinSewageWorkEngineering,JapanInternational Cooperation Agency, Japan •Ph.D.(EnvironmentalEngineering),UniversityofGuelph,Canada

Current Position • Secretary-GeneraloftheOfficeoftheNaturalResources and Environmental Policy and Planning

Other Position • Member,ExecutiveCommitteeoftheThailandGreenhouse Gas Management Organization (Public Organization) • Member,CommitteeforConsiderationofEnvironmental Impact Assessment Report • Member,PollutionControlCommittee • AdvisorforEnvironmentandNaturalDisasterSub-Committee, the Senate Standing Committee on Natural Resources and Environment • Member,CommitteeonAcademicInspectiononEnvironment Management and Biodiversity Development Project, Office of the National Research Council of Thailand • Member,CommitteeandSub-Committeeonenvironment management, pollution control and environment management standard within and outside the Kingdom

Occupational Background • Environmentofficer,EnvironmentQualityStandardDivision, Office of the National Environment Board • ExcellentOfficerAwardoftheOfficeoftheCivilService Commission • DirectoroftheWaterManagementBureau(Administration) and Director of the Center for Environmental Modeling and Risk Assessment, Pollution Control Department • DirectorofEnvironmentDivision)andAssistanttoChief Executive Officer, Mekong River Commission, international organization) Vientiane, The Lao People’s Democratic Republic • DirectoroftheEnvironmentalQualityControlandLaboratory Department, Pollution Control Department, Ministry of Natural Resources and Environment • DirectoroftheAirandNoiseQualityManagementBureau, Ministry of Natural Resources and Environment • DeputyDirector-GeneralofthePollutionControlDepartment • InspectorGeneralofMinistryofNaturalResourcesand Environment • Director-GeneralofthePollutionControlDepartment • Secretary-GeneraloftheOfficeoftheNaturalResources and Environmental Policy and Planning


28

Mr. Charoenrat Chutikarn Age 61 years Date of Birth 14 October 1951

Education • BachelorofLaws,RamkhamhaengUniversity • BachelorofBusinessAdministration,SukhothaiThammathirat OpenUniversity • MasterofPoliticalScience,ThammasatUniversty

Position as of 30 September 2012 • Permanent Secretary for the Bangkok Metropolitan Administration

Other Position • Commissioner and Secretary of the Official Justice Promotion and Interests Protection Consultative Commission • CommissionerofBMACivilServiceCommission • SecretaryofPolicyConductInspectionCommission • CommissionerandSecretaryofInvestigationCommission for Fraud and Misconduct in Bangkok Metropolitan Administration • Advisor to the BoardofDirectors, Bangkok Thanakom Co., Ltd.

Occupational Background • Chief of the Secretary to Permanent Secretary for the BMA Section • ChiefoftheCityLawEnforcementAffairsInspectorSection, City Law Enforcement Department • AssistantDirectorofBangkokYaiDistrict • ChiefoftheGovernorofBangkokSecretariat • DirectorofGeneralAffairsDivision,OfficeofthePermanent Secretary for the BMA • AssistantPermanentSecretaryfortheBMA • Secretary-GeneraloftheOfficeoftheBMACivilService Commission • DeputyPermanentSecretaryfortheBMA • PermanentSecretaryfortheBMA

Mr. Yongsit Rojsrikul Age 48 years Date of Birth 5 February 1964

Education • BachelorofElectricalEngineering,ChulalongkornUniversity • MasterofBusinessAdministration,CaliforniaStateUniversity, USA

Current Position • GovernorofMassRapidTransitAuthorityofThailand


• Manager, Marketing and Sales Department, Thaicom Public Company Limited • Manager,MarketingandSalesOffice, ThaicomPublic Company Limited • Assistant Vice President, Thaicom Public Company Limited • VicePresident,ThaicomPublicCompanyLimited

MRTA Board


29

Advisors to the MRTA Board

Pol.Gen.Adul Sangsingkeo Age 58 years Date of Birth 8 April 1954

Education • BachelorofPublicAdministration(Police)fromtheRoyal Police Cadet Academy in 1976 (Police Cadet Class 29) •Master of Arts (Society Development) from Kasetsart University,1990 • Command andGeneral Staff College, Superintendent Course 6, 1982 • CommandandGeneralStaffCollegeClass33,1991 • Institute Of Police Administration Development, Senior Police Administration Course, Class 15, 1995 • NationalDefenceCollege,NationalDefenceProgram, Class 42, 1999 • CapitalMarketAcademy,SeniorExecutiveProgram,Class 5, 2007 • NationalJusticeAcademy,SeniorExecutivesonJustice Administration, Class 15, 2010-2011

Current Position as of 30 September 2012 • DeputyCommissioner,RoyalThaiPolice • Secretary-General,NarcoticsControlBoard

Other Position -

Occupational Background • CommanderofTrafficPolice,MetropolitanPoliceBureau • AssistantCommissioner,MetropolitanPoliceBureau • DeputyCommissioner,MetropolitanPoliceBureau • ProvincialPoliceRegion3Commissioner • ProvincialPoliceRegion9Commissionerandactingasthe Commissioner of the National Police Operations Center (Amphoe Muang, Yala Province) and Deputy Director of the Southern Border Provinces Peace Building Command • AssistantCommissionerGeneral,actingProvincialPolice9 Commissioner and acting as the Commissioner of the National Police Operations Center • AssistantCommissionerGeneral(CrimeSuppression,Security) and governing Provincial Police Region 9, National Police Operations Center • AssistantCommissionerGeneral (Security)andactingas the Commissioner of the National Police Operations Center and the Deputy Director of the Internal Security Operations Command Region 4 • AssistantCommissionerGeneral(CrimeSuppression)(Security and Special Task) and acting as the Commissioner of the National Police Operations Center and the Deputy Director of the Internal Security Operations Command Region 4 • AssistantCommissionerGeneral (CrimeSuppression)and governing the Southern Border Police Bureau, National Police Operations Center • Advisor(Level10)(SecurityandSpecialTask)andgoverning Southern Border Police Bureau, National Police Operations Center, Border Patrol Police Bureau • DeputyCommissionerGeneral • Secretary-GeneraloftheNarcoticsControlBoard


30

Mr. Pramote Inswarng Age 64 years Date of Birth 20 October 1948

Education • BachelorofEngineering(Civil),KasetsartUniversity

Current Position • AdvisortotheMRTABoardofDirectors

Other Position • Executive,SuanLuangRamaIXPublicPark • CommitteeMember,KUEngineeringAlumniClub • Director,RatchaburiElectricityGeneratingCo.,Ltd. •Advisor, Thailand Business Council for Sustainable Development

Occupational Background • ElectricityGenerating Authority of Thailand - Engineer, Huai Kum Dam Construction Project - Director of Mae Ngat Dam Hydro Power Plant Construction Project - Engineer,UpperHuaiKingDamConstructionProject - Director of Mae Moh Irrigation Project - Director of the Maintenance Department - Assistant Governor, Special Affairs - Assistant Governor, Hydro Power Plant Construction, • EGATPublicCompanyLimited - Executive Assistant Manager, Hydro Power Plant Construction - Executive Assistant Manager, Administration and Finance Business Development, • ElectricityGeneratingAuthorityofThailand - Assistant Governor - Administration and Finance Development - Assistant Governor - Administration and Development - Deputy Governor - Administration

Mr. Chukiert Ratanachaichan Age 57 years Date of Birth 8 December 1955

Education • BachelorofLaws(2ndClassHonors)ChulalongkornUniversity • ThaiBarristeratLaw,InstituteofLegalEducationoftheThaiBar • MasterofComparativeLawSouthernMethodistUniversity,USA • Certificate,IntellectualPropertyRightsinTechnologyTransfer, Kyoto Comparative Law Center, Japan • Certificate,OrganizationandManagementofGovernment Legal Services, Ministry of Justice of Japan Training Center, Tokyo, Japan • Certificate, Public International Trade LawCourse, the International Development Law Institute, Sydney, Australia

Current Position • DeputySecretary-General(LegalOfficer10,Expert)and member of the Council of State Group 6

Other Position -

Occupational Background • DirectorofInternationalLegalAffairsDivision • AssistantSecretary-General,CouncilofState • PermanentLawCouncilor



31

Mr. Prapon Vongvichien Age 65 years Date of Birth 17 July 1947

Education • BachelorofEngineeringinCivilEngineering,Chulalongkorn University • M.Eng.TransportationSystemsEngineeringAsianInstitute of Technology • Ph.D.TrafficandTransportationEngineeringOhioState University(GovernmentScholarship) Current Position

• AdvisortotheMRTABoardofDirectors Other Position

- Occupational Background

• CivilEngineer5,EngineeringDivision,DepartmentofCity Planning, Ministry of Interior • CivilEngineer5,TrafficControlCenter,Officeofthe Commission for the Management of Land Traffic • CivilEngineer6,TrafficEngineering,OfficeoftheCommission for the Management of Land Traffic, Interior Policy and Planning Bureau, Ministry of Interior • CivilEngineer7,HeadofTrafficEngineeringDepartment, Office of the Commission for the Management of Land Traffic, Interior Policy and Planning Bureau, Ministry of Interior • TrafficTechnicalOfficer7,HeadofTrafficSystemDepartment, Traffic Engineering Division, Office of the Permanent Secretary, Bangkok Metropolitan Administration • DirectorofPolicyandIntegratedPlanningDivision,Policy and Planning Office, BMA

• Director of Infrastructure and Environment Planning Division, Policy and Planning Office, BMA • DirectorofPlanningDivision,PublicWorksDepartment • Deputy Director of the Traffic and Transportation Department • Inspector-General10 • DirectoroftheTrafficandTransportationDepartment • Inspector-General10(ChiefInspector-General) • BMADeputyGovernor,PublicWorks(retired)


32

Miss Kanyanuch Sothip Age 61 years Date of Birth 9 March 1951 Education

• RajinibonSchool • BachelorofLaws,ChulalongkornUniversity • ThaiBarristeratLaw • SeniorExecutiveDevelopmentProgram • NationalDefenceCollege


Other Position -

Occupational Background • OfficialReceiver,LegalExecutionDepartment(LegalOfficer3) • ActingDirectoroftheLegalExecutionandDepositof Property Office Region 8 (Surathani) (Legal Officer 7) • HeadoftheOfficialReceiversDivision2(LegalOfficer7) • Inspector-GeneraloftheLegalExecutionDepartment (Legal Officer 8) • DirectorofLegalExecutionofCivilCaseDivision3(Legal Officer 8) • DepartmentSecretary(GeneralAdministrationOfficer8) • DeputyDirectoroftheLegalExecutionDepartment(Executive9) • DeputyDirectoroftheDepartmentofSpecialInvestigation (Executive 9) • DirectoroftheLegalExecutionDepartment(Executive10) • Inspector-GeneraloftheMinistryofJustice(Executive10) •Deputy Permanent Secretary, Head of Cluster for Development of Behavior (Executive 10) (retired)

Mr. Anant Sirisaengtaksin Age 61 years Date of Birth 10 February 1951

Education • BachelorofAccounting,ChulalongkornUniversity • MasterofBusinessAdministration,EasternNewMexico University • Certificate,InternationalTaxProgram,HarvardUniversity


Other Position • Director,BangkokAssetManagementCo.,Ltd. • Executive,TheMarketOrganizationundertheMinistryof Interior

Occupational Background • AreaRevenueOfficer,AreaRevenueOffice14 • Director,ThaiAssetManagementCorporation • RegionalRevenueOfficer,RegionalRevenueOffice • Director,SecondaryMortgageCorporation



33

Mr. Norrawit Larlaeng Age 46 years Date of Birth 12 November 1966

Education • BachelorofLaws,Class16(1990),RamkhamhaengUniversity • MasterofLaws,RamkhamhaengUniversity,Class6(2008) • ThaiBarristeratLaw,Class56(2004), InstituteofLegal Education of The Thai Bar

Current Position •AdvisortotheMRTABoardofDirectors • Member,MRTABusinessDevelopmentSub-Committee • Member,MRTALandAcquisitionSub-Committee • Member,MRTALegalAffairsandRegulationSub-Committee

Other Position • ManagingDirector,AphavichAttorneyatLawsCo.,Ltd. • DeputyChairman,NonthaburiLawyers’Committee

Occupational Background • Lawyer,1993-present • Member and Assistant Secretary, Senate Standing Committee 2004-2005 • Advisor,SenateCommitteeonBudgeting,2005 • Member,AdHoc Sub-CommitteeonPublic Relations, Participation, and Public Hearing for Drafting Constitution, Nonthaburi 2007 • Member,NonthaburiLawyers’Committee


34

Meeting Allowance for Meeting of the Board of Directors of the Mass Rapid Transit Authority of Thailand from 1 October 2011-30 September 2012

The meeting allowance rates for MRTA Board of Directors from 18 May 2004 Meeting allowance rate for MRTA Board shall not exceed Baht 10,000 per person per month; the directors shall be responsible for the income tax themselves - The Chairman shall receive 25% more allowance than other directors - The Vice Chairman shall receive 12.5% more allowance than other directors

Attendees Monthly meeting allowanceChairman 12,500 Baht

Member 10,000 Baht

Board of Directors Position Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-55 Jul-12 Aug-12 Sep-12 Total1 Miss Rachanee Tripiputkul Chairman No meeting 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 125,000.00

2 Mr. Arak Chonlatanon Member 10,000.00 10,000.00 20,000.00

3 Mr. Athapol Yaisawang Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

4 Mr. Sunthorn Saptantikul (from Dec 12) Member -

5 Mr. Winai Damrongmongkolkul (from Jan 13) Member -

6 Mr. Pongstorn Kunanusorn Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00

7 Mr. Chairat Joomwong Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

8 Mr. Rapeepan Sariwat Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00

9 Mrs. Pranee Sariwat (from Mar 13) Member -

10 Mr. Pongpanu Svetarundra Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00

11 Mr. Tawalyarat Onsira (Resigned on 1 Jun 12) Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00

12 Mr. Pongchai Kasemthvisak Member 10,000.00 10,000.00

13 Mr. Voravidh Champeeratana Member 10,000.00 10,000.00 10,000.00 30,000.00

14 Mr. Chankit Santikasem Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

15 Mrs. Soithip Trisuddhi Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 80,000.00

16 Mr. Chula Sukmanop Member 10,000.00 10,000.00 20,000.00

17 Mr. Poramatee Vimolsiri Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 60,000.00

18 Mr.UdomPuasakul Member 10,000.00 10,000.00 10,000.00 30,000.00

19 Mr. Supat Wangwongwattana Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00

20 Mr. Santi Boonprakab Member -

21 Mr. Wijarn Simachaya Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00

22 Mr. Charoenrat Chutikarn Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

23 Mr. Monton Sudprasert Member -

24 Mr. Thana Wichaisarn Member -

25 Mr. Yongsit Rojsrikul Member and Secretary 10,000.00 10,000.00 10,000.00 30,000.00

Total - 70,000.00 82,500.00 122,500.00 102,500.00 122,500.00 112,500.00 72,500.00 122,500.00 112,500.00 92,500.00 122,500.00 1,135,000.00


35

Meeting Allowance for Meeting of the Board of Directors of the Mass Rapid Transit Authority of Thailand from 1 October 2011-30 September 2012

The meeting allowance rates for MRTA Board of Directors from 18 May 2004 Meeting allowance rate for MRTA Board shall not exceed Baht 10,000 per person per month; the directors shall be responsible for the income tax themselves - The Chairman shall receive 25% more allowance than other directors - The Vice Chairman shall receive 12.5% more allowance than other directors

Board of Directors Position Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12 Apr-12 May-12 Jun-55 Jul-12 Aug-12 Sep-12 Total1 Miss Rachanee Tripiputkul Chairman No meeting 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 12,500.00 125,000.00

2 Mr. Arak Chonlatanon Member 10,000.00 10,000.00 20,000.00

3 Mr. Athapol Yaisawang Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

4 Mr. Sunthorn Saptantikul (from Dec 12) Member -

5 Mr. Winai Damrongmongkolkul (from Jan 13) Member -

6 Mr. Pongstorn Kunanusorn Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00

7 Mr. Chairat Joomwong Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

8 Mr. Rapeepan Sariwat Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00

9 Mrs. Pranee Sariwat (from Mar 13) Member -

10 Mr. Pongpanu Svetarundra Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 100,000.00

11 Mr. Tawalyarat Onsira (Resigned on 1 Jun 12) Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00

12 Mr. Pongchai Kasemthvisak Member 10,000.00 10,000.00

13 Mr. Voravidh Champeeratana Member 10,000.00 10,000.00 10,000.00 30,000.00

14 Mr. Chankit Santikasem Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

15 Mrs. Soithip Trisuddhi Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 80,000.00

16 Mr. Chula Sukmanop Member 10,000.00 10,000.00 20,000.00

17 Mr. Poramatee Vimolsiri Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 60,000.00

18 Mr.UdomPuasakul Member 10,000.00 10,000.00 10,000.00 30,000.00

19 Mr. Supat Wangwongwattana Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00

20 Mr. Santi Boonprakab Member -

21 Mr. Wijarn Simachaya Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 50,000.00

22 Mr. Charoenrat Chutikarn Member 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 10,000.00 70,000.00

23 Mr. Monton Sudprasert Member -

24 Mr. Thana Wichaisarn Member -

25 Mr. Yongsit Rojsrikul Member and Secretary 10,000.00 10,000.00 10,000.00 30,000.00

Total - 70,000.00 82,500.00 122,500.00 102,500.00 122,500.00 112,500.00 72,500.00 122,500.00 112,500.00 92,500.00 122,500.00 1,135,000.00


36

Committees, Sub-Committees of MRTA

Audit CommitteeMembers

1. Mr. Charoenrat Chutikarn Committee Chairman 2. Mr. Voravidh Champeeratana Member 3. Mr. Rapheephan Sariwat Member 4. Director of Audit office Secretary 5. Director of Accounting and Finance Audit Division, Assistant Secretary Audit office MRTA

Authority 1. Provide feasibility report of the financial report, management report, MRTA operating results report, conflict of interest report, compliance report for rules, regulations, cabinet resolutions, and policy set of the MRTA Board of Directors; 2. Provide report of governance by the Audit Committee to the MRTA Board of Directors at least once a quarter, accept for the last quarter, in which case such report shall be made into an annual operating results report, signed by the Chairman of the Audit Commit tee, and submitted to the Ministry of Transport and the Ministry of Finance within 60 days from the end of the fiscal year, and publish it in the MRTA annual report; 3. When performing its duty, if the Audit Committee finds or suspects a conflict of interest, corruption, abnormality, or significant defect in the internal control system, violation of rules, regulations, cabinet resolutions, and MRTA policy, which may significantly affect the financial position and operating results of MRTA, the Committee shall notify the MRTA Board of Directors; 4. The Audit Committee perform an annual self assessment and provide a report of the result together with the obstacles and challenges in operation which cause non-realization of objectives to the MRTA Board of Directors; 5. The Audit Committee shall strictly adhere to the rules and guidelines of audit committees in state enterprises as passed by the cabinet resolution on 25 April 2000.

Information Technology and Communications Sub-CommitteeMembers 1. Mr. Pongstorn Kunanusorn Sub-Committee Chairman 2. Pol. LT. Gen. Adul Sangsingkeo Member 3. Mr. Anant Sirisaengtaksin Member 4. Mr. Dhanasarn Suravudhikul Member 5. Mr. Setthawit Kerdpol Member 6. Mrs. Irada Luangwilai Member 7. Deputy Governor of MRTA Member (Strategy and Planning) 8. Director of Information Technology Center Member and Secretary

Authority 1. Determine policies and strategies for MRTA information technology and communications; 2. Control and oversee information technology and communications related works to ensure compliance with policies and strategies under 1. 3. Provide advice, suggestions and solutions to problems relating to information technology and communications work of the MRTA. 4. Perform other duties as assigned by the MRTA Board of Directors.


37

Environment Sub-CommitteeMember 1. Mr. Supat Wangwongwattana Sub - Committee Chairman 2. Mr. Chairat Joomwong Sub - Committee Vice Chairman 3. Mr. Pramote Inswarng Member 4. Asst. Prof. Dr, Kanoksak Eamopas Member 5. Asst. Prof. Dr. Suthin Yoosuk Member 6. Director General of Pollution Control Department or representative Member 7. Director of the Environmental Sanitation Division of BMA or representative Member 8. Director of the Environmental Impact Evaluation Bureau Office of Member Natural Resources and Environmental Policy and Planning or representative 9. Deputy Governor or Assistant Governor Secretary assigned by the Governor 10. Director of Technical Department Assistant Secretary

Authority 1. Consider and give suggestions on compliance with preventive and corrective measures for environmental impacts caused by operation of mass rapid transit business; 2. Provide advice and coordinate management of the environment and solution to environmental problems during construction and operation, and as well as complaints from the community concerning the operation of MRTA. 3. Consider and give suggestions on operational steps and procedures which may have impact on the environment. 4. Appoint a working committee to perform works relating to the environment as necessary; 5. Report operating results to the MRTA Board of Directors for acknowledgement, approval or further actions. 6. Perform other duties as assigned by the MRTA Board of Directors.

Subsequently, MRTA issued order No. 208/2555 dated 12 April 2012 amending the order appointing the Environment Sub-Committee under the MRTA Order No. 90/2555 dated 10 February 2012, which changed from “Asst. Prof. Dr. Suthin Yoosuk” to “Assoc. Prof. Dr. Suthin Yoosuk.”

Sub-Committee on Preparation of Memorandum of Agreement for MRTA Performance Appraisal Member 1. Mr. Poramatee Vimolsiri Sub - Committee Chairman 2. Mr. Pongstorn Kunanusorn Member 3. Mr. Pramote Inswarng Member 4. Deputy Governor or Assistant Governor as assigned by the Governor Secretary 5. Director of Strategy Department Assistant Secretary

Authority 1. Prepare a memorandum of agreement for MRTA performance appraisal in accordance with the evaluation system of state enterprise operating results. 2. The Chairman or the member assigned by the Chairman shall have the authority to negotiate the memorandum of agreement for MRTA Performance Appraisal with the State Enterprise Performance Appraisal Committee to be proposed to the MRTA Chairman Board of Directors and the MRTA Governor for consideration and execution of the memorandum of agreement for MRTA performance appraisal on behalf of MRTA, and propose to MRTA Board of Directors.


38

Committees, Sub-Committees

Sub-Committee for Performance Appraisal of MRTA Governor under the Engagement AgreementMembers 1. Mr. Athapol Yaisawang Sub - Committee Chairman 2. Mr. Rapeepan Sariwat Member 3. Mr. Pongstorn Kunanusorn Member 4. Mr. Pongchai Kasemthvisak Member 5. Deputy Governor of MRTA (Strategy and Planning) Secretary 6. Director of Strategy Department Assistant Secretary

Authority 1. Consider and determine the rules and procedures for performance appraisal of MRTA Governor under the rules and conditions specified in the engagement agreement; 2. Appraise the performance of the MRTA Governor under the rules and procedures under 1. 3. Report the result of performance appraisal of MRTA Governor under the engagement agreement to the MRTA Board of Directors for consideration.

Risk Management Sub-CommitteeMembers 1. Mr. Voravidh Champeeratana Sub - Committee Chairman 2. Mrs. Soithip Trisuddhi Member 3. Mr. Pongstorn Kunanusorn Member 4. Mr. Dhanasarn Suravudhikul Member 5. Asst. Prof. Prasert Arkraprathompongse Member 6. Miss Niphapen Semornsut Member 7. MRTA Deputy Governor (Strategy and Planning) Secretary 8. Director of Strategy Department Assistant Secretary

Authority 1. Determine risk management performance as assigned by MRTA Board of Directors; 2. Provide advice or suggestion and set measures or approaches to solving risk management problems to ensure that works are carried out in accordance with the policies of the MRTA Board of Directors and the Government. 3. Perform other duties as assigned by the MRTA Board of Directors.

Good Governance Sub-CommitteeMembers 1. Mr. Pongpanu Svetarundra Sub - Committee Chairman 2. Mr. Chairat Joomwong Member 3. Mr. Rapeepan Sariwat Member 4. Mr. Dhanasarn Suravudhikul Member 5. MRTA Deputy Governor (Strategy and Planning) Secretary 6. Director of Strategy Department Assistant Secretary Authority 1. Specify policy and direction to undertake activities for good corporate governance and corporate social responsibility; 2. Supervise the activities of organization to be in compliance with the specific policy and direction;


39

3. Continuously promote any activities in regard to specific policy and direction; 4. Report to the MRTA Board of Directors any activities concerning good corporate governance and corporate social responsibility from time to time as appropriate; 5. Appoint a working committee to support the work of the Sub-Committee; 6. Perform other duties as assigned by the MRTA Board of Directors.

Organization and Human Resources Development Sub-CommitteeMembers 1. Mr. Pongpanu Svetarundra Sub - Committee Chairman 2. Mr. Chula Sukmanop Member 3. Mr. Prapon Vongvichien Member 4. Mr. Pramote Inswarng Member 5. Mr. Dhanasarn Suravudhikul Member 6. MRTA Governor Member 7. MRTA Deputy Governor (Strategy and Planning) Secretary 8. Director of Strategy Department Assistant Secretary 9. Director of General Administration Department Assistant Secretary

Authority 1. Provide advice and suggestions on operations relating to administration, improvement, and development of the organization and human resources; 2. Govern the operations concerning organization and human resources development to ensure compliance with the policy of the MRTA Board of Directors; 3. Appoint a working committee to assist with the operation of the Organization and Human Resources Development Sub- Committee; 4. Perform other duties as assigned by the MRTA Board of Directors.

Business Development Sub-CommitteeMembers 1. Mr. Pongstorn Kunanusorn Sub - Committee Chairman 2. Mr. Pongpanu Svetarundra Member 3. Mr. Poramatee Vimolsiri Member 4. Miss Dachanee Euarchukiat Member 5. Mr. Prakit Seksan Member (Resigned on 1 August 2012) 6. Mr. Somchai Assawaseranee Member 7. MRTA Deputy Governor or Assistant Governor as assigned Secretary by the Governor 8. Director of Business and Property Management Department Assistant Secretary

Authority 1. Determine the issues relating to business development, property development and business management as assigned by MRTA Board of Directors or as requested by MRTA; 2. Provide advice or suggestions and define measures or resolutions to solve the problems on business development, property development or business management to be in compliance with the policy of MRTA Board of Directors and the Government; 3. Perform other duties as assigned by MRTA Board of Directors.


40

Committees, Sub-Committees

Legal Affairs and Regulations Sub-CommitteeMembers 1. Mr. Athapol Yaisawang Sub - Committee Chairman 2. Mr. Chairat Joomwong* Member 3. Mr. Rapeephan Sariwat Member 4. Miss Kanyanuch Sorthip Member 5. Mr. Sarawut Benchakul Member 6. Mr. Poramate Intarachumnum Member 7. Mr. Phongpichet Chantarapornkit Member 8. Mr. Kijja Kaewpankan Member 9. Mr. Korplarp Apaipakdi Member 10.Mr. Norrawit Larlaeng** Member 11.Mr. Sirichai Sutheeweerakachorn*** Member 12.MRTA Deputy Governor (Administration) Secretary 13.Director of Legal Affairs Department Assistant Secretary * Passed away on 31 July 2012 ** Appointed under the MRTA Order No. 225/2555, dated 20 April 2012 *** Appointed under the MRTA Order No. 389/2555, dated 17 July 2012

Authority 1. Provide advice or suggestion and prepare draft legislation, draft regulations, draft rules and draft contracts; and to consider and give judgment on legal and contractual issues deemed essential to MRTA as assigned by the MRTA Board of Directors or requested by MRTA. 2. Perform other duties as assigned by the MRTA Board of Directors.

Land Acquisition Planning and Monitoring Sub - CommitteeMembers 1. Mr. Chairat Joomwong Sub - Committee Chairman 2. Mr. Phakapol Pechking Member 3. Miss Dachanee Euarchukiat Member 4. Mr. Chaivut Rujjanavej Member 5. Mr. Sunthorn Saptantikul Member 6. Mr. Chamnan Chadit Member 7. Miss Rattana Luenkaew Member 8. Mr. Norrawit Larlaeng Member 9. MRTA Deputy Governor or Assistant Governor as assigned Secretary by the Governor 10. Director of Land Acquisition Planning Division Assistant Secretary

Authority 1. Regulate, set forth work plans, accelerate, monitor and coordinate land acquisition in accordance with the plans, 2. Provide advice or suggestion and set forth measures to solve problems and obstacles concerning land acquisition to ensure that MRTA to efficiently can carry out the land acquisition the construction of the Purple Line Project, Bang Yai-Rat Burana (Bang Yai-Bang Sue section), the Blue Line Project, Hua Lamphong-Bang Kae and Bang Sue-Tha Phra sections and the Green Line Project, Baring-Samut Prakan and Mo Chit-Sa Pan Mai sections as planned;


41

3. Report its operation to the MRTA Board of Directors on a quarterly basis, 4. Perform other duties as assigned by the MRTA Board of Directors.

Construction Management Sub-CommitteeMembers 1. Mr. Tawalyarat Onsira Sub - Committee Chairman 2.Mr.UdomPuasakul Member 3. Mrs. Soithip Trisuddhi Member 4. Mr. Charoenrat Chutikarn Member 5. Mr. Prapon Vongvichien Member 6. Mr. Chairat Joomwong Member 7. Mr. Chayaphong Chunak Member 8. Miss Wiramon Yunnan Member 9. MRTA Deputy Governor (Engineering and Construction) Secretary 10. Director of Construction Management Department Assistant Secretary 11. Director of Construction Management Division 1 Assistant Secretary 12. Director of Construction Management Division 2 Assistant Secretary 13. Director of Construction Management Division 3 Assistant Secretary

Authority 1. Determine project construction administration assigned by the MRTA Board of Directors or requested by MRTA; 2. Offer advice and consultations, and recommend measures or procedures to solve problems arisen from project construction administration to ensure compliance with policies of the MRTA Board of Directors and the Government; 3. Perform other duties as assigned by the MRTA Board of Directors or MRTA.

Finance, Budgeting and Investment Sub-CommitteeMembers 1. Mr. Voravidh Champeeratana Sub - Committee Chairman 2. Mr. Pongpanu Svetrundra Member 3. Mr. Pongstorn Kunanusorn Member 4. Mr. Anant Sirisaengtaksin Member 5. Mrs. Chaweewan Sukantharat Member 6. Mrs. Kanwee Seubsuk Member 7. MRTA Deputy Governor or Assistant Governor as assigned Secretary by the Governor 8. Director of Accounting and Finance Department Assistant Secretary

Authority 1. Determine financial, budgeting and investment matters as assigned by MRTA Board of Directors; 2. Provide advice or suggestions and determine measures or approaches to problems solving associated with finance, budgeting and investment in order to ensure that the works are carried out in accordance with the policies of MRTA Board of Directors and the Government. 3. Perform other duties as assigned by the MRTA Board of Directors.


42

MANAGEMENT TEAM OF MRTA(As of 30 September 2013)

Mrs. Kritaya SumitanantDeputy Governor (Administration)

Mr. Peerayudh Singpatanakul Deputy Governor (Engineering and Construction)

Mr. Ronnachit YaemsaardDeputy Governor (Operations)

Mr.Yongsit RojsrikulGovernor

Mr. Chaisit GururatanaDeputy Governor (Strategy and Planning)

1 2 3

4 5

31 2

4

3

5


43

Mr. Kanokkan SirichanaSpecialist 12

Mr. Boonanun SathayanurukSenior Architecture 12

Mr. Sujjapong SnunsiengAssistant Governor

Mr. Comtasana ChaipakdeeAssistant Governor

Mr. Prapon Chanakitjanukit Assistant Governor

Mr. Theeraphan TachasirinuguneAssistant Governor

1 2 3

4 5 6

4

3

5

21

6


44

Mr. Amnuay Akkadechanunt Director of General Audit Division

Mr. Yongyouth BoonsirivibulDirector of Account and Finance Audit Division

Mrs. Kamoltip Duang-somDirector of Public Relations Division

Miss Sirithida ThammakulDirector of Administrative Affairs Division

Mr. Chavalit SirisakvatanaDirector of Special Affairs Division

Mr. Jerasak ChinrungruangDirector of Audit Office

Mr. Dhanesh RuangrongDirector of Office of the Governor


31 42

5 6 7

32

6

3

3 43

7

4 5

21


45

Mr. Sitthiporn SongcharoenDirector of Risk Management and Internal Control Division

Mrs. Montira LaksanasirisakSenior General Administrative Officer 10, Acting Director Evaluation and Performance Management Division

Miss Budsakorn YusookDirector of Strategy and Planning Division

Mr. Rithika SuparatDirector of Strategy Department

Miss Kanta ChiwapakdeeSenior Administrative Officer 11, Acting Chief of Policy and Planning Section

Mrs. Chusilp NaraphinontaSenior Administrative Officer 11, ActingDirector of Safety Occupational Healthand Environment Office

1 2 3 4

5 6

5

32

6

1

4


46

Mrs. Nuansri Rukmanee Director of Finance Division

Miss Chutsuda AnontaphanSenior Finance Office 10, Acting Director of Budgeting and Loan Division

Mrs. Pouangyok BoonthanomDirector of Accounting and Finance Department

Mr. Tanom RattanasateDirector of Environment Division

Miss Jarunee RattanangkoonDirector of Accounting Division

Mr. Somprasong SuttayamullyDirector of Technical Division

Mr. Sarot T.SuwanDirector of Technical Department


3 4

5 6 7

21

321 32

5

7

4

6


47

Mr. Vijit SantipatanakijDirectorofM&ESystemSupervisory Division

Mr. Theeraphon AdisornDirector of Electrical and Mechanical Engineering Division

Mr. Wanat SucharitdhammadhornDirectorofM&ESystemEngineering Division

Mr. Suchin SasiprapakulDirector of Electrical and Mechanical Engineering Department

Mr. Kittikorn TanpaoCivil Engineering Division

Mr. Chansak SirisithDirector of Civil Engineering and Architecture Department

Mr. Thavit PungtonDirector of Architecture Division

1 2 3 4

75 6

5

2

7

1

4

2


48

Mr. Vithaya PunmongkolSenior Engineer 10, Acting Director of Construction Management Division 2

Mr. Pattanaphong PhongsupatsamitSenior Engineer 10, Acting Director of Construction Management Division 3

Miss Preeyanuch TantanasarnSenior Administrative Officer 11

Mr. Pakapong SirikantaramasDirector of Construction Management Department

Mr. Surachet LaophulsukSenior Engineer 10, Acting Director of Construction Management Division 1


1 2 3

4 5

1 23

4

3

5


49

Mr. Adulvet ChitprasertDirector of Land Acquisition Division 2

Mr. Supanutt PutrchootinuntnSenior Administrative Officer 11, Acting Chief of Surveying and Property Appraisal Secting 1

Mr. Chaiyot NanakhonSenior Administrative Officer 11, Acting Chief of Land Rights Investigation Section 1

Mr. Suchint SomboonsilpDirector of Land Acquisition Division 1

Mr. Panthep SrisavaiDirector of Land Acquisition Department

Mr. Taweesak SundosDirector of Land Acquisition Planning Division

1 2 3

4 65

4

1 2 3

65


50

Mr. Prasit KleangkerdDirector of System Operations Division

Mr. Tanin NiramarnsakulDirector of Maintenance Division

Mr. Jaytiya JantawongDirector of Land Acquisition Division 3

Mr. Tongchai MungkarakSenior Administrative Officer 11, Acting Chief of Surveying and property Appraisal Secting 2

Mr. Bordin Boorana-apirakkulDirector of Operations Department


2 3

5 6

Mr. Pongtep MusikasinthomSenior Administrative Officer 11

1

4

1

5

2 3

4


51

Pol.Col. Chokchai YimpongSenior Administrative Officer 11, Acting Director of Security, Fire and Rescue Training Institute

Pol.Capt. Sakchai ChovavisessutDirector of Rescue Division

Mrs. Nuansmorn KhamasundaraSenior Administrative Officer 11

Pol.Lt.Col. Anusilp SirivejchapanDirector of Security and Rescue Department

Mr. Raveewat RatanasenDirector of Security Division

2

5

1 3

4

31 2

4

3

5


52

Mr. Tanwa ArtaramasDirector of Concession Management Division

Mr. Tanarutana OunchaiyaDirector of Business and Property Management Division

Mrs. Natamon BunnakDirector of Business Planning and Development Division

Miss Auratai LaprattanakulDirector of Business and Property Management Department


3 4

21

3

1 2

4


53

Mr. Ratchaphol SuksodSenior Administrative Officer 11

Mrs. Pornthip CharoenrungratDirector of Human Resource Division

Mrs. Yuppadee ChaiyapakdeeDirector of General Administration Department

Mr. Suthad SikaresDirector of Human Resource and Work System Development Division

Mrs. Taveporn RoongruxadisaiDirector of Supply Division

Miss Daranee SontanaDirector of Office Building and Vehicles Division

1 2 3

4 5 6

4

3

5

21

6


54

Mr. Vichai SaksirinukulDirector of Litigation and Disciplinary Division

Mr. Sinart CoompanthuSenior Legal Officer 10, Acting Director of Contract Division

Mr.Pongsak WedchasitDirector of Juristic Act Division

Mr. Weerapong PuttanapunDirector of Legal Affairs Department


1

3

2

4

2

3 4

1


55

MANAGEMENT TEAM OF MRTA (As of 20 May 2013)

Name - Surname Position

Mr.Yongsit Rojsrikul Governor

Mr. Ronnachit Yaemsaard Deputy Governor (Operations)

Mr. Chaisit Gururatana Deputy Governor (Strategy and Planning)

Mrs. Kritaya Sumitanant Deputy Governor (Administration)

Mr. Peerayudh Singpatanakul Deputy Governor (Engineering and Construction)

Mr. Dhanasarn Suravudhikul Chief Financial officer (CFO)

Mr. Prapon Chanakitjanukit Assistant Governor

Mr. Theeraphan Tachasirinugune Assistant Governor

Mr. Sujjapong Snunsieng Assistant Governor

Mr. Rithika Suparat Assistant Governor

Mr. Suchin Sasiprapakul Assistant Governor

Mr. Weerapong Puttanapun Assistant Governor

Mrs. Kamoltip Duang-som Senior Administrative officer 11

Mr. Boonanun Sathayanuruk Senior Architecture 12


Mrs. Natamon Bunnak Director of Office of the Governor

Mr. Chanachai Chongsavange Senior Administrative Officer 10

Mrs. Montira Laksanasirisak Director of Administrative Affairs Division

Mrs. Jantana Trakarn Senior Chief of Correspondence and Documents Control Section

Miss Rujinon Promma Administrative Officer 8, Acting Chief of Correspondence and Secretary Section

Miss Jirata Wattanapradit Senior Administrative Officer 10 , Acting Director of Public Relations Division

Mrs. Kanokkarn Kesaraksha Senior Chief of Public Communication and Information Section

Mr. Vipach Dilokvilas Senior Chief of Public Complaint Section

Mr. Chavalit Sirisakvatana Director of Special Affairs Division

Mrs. Thitaree Sriawut Chief of Organization Affairs Section

Mr. Teerachai Thuanim Senior Chief of Social Affairs Section

Offifif ice of the Governor


56



Mrs. Pornthip Charoenrungrat Director of Audit Office

Mr. Amnuay Akkadechanunt Director of General Audit Division

Mr. Chakkrit Thongpaknam Chief of General Audit Section 1

Miss Sumittra Soonsiri Senior Chief of General Audit Section 2

Mr. Yongyouth Boonsirivibul Director of Account and Finance Audit Division

Miss Issaree Prakobsinnukul Chief of Revenue and Budget Management Audit Section

Mrs. Pornpan Sornmanee Senior Chief of Account and Finance Audit Section


Miss Budsakorn Yusook Director of Strategy Department

Miss Kanta Chiwapakdee Senior Administrative Officer 11, Acting Director of Strategy and Planning Division and Acting Chief of Policy and Planning Section

Mrs. Kunchulee Na Ranong Chief of Strategy Management Section

Mrs. Chattaya Chareanpanich Chief of Evaluation Section

Miss Panisara Kongkraphun Chief of Performance Management and Information Section

Mr. Sitthiporn Songcharoen Director of Risk Management and Internal Control Division

Mr. Thanawa Antachai Administrative Officer 7, Acting Chief of Risk Management Section

MissPreewana Uthai Administrative Officer 7, Acting Chief of Internal Control Section

Audit Offif ice

Strategy Department


57



Mr. Sarot T.Suwan Director of Technical Department

Mr. Somprasong Suttayamully Director of Technical Division

MissUnchalee Janpanichsub Chief of project Analysis Section

Mr.GardphajonUdomdhammabhakdi Senior Chief of Project Planning Section

Mr. Waranon Dilokkhunanan Chief of Research and M.R.T. Knowledge Management Section

Mr. Tanom Rattanasate Director of Environment Division

Mrs. Piyanad Jansaksri Chief of Environment Assessment Section

Miss Pornpimol Poompuang Chief of Environment Impact Monitoring Section


Mrs. Pouangyok Boonthanom Director of Accounting and Finance Department

Miss Jarunee Rattanangkoon Director of Accounting Division

Mrs. Nalinporn Chaisiricharoenpun Senior Chief of Accounting Section

Miss Wasathorn Klaikeow Chief of Pre - payment Checking Section 1

Mrs. Nuansri Rukmanee Director of Finance Division

Miss Jiranan Vorachak Senior Administrative Officer 11, Acting Chief of Financial Management Section

Miss Kittika Tantakasem Senior Chief of Tax Section

Miss Chutsuda Anontaphan Director of Budgeting and Loan Division

Miss Nuanpan Sugeethorn Senior Chief of Budgeting Section

Mrs. Ketkanok Coompanthd Senior Chief of Loan Section

Technical Department

Accounting and Finance Department


58



Mr. Chansak Sirisith Director of Civil Engineering and Architecture Department

Miss Ampai Jangbumrung Senior Administrative officer 10

MissSiriporn Usathit Senior Chief of Data and Documentation Section 1

Mr. Kittikorn Tanpao Civil Engineering Division

Mr. Kitti Akewanlop Senior Chief of Civil and Structural Engineering Section

Mr.Wachcurapon Khongsawad Chief of Station and Railway Structural Engineering Section

Mr. Thavit Pungton Director of Architecture Division

Mr. Saravut Eksuwan Chief of Architecture Section

Mr. Soralak Sotthiyothin Chief of Interior Architecture Section


Mr. Jerasak Chinrungruang Director of Electrical and Mechanical Engineering Department

Miss Jintana Phongsrithong Senior Chief of Data and Documentation Section 2

Mr. Wanat Sucharitdhammadhorn DirectorofM&ESystemEngineeringDivision

Mrs. Raveewan Phongsupatsamit SeniorChiefofM&ESystemEngineeringSection

Miss Patcharatwadee Sasisuwan Chief of Train Control System Section

Mr. Theeraphon Adisorn Director of Electrical and Mechanical Engineering Division

Mr. Thanakrit Phonghong Chief of Electrical Engineering Section

Mr. Yuthasak Chuenjai Chief of Mechanical Engineering Section

Mr. Vijit Santipatanakij DirectorofM&ESystemSupervisoryDivision

Mr. Ekachai Boonmaleetrakul ChiefofM&EProjectManagementSection

Mr. Sutthipong Apairatana ChiefofM&ESystemSupervisorySection

Civil Engineering and Architecture Department

Electrical and Mechanical Engineering Department


59



Mr. Chansak Sirisith Director of Civil Engineering and Architecture Department

Miss Ampai Jangbumrung Senior Administrative officer 10

MissSiriporn Usathit Senior Chief of Data and Documentation Section 1

Mr. Kittikorn Tanpao Civil Engineering Division

Mr. Kitti Akewanlop Senior Chief of Civil and Structural Engineering Section

Mr.Wachcurapon Khongsawad Chief of Station and Railway Structural Engineering Section

Mr. Thavit Pungton Director of Architecture Division

Mr. Saravut Eksuwan Chief of Architecture Section

Mr. Soralak Sotthiyothin Chief of Interior Architecture Section

Construction Management Department

Name - Surname PositionMr. Pakapong Sirikantaramas Director of Construction Management Department

Miss Preeyanuch Tontanasarn Senior Administrative Officer 11

Mr. Surachet Laophulsuk Director of Construction Management Division 1

Mr. Patiwet Hayrayoung Engineer 7, Acting Chief of Construction Management Section 1-2

Miss Kanogporn Worawutputipong Chief of Construction Planning and Data Section 1

Mr. Vithaya Punmongkol Director of Construction Management Division 2

Mr. Baramin Chareanpanich Chief of Construction Management Section 2-1

Mr. Nut Nakthoranin Chief of Construction management Section 2-2

Mrs.Uthumphorn Samutnak Senior Chief of Construction Planning and Data Section 2

Mr. Pattanaphong Phongsupatsamit Director of Construction Management Division 3

Mr. Kunakorn Panlure Engineer 7, Acting Chief of Construction Management Section 3-1

Mr.Khwan Sukhkong Engineer 7, Acting Chief of Construction Management Section 3-2

Miss Duangrat Ngoachintarak Chief of Construction Management Division 3

Name - Surname PositionMr. Panthep Srisavai Director of Land Acquisition Department

Mr. Pongtep Musikasinthorn Senior Administrative Officer 11

Mr. Taweesak Sundos Director of Land Acquisition Planning Division

Miss Jirasorn Piya-aromrat Senior Chief of Land Acquisition Planning and Data Section

Mrs. Jittima Bumrungmaung Senior Administrative Officer 11, Acting Chief of Evaluation and Report Section

Mr. Suchint Somboonsilp Director of Land Acquisition Division 1

Mr. Chaiyot Nanakhon Senior Administrative Officer 11, Acting Chief of Land Rights Investigation Section 1

Mr. Surasak Mungchomklang Senior Chief of Land Acquisition Section 1

Mr. Supanutt Putrchootinuntn Senior Administrative Officer 11, Acting Chief of Surveying and property Appraisal Secting 1

Mr. Adulvet Chitprasert Director of Land Acquisition Division 2

Mr. Noppadol Teangtae Senior Chief of Land Rights Investigation Section 2

Mr. Chartchai Sumranpis Chief of Land Acquisition Section 2

Mr. Tongchai Mungkarak Senior Administrative Officer 11, Acting Chief of Surveying and property Appraisal Secting 2

Mr. Jaytiya Jantawong Director of Land Acquisition Division 3

Mr.Nuttapong Songpracha Chief of Land Rights Investigation Section 3

Mr.Chittirat Wisuttisen Chief of Land Acquistion Section 3

Mr. Buntoon Songjaroen Senior Chief of Surveying and Property Appraisal Section 3

Land Acquisition Department


60



Mr. Bordin Boorana-apirakkul Director of Operations Department

Miss Sasilak Luksitanond Senior Administration Officer 11

Mr. Prasit Kleangkerd Director of System Operations Division

Mr. Nuttapat Ounhakongka Chief of M.R.T. System Operations Supervisory Section 1

Mr. Piyapong Panaray Chief of M.R.T. System Operations Supervisory Section 2

Mr. Kajorn Vorasilpachai Senior Chief of M.R.T. System Operations Standard and Technique Section

Mr. Tanin Niramarnsakul Director of Maintenance Division

Mr. Kwankaew Rujiratmanee Chief of M.R.T. System Maintenance Section

Mr. Satid Jianwittayakit Senior Chief of Building and Permanent Way Maintenance Section

Mr. Supapat Pipatanagul Senior Chief of Maintenance Standard and Technique Section


Pol.Lt.Col. Anusilp Sirivejchapan Director of Security and Rescue Department

Mrs. Nuansmorn Khamasundara Senior Administration Officer 11

Mr. Raveewat Ratanasen Director of Security Division

Mr. Kitti Setthasing Chief of Security Section 1

Pol.Capt.Sirawat Kaewdusit Senior Chief of Security Section 2

Mr. Siriyos Sudaj Na Ayudhaya Chief of Security Section 3

Mr. Konejanart Yanprasart Senior Chief of Security Section 4

Mrs. Kancana Chantarachote Senior Chief of Security Planning and Data Section

Pol.Capt. Kitti Honchaiya Senior Chief of Right of Way Maintenance Section

Pol.Sgt.Maj. Witan Sricomme Senior Chief of Rescue Section 1

Pol.Sgt.Maj. Nikun Promsiri Senior Chief of Rescue Section 2

Pol.Capt. Sanoath Choomchuen Senior Chief of Rescue Section 3

Act.Sub.Lt. Suppachai Sintuset Senior Chief Rescue Planning and Data Section

Pol.Col. Chokchai Yimpong Senior Administrative Officer 11, Acting Director of Security, Fire and Rescue Training Institute

Pol.Capt.Jaroenchai Sarapol Senior Chief of Security Technique Section

Pol.Sgt.Maj. Chaiya Pilawan Chief of Fire Fighting and Rescue Technique Section

Mrs. Russarin Chanwiwatwet Chief of Training Administration Section

Operations Department

Security and Rescue Department


61



Miss Auratai Laprattanakul Director of Business and property Management Department

Mrs. Thimaporn Wongshavy Senior Administrative Officer 10, Acting Director of Business Planning and Development Division

Mrs. Auraiwan Tachasirinugune Senior Chief of Business Planning Section

Miss Siriporn Kingtong Chief of Business Development Section

Mr. Tanarutana Ounchaiya Director of Business and Property Management Division

Miss Niramon Boontongkong Chief of Business Development Section

Mrs. Patchanee Asavahame Chief of Property Management Section

Mr. Tanwa Artaramas Director of Concession Management Division

Mr. Naprut Rojanapaitoon Senior Chief of Concession Management Section 1


Mrs. Yuppadee Chaiyapakdee Director of General Administration Department

Mr. Ratchaphol Suksod Senior Administrative Officer 11

Mr. Suthad Sikares Director of Human Resource Division

Mrs. Naruedee Thaiprayoon Chief of Human Resource Management Section

Mrs. Kantima Manonth Senior Chief of Welfare and Labour Relations Section

Miss Sirithida Thammakul Director of Human Resource and Work System Development Division

Miss Supanee Sornsue Senior Chief of Human Resource Development Section

Miss Jinnaree Meesakul Chief of Work System Development Section

Mrs. Taveporn Roongruxadisai Director of Supply Division

Miss Kavissara Yasiri Senior Chief of Procurement Section

Miss Pichitra Soontornpipit Senior Chief of Supply Section

Miss Daranee Sontana Director of Office Building and Vehicles Division

Mr. Pongsakorn Dokbua Administrative Officer 7, Acting Chief of Office Building Section

Mr. Krit Sawangrith Senior Chief of Vehicles Section

Business and Property Management Department

General Administration Department


62


Legal Affairs Department


Mr. Pongsak Wedchasit Director of Legal Affairs Department

Mr. Manop Jaidee Senior Chief of Juristic Act Section 2, Acting Director of Juristic Act Division

Mr. Mana Vivatpong Chief of Juristic Act Section 1

Mr. Sinart Coompanthu Director of Contract Division

Mr. Phakphum Khanjanasatit Chief of Contract Section 1

Miss Cheerawan Sarasalin Legal Officer 7, Acting Chief of Contract Section 2

Mr. Jittichai Sorsrisuean Chief of Contract Section 3

Mr. Vichai Saksirinukul Director of Litigation and Disciplinary Division

Mr. Pisit Noppakunpong Chief of Litigation Section

Mr. Pakkapo Thanarugh Legal Officer 7, Acting Chief of Disciplinary Section


Mr. Surapong Rattanaphuwalux Director of Information System Development Section and Acting Director of Information Technology Department

Miss Siriporn Thanachirdsirikul Chief of Information System Support Section

Mr. Sikarn Prathomboon Chief of Computer Network Section

Miss Benjawan Lertpichitkul Programmer 7, Acting Chief of Information System Development Section

Miss Sattharat Kangwol General Administrative officer 7, Acting Chief of Information Planning and Evaluation Section

Miss Wandee Olarphol Programmer 7, Acting Chief of Information Standard and Security Section

Mr. Apisan Yodsuwan Computer System manage officer 7, Acting Chief of Computer System Opertion Section


Mrs. Chusilp Naraphinonta Senior Administrative Officer 11, Acting Director of Safety Occupational Health and Environment Office

Mr. Burin Thanasomboon Senior Administrative officer 10

Information Technology Department

Safety Occupational Health and Environment Off ifice


63

MAN-POWER OF MRTA (As of 30 September 2013)

Position Executive under Engagement Agreement Staff Employee

General Staff (Lower than Bachelor’s Degree)General Staff (Bachelor’s Degree and Above)Section Chief and EquivalentDivision Director or EquivalentDepartment Director or EquivalentAssistant GovenorDeputy GovernorGovernorTotal

-------11

1851298491644-

701

4-------4

Personnel Qty. : Person

Number of Executives under Engagement AgreementNumber of Staff Number of EmployeeTotal

1701

4706

Gender Executive under Engagement Agreement Staff Employee

MaleFemaleTotal

1-1

428273701

224

Age Executive under Engagement Agreement Staff Employee

< 2525 - 3435 - 4445 - 54> 54Total

---1-1

392872756238

701

-22--4

Education Executive under Engagement Agreement Staff Employee

Lower than Bachelor’s DegreeBachelor’s DegreeMaster’s DegreePh.D.Total

--1-1

18496184

3701

31--4


64

Business Condition and Operation Plan

Mass Rapid Transit Authority of Thailand or “MRTA” was established on 21 August 1992. Initially, this state enterprise under

the Prime Minister’s Office was called “Metropolitan Rapid Transit Authority.” Subsequently in 2000, it was renamed “Mass Rapid

Transit Authority of Thailand” under the Mass Rapid Transit Authority of Thailand Act B.E. 2543 (2000). After the public reform in

2002, MRTA was transferred to be under the governance of the Ministry of Transport.

MRTA first provided mass rapid transport service by opening the M.R.T. Chaloem Ratchamongkhon Line (formerly known as

the Blue Line Project : Hua Lamphong - Bang Sue Section) in July 2004 with Bangkok Metro Public Company Limited (BMCL)

as the concessioner. In 2005, MRTA recorded 154,360 passengers/line and this increased to 207,166 passengers/line in 2012

(as of August), equivalent to an average of 4.49% increase per year. According to the satisfaction survey conducted in 2012,

98% of the passengers were satisfied with the service. MRTA has been generating more income other than fare revenue.

In 2012, (as of end of August), MRTA’s revenue from the business, service and asset utilization was Baht 98.49 million.

MRTA has prepared a corporate plan for the fiscal years 2012 - 2016 as guidelines for the operation of the organization for the

next five years, with the vision to become “a main organization which provides an effective and comprehensive mass rapid

transit service to improve the quality of life of the citizens.” MRTA aims to complete the Purple Line Project: Bang Yai- Bang Sue

Section, which is 23 kilometers long, and to open it for service by the fiscal year 2016. It hopes to increase MRTA passengers to

350,900 passengers/line/day by 2016. As for other incomes, MRTA aims to increase income from asset management, service,

and related business to Baht 128 million/year by the fiscal year 2016. Apart from the goals in mass rapid transit business

and income, MRTA has set other essential goals for a balanced and sustainable development of the organization, such as

service receiver satisfaction, various service consistent with the lifestyle and passengers’ travelling habits management

and transfer of the nation’s mass rapid transit knowledge, making the organization known and accepted by all sections,

implementing of good international management system, engaging knowledgeable and skillful personnel, and playing an

important role in improving the quality of life of the people.


65

Operating Results of Mass Rapid Transit Projects under MRTA’s Responsibility

Operation of the M.R.T. Chaloem Ratchamongkhon Line 1. Concession Operation of the M.R.T. Chaloem Ratchamongkhon Line On 1 August 2000, MRTA entered into an Agreement for the M.R.T. Chaloem Ratchamongkhon Line with the Bangkok

Metro Public Company Limited (BMCL) as an investor and operator of the MRT system for a period of 25 years. The operating

results can be summarized as follows:

1.1 System Operation

With respect to provision of service, the daily maximum number of trains is 19 trains on weekdays and 14 trains on

the weekend and holidays.

1.2 Availability of the M&E Equipment and Punctuality

MRTA has determined the performance obligation by key performance indicators (KPIs ) relating to the management

of concession agreement of the M.R.T. Chaloem Ratchamongkhon Line to be in accordance with the operation standard

proposed to the Ministry of Finance and Ministry of Transport. Therefore, the KPIs has become the targets for the supervision of

BMCL’s operation. In the fiscal year 2011, the average operating results of BMCL compared with the targets are as follows :

With regard to punctuality, the percentage of trains which arrived at the stations no more than two minutes earlier or later than the schedule is 99.87% compared with the target percentage of 99.80%

1.3 Number of Passengers and Revenue from Fare

In fiscal year 2012, (1 October 2011 - 30 September 2012) the number of the passengers who used the M.R.T.

Chaloem Ratchamongkhon Line were 76,425,879 in total, or on average 208,814 per day.

Availability of the M&E EquipmentAverage Percentage of Operating

results (Oct 11 - Sep 12) Target Percentage

MRT SystemTicket Vending MachinesAutomatic GatesElevatorsEscalatorsPlatform Screen DoorsSignalling SystemPower Supply System

99.9799.7199.86100.00100.00100.0099.95100.00

99.9299.9299.9299.9299.9299.9299.9299.92

Number of Passengers in Fiscal Year 2012

Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. 2011 2012

Persons / month


66

With regard to revenue from fares, Bangkok Metro Public Co., Ltd. (BMCL) received a total fare revenue of Baht 1,823,281,420

or an average of Baht 4,981,643 per day, part of which is apportioned to MRTA in the amount of 17,208,888 baht (excluding

VAT).




Average Number of Passengers in Fiscal Year 2012

Persons / Day

Fare Revenue Collected in Fiscal Year 2012

Baht/month

Average Daily Fare Revenue Collected in Fiscal Year 2012Baht/month


67

1.4 Commercial Development and Revenue

The Agreement of the M.R.T. Chaloem Ratchamongkhon Line between the Bangkok Metro Public Company Limited

(BMCL) and the Mass Rapid Transit Authority of Thailand (MRTA) granted BMCL an exclusive right to undertake commercial

activities and generated commercial development revenue. BMCL apportioned the revenue from commercial development

to MRTA. The details of BMCL commercial development activities in the fiscal year 2012 (as of 31 September 2012) are as follows:

(1)TRUEPublicphone:101publiccoinmachinesofTruePublicCommunicationsCo.,Ltd.(FormerlyknownasTrue

Corporation Public Co., Ltd. ) in 18 stations;

(2) ATM: 160 Automatic Teller Machines (ATMs) by 8 Banks in 18 stations;

(3) Discount coupon machines by Thai Happy Coupon in total of 9 machines within 8 stations;

(4)True Kiosk by True Money Co., Ltd. in total of 32 machines inside 18 stations;

(5) Retail shops by Bangkok Metro Networks Co., Ltd. (BMN) in 4 stations namely Sukhumvit Station, Phaholyothin Station,

Kamphaeng Phet Station and Chatuchak Park Station;

(6).Advertising&publicrelationsbyBangkokMetroNetwork(BMN)in18stationsandinsidethetrains;

(7) Advertisement on handgrips provided by Ambient Media Company Limited (Ambient) in 17 trains;

(8) Other commercial development activities : Photo Advertisements in all stations and trains, advertisements on tickets

and other spaces.

In the fiscal year 2012, MRTA received Baht 24,140,304.62 from BMCL as remuneration from commercial development,

consisting of (1) allocated commercial development revenue amounting to Baht 5,448,715.71; (2) revenue from annual

remuneration amounting to Baht 18,691,588.92.

Remark: In October - November 2011, there was a major flood.


Revenue from Fare Allocated to MRTA in Fiscal Year 2012 (Excluding VAT)Baht/month


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During the fiscal year 2012, MRTA generated Baht 97,546,461.23 revenue from sources other than from the Chaloem Ratchamongkhon Line’s concession as follows:

2.1 Revenue from MRTA’s Permit

MRTA received many requests for utilizing different plots of land and buildings along the M.R.T. Chaloem

Ratchamongkhon Line and the Huai Khwang Depot as entrance-exit, parking area, advertising space, temporary kiosk, event

space, connecting way to private real estate filming site, etc., generating a total revenue of Baht 20,862,229.77.

2.2 Revenue from using real estate along the M.R.T. Chaloem Ratchamongkhon Line

MRTAleasedoutspaceinthefollowingfivebuildings:1)9-StoreyPark&RideatLadPhraoStation:hallleasedtoanoptical

center; 2) 2-floor multi-purpose building at Lat Phrao Station for the Bangkok Convention and Seminar Center; 3) 1 - storey

multi-purpose building at Ratchadapisek Station leased to a physical therapeutic center specialized in joints, muscles and

nervoussystem;4)3-storeyPark&RideatThailandCulturalCenterStation:mezzanineleasedtoanursery;and5)aconnecting

building at Sukhumvit Station: leased to install ATMs and Exchange teller; lease of glass room for a Italian restaurant and

Dunkin’s Donut. All of these generated Baht 11,169,518.18 revenue.

2.3 Revenue from Parking Service

MRTAhasprovided10parking lotsalongtheM.R.T.ChaloemRatchamongkhonLineincludingtwoPark&Ride

buildings,namelythe9-storeyPark&RideatLatPhraoStationandthe3-storeyPark&RideatThailandCulturalCentreStation,

andPark&RideateightstationsnamelyRatchadapisekStation,HuaikhwangStation,ThailandCulturalCentreStation

(1stEntrance-ExitandRatchadapisekAreaSoi6),PetchaburiStation,SukhumvitStation,QueenSirikitNationalConvention

Centre Station and Samyan Station with the total capacity of 2,951 cars. The revenue from parking fee is Baht 49,239,143.71.

2.4 Revenue from lease of Kiosk space and Toilets at Kamphaeng Phet Station

MRTA has expropriated the land of the State Railway of Thailand at the Chatuchak Weekend Market in order to

construct the M.R.T. Chaloem Ratchamongkhon Line on which the MRTA has built kiosks for vendors affected by the

expropriation.Upto210kiosksandtwotoiletswerebuiltontheemptyplotsoflandaftercivilworkswerecompleted,thereby

generating Baht 16,275,569.57 lease revenue for MRTA during fiscal year 2012

2. Revenue from sources other than from the concession under the contract on the M.R.T. Chaloem Ratchamongkhon Line.

May

.

Unit: Baht

Parking space service

Use of MRTA Space

Lease of kiosks and toilets inKamphaeng Phet Station

Use of real estate along M.R.T.Chaloem Ratchamongkhon Line Project


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3. Security and Rescue MRTA has set up a team of security and rescue personnel to monitor and ensure safety for the M.R.T. system 24 hours a

day in 3 shifts, i.e. day shift, afternoon shift and night shift, as follows :

- Security guard team responsible for the following 5 main tasks :

(1)Securityteamsatthe18stationsand2Park&Ridebuildingstoguard,monitor,andensuresafetyatthestationsand

Park&Ride;

(2) Team of explosive detection personnel with sniffer dogs (K-9) to inspect and search explosive suspicious objects

within the area of M.R.T. system ;

(3) Explosive Ordnance Disposal (EOD) Security Team who identify suspicious objects within the area of M.R.T. system;

(4) Patrol Security Team who patrol the zone of M.R.T. system and prevent unauthorized access;

(5) Security Team at Phasutha Radio Center who coordinate and communicate on security and rescue matters including

emergency occurred in the M.R.T. system area.

- Provide 4 rescue teams: during normal circumstances, the rescue team will support the security team in monitoring,

inspecting and securing the area and in an emergency case, the security team will support the rescue team to stop the incident.

With respect to security and rescue operation, MRTA has analyzed the risk factors which may have impact on operation

goals such as : -

(1) risk concerning dangerous circumstance for provision of service such as terrorist acts, crimes/sabotage, which

is higher than the limit specified such as, protest, seizure or closure of stations, etc. In order to manage this risk, MRTA has

implemented safety measures in form of control activities to reduce the possibility of the risk by checking belongings of

passengers, using sniffer dogs (K-9) to inspect and search for explosives or suspicious objects within secluded area and high risk area,

and providing practical training on emergency response to reduce impact of incidents, etc.

(2) in the case of natural disaster, MRTA manages this risk with BMCL and relevant MRTA units such as Operation Department

and Business and Asset Management Department, by preparing an emergency response plan in case of flood and carries out

drills, and monitors the flood closely. In order to minimize the impact of incidents, MRTA focuses on drills in accordance with

annual training plans both of theory and practice. Also, MRTA with the concessionaire hold joint drills by inviting relevant third

parties such as police stations within the area, fire fighter units, medical aid units, etc, to join the drill.

MRTA Regulations for security and rescue teams to conduct in the normal situation and emergency situation are formulated

inaccordancewiththeQualityManagementSystemsISO9001-2008basedon5regulationsasfollows:

(1) Operation Regulation: Readiness before operation;

(2) Operation Regulation: Security guards’ operation in normal situation;

(3) Operation Regulation: Rescue teams’ operation in normal situation;

(4) Operation Regulation: Emergency Response;

(5) Operation Regulation: Survey on M.R.T. Passengers satisfaction on the security and rescue systems.

The number of security and rescue personnel assignment will be as considered appropriate to the circumstance and

information from the National Intelligence Agency and other intelligence organizations. Also, relevant tools and equipment are

prepared to be deployed around the clock.

The preparedness of MRTA equipment can be classified into 2 types as follows:

(1) Staff of each shift must inspect the security and rescue equipment such as torchlight, baton, shotguns, transceiver,

etc., to ensure that they are ready for use before starting each shift.

(2)Unitequipmentsuchascars,fireengines,X-RayMachineforscreeningsuspiciousobjects,etc,mustbecheckedfor

the next shift of security and rescue teams before shift switching.


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In the fiscal year 2012, adverse incidents occurred in the M.R.T. area were :

(1) Offences against properties under the Criminal Code: 12 cases

(2) Obscene action: 3 cases

(3) Offences against life or causing injury: 1 case

However, all incidents were successfully concluded by MRTA security staff.

The implementation of the Purple Line Project: Bang Yai - Bang Sue Section 1. Civil Works Construction The construction of the project as at September 2012 was 50.14% completed, compared with the planned 51.28%. The

progress of each construction contract is as follows:

Contract No. 1 : Eastern Elevated Structure (Bang Sue - Phra Nang klao Bridge)

MRTA signed Contract No.1 with CKTC Joint Venture as the civil works contractor on 26 August 2009 for the total cost of Baht

14,292 million. CKTC Joint Venture commenced the construction on 10 November 2009. The progress of operation was 58.21%,

(as at September 2012) in Line with the work programme. The main operations are piling work of stations and railway, portal frame,

installation of I-Girder of stations, structure work of ticket booth level and platform level, installation of track segments, and construction

of stairs and escalators.

Contract No.2 : Western Elevated Structure (Phra Nang klao Bridge - Bang Yai)

MRTA Signed Contract No.2 with Sino-Thai Engineering and Construction PCL as the civil works contractor on 20 January

2010 for the total cost of Baht 13,100 million. Sino - Thai Engineering and Construction PCL commenced the construction on 1

March 2010. The progress of work was 51.27%, or 2.62% behind schedule. The main structures under construction are one bridge

across the river, foundation and works, installation roof structures for 18 stations, stairs and escalators, assembly of metal structures

of rooms in the stations and bricks and mortar works molding of railway structure parts and their installations, portal frame, and

installation of parapets.

ContractNo.3:DepotandPark&RideBuilding

MRTA signed Contract No.3 with the PAR Joint Venture as the civil works contractor on 26 January 2010 for the total cost of

Baht 5,025 million. The PAR Joint Venture commenced the construction on 1 March 2010. The progress of works was 23.45%, or

0.51% behind schedule. The main strutures are concrete foundation and piling works of the maintenance center for each floor,

improvementofdesignofPark&RidebuildingatYaekNonthaburi1Station,pilingworksofPark&RidebuildingatSamYaek

Bang Yai Station.

Contract No.6 : Trackwork

MRTA held an auction for trackwork. There were two bidders, namely Italian-Thai Development PCL and Sino-Thai and ASA

Joint Ventures. As required by the Loan terms and conditions, MRTA sent the technical tender consideration result to JICA for

their consideration. Passed JICA’s technical requirements Italian-Thai Development PCL. MRTA therefore opened the price tender

envelope on 29 May 2012. Italian-Thai Development PCL quoted the price of Baht 4,142 million. MRTA Board of Directors

meeting on 19 July 2012 resolved to approve the tender result and approved to hire Italian-Thai Development PCL as the

contractor for trackwork under Contract No.6 with construction limit of Baht 3,585 million. The selection result was subsequently

proposed to the Cabinet.

2. Selection of the Private Sector to Invest in the M&E System and O&M Service Contract No. 4: Bang Yai - Tao Poon Section

MRTA selected a private organization to invest in the Purple Line Project: Bang Yai - Tao Poon Section. There were two

bidders namely Bangkok Metro PCL (BMCL) and Bangkok Mass Transit System PCL. (BTSC) BMCL audited price tender is Baht

93,762 million, with current value of Baht 36,823 million, and BTSC proposed audited tender of Baht 109,280 million, with

current value of Baht 42,714 million. The sub-committee on price negotiation proposed the negotiation results to the


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Committee on Selection of Investment by the Private Sector for consideration. The Selection Committee requested for more

information in order to compare and analyse each item price proposed by BBML consultants, Asia Development Bank (ADB)

and the bidder (BMCL). At the meeting on 11 July 2012, the Selection Committee negotiated with BMCL to reduce the price

to Baht 66,315 million (excluding financial expenses, interest rates, profit rates, and VAT) and that if BMCL is granted privileges

by the Investment Promotion Committee, it would reduce the price further by Baht 325 million, whose final price would be

Baht 65,990 million (excluding financial expenses, interest rates, profit rates, and VAT). In this regard, on 13 September 2012, the

Selection Committee negotiated with BMCL to bargain the price and adjusted the draft contract and rules. At the meeting

on 25 September 2012, the Selection Committee drafted the selection report with adjustments in accordance with previous

meetings prior to submission to the Cabinet. Contract 5: Tao Poon - Bang Sue

At the meeting on 16 November 2010, the Cabinet resolved to approve the selection of the private sector for investment

in Bang Yai - Tao Poon Section and ordered MRTA to conduct further studies on laws, advantages-disadvantages of train

operation models options to propose the result to the cabinet for consideration. The Ministry of Transport was ordered to take

into consideration the opinions of the Office of the National Economics and Social Development Board and Office of the Council

of State concerning operation of the Purple Line Project: Tao Poon - Bang Sue Section as well as observations of the Ministry

of Finance and the Bureau of the Budget. In this regard, MRTA has complied with the cabinet resolution by conducting

comparison study on the selection criteria of private organization for investment and submit it to the Ministry of Transport for

consideration prior to proposing it to the Cabinet, Subsequently, the Ministry of Transport ordered MRTA to include the opinions

of the Transport and Traffic Policy and Planning Office in the report. MRTA has sent such opinions to BBML consultants for

consideration and execution.

Contract 1

Contract 3

Contract 2


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The Implementation of the Purple Line Project: Tao Poon – Rat Burana Section MRTA issued an announcement on 19 March 2012 inviting interested consultants to obtain consultant procurement

document in order to review the feasibility study, project design, and prepare tender documents, and comply with Private

ParticipationinStateUndertakingActB.E.2535(1992)forthethirdtime.MRTAsetthedeadlinedateforsubmissionoftender

by 5 June 2012. There were two bidders, namely consulting group companies led by Asian Engineering Consultants and

consulting group companies led by Tesco Co., Ltd. The Consultant Engagement Committee evaluated the technical tender

of both bidders and found that Tesco had better technical tender. The Committee then opened the price tender envelope

of both groups and negotiated with Tesco whose the final price was Baht 137,612,272 (including VAT). At the meeting on 20

August 2012, MRTA Board of Directors resolved to approve MRTA to engage the consulting group led by Tesco Co., Ltd. as MRTA

consultant and executed an agreement on 27 September 2012.

The Implementation of the Blue Line Project: Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Sections 1. Land Acquisition MRTA has surveyed and estimated the preliminary price of immovable properties to be expropriated and made agreement

with the property owners for compensation for 927 plots of land out of 960, and 672 buildings out of 700, amounting to the

compensation of Baht 4,447.90 million. Out of these, 442 buildings have been demolished and debris have been removed

from the land along the project line. The progress as at September 2012 of the operation was 96.68%, or 3.14% behind schedule.

2. Civil Works Construction The progress as at September 2012 of the civil works construction of the project is 23.61%, which can be summarized as follows:

ContractNo.1:ConstructionofUndergroundStructure:HuaLamphong-SanamChaiSection

MRTA signed Contract No.1 on 17 February 2011 with the Italian-Thai Development PCL as the civil works contractor with

total cost of Baht 11,441 million, commencing construction on 4 April 2011 and the progress of works was 24.44%, compared

with 31.59% in the work programme or 7.15% behind schedule. The main structures are public utility relocation at Wat Mangkorn

Kamalawat and Wang Burapha Stations, ground improvement using cut and cover method, tunnel boring and molding of

tunnel parts.

ContractNo.2:ConstructionofUndergroundStructure:SanamChai-ThaPhraSection

MRTA signed the Contract No. 2 on 17 February 2011 with CH. Karnchang PCL as the civil works contractor with total

cost of Baht 10,688 million, commencing the construction on 4 April 2011, the progress as at September 2012 of works was

29.87%, compared with 29.91% in the work programme, or 0.04% behind schedule. The main operations are archaeological

excavation, removal of existing buildings and public utility in the construction site at Sanam Chai and Isaraphap Stations,

construction of diaphragm walls at Sanam Chai Station, and construction of field office in the cut and cover area.

Contract No.3: Construction of Elevated Structure: Tao Poon-Tha Pra Section

MRTAsignedContractNo.3on17Febuary2011withtheSH-UNJointVentureasthecivilworkscontractorwithtotalcostof

Baht 11,285 million, commencing the construction on 4 April 2011 and the progress as at September 2012 of works was 19.34%,

compared with 24.81% in the work programme, or 5.47% behind schedule. The main structures are public utility relocation on

CharanSanitwongRoad,constructionofnewkitchenforQuartermasterGeneralSchool,constructionofonebridgeacross

Chao Phraya River, piling and structure works at Bang Yikhan Station, construction of foundation at Bang Or and Charan

Sanitwong 13 Stations, piling works for railway in Bangpho for Sirinthon Station, Bang Plad Station, and Charan Sanitwong 13

Station, and molding and installation of segment.

Contract No.4 : Construction of Elevated Structure: Tha Pra-Lak Song Section

MRTA signed Contract No. 4 on 17 February 2011 with Sino - Thai Engineering and Construction PCL as the civil works contractor

with total cost of Baht 13,335 million, commencing construction on 4 April 2011 and the progress as at September 2012 of works

was 11.38%, compared with 20.57% in the work programme, or 9.19% behind schedule. The main structures are coordination for


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public utility relocation, construction of foundation for railway and stations, piling works for railway, piling bore works, for Park

&Ridebuilding1,andpilingtestworkforPark&Ridebuilding2andDepot.

Contract No. 5 : Trackwork

MRTA signed the contract no. 5 on 17 February 2011 with CH. Karnchang PCL as the civil work contractor with total

cost of Baht 4,999 million, commencing construction on 4 April 2011 and the progress of works was 50.41%, compared with

52.59% in the work programme or 1.98% behind schedule. The main structures are designing rail system and railway pattern,

designing Manufacture and Installation Reference Drawing (MIRD), and constructing warehouse for storing third rail and fastener.

3. Selection of Project Management Consultant and Construction Supervision Consultant In the meeting on 1 May 2012, the Cabinet passed a resolution approving the limit of consulting fee for management and supervision of mass rapid transit project, which consisted of management consulting service fee of Baht 265.399 million and supervision

consulting service fee of Baht 400.043 million. As at September 2012 the consultants ave being selected.

4. Selection of M&E investor and system operator The Cabinet resolution on 28 December 2010 approved in principal to let the private sector invest in the Blue Line Project

andappointed“CommitteeonSelectionofPrivateOrganizationtoInvestinM&EsystemandO&MservicetheBlueLineProject:

Hua Lamphong - Bang Khae and Bang Sue - Tha Phra Sections.” Relevant units have appointed representatives to join the

committee. As at September 2012 MRTA has presented the results comparing advantages - disadvantages of train operation

options to the Committee for consideration. However, BMTC consultant proposed to use the single-operator method by directly

negotiating with the existing service provider (BMCL). Since this may be similar to the method for the Green Line Extension,

Project, MRTA therefore coordinated with BTSC in order to consider technical details of the operation model of the Green Line

Project and included this information to the Selection Committee for negotiation with BMCL.

Contract 1

Contract 3

Contract 2

Contract 4


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Operation of the Green Line Project: Mo Chit – Sa Pan Mai Section 1.Proceed to Study the Private Participation in State Undertaking Act for the Green Line Project : Mo Chit – Sa Pan Mai Section and Bearing – Samut Prakarn Section MRTA executed an agreement with Tesco MAA consulting group on 13 November 2009 to engage Tesco for consultation

inpreparingtheanalysisreportundertheActonthePrivateParticipationinStateUndertakingB.E.2535(1992).Theconsultant

prepared the analysis report for the project and compare investment and operation models between PPP Gross Cost and PPP

Modified Gross Cost. The consultant also included in the report the opinions of the MRTA Board of Directors and the Transport

and Traffic Policy and Planning Commission Office. On 25 November 2011, MRTA held a meeting with the Ministry of Transport,

Transport and Traffic Policy and Planning Commission Office, and consultants and revised the report once again. The meeting

alsosupportedproposaltoincreaseconsultingfeesformanagementandsupervisionofM&Esystemtogetherwiththerevised

report per the cabinet meeting on 27 November 2008 which approved MRTA toengage consultants for only the management

andsupervisionofcivilworks,whichexcludedconsultantforM&Esystem.

The MRTA Board of Directors meeting on 17 May 2012 passed a resolution approving the revised report under the Act on the

PrivateParticipationinStateUndertakingB.E.2535(1992)fortheGreenLineProject:MoChit-SaPanMai-KhuKhotSection

and Bearing - Samut Prakarn - Bang Pu Section, it also approved the limit for consulting fees on the operation and supervision of

M&EsystemfortheGreenLineProject:MoChit-SaPanMai-KhuKhotSectionintheamountofBaht558millionandforBearing

- Samut Pakarn Section in the amount of Baht 287 million. The Board of Directors also requested MRTA to propose the limit for

consultingengagementfeesformanagementandsupervisionofM&Esystemandreporttheanalysisresultsoftheprojectto

the Ministry of Transport as a part of the proposal for submission to the Office of the National Economics and Social Development

Board(NESDB)asspecifiedundersection8oftheActonthePrivateParticipationinStateUndertakingB.E.2535(1992). MRTA issued a letter dated 23 June 2012 proposing project analysis report and consulting fee limits to Ministry of Transport for furthersubmission to NESDB. On 10 September 2012, The Ministry of Transport held a meeting to discuss matters concerning the Green Line Project to ensure its consistency with present conditions. The meeting passed a resolution that MRTA review the investment and train operation models.Tesco MAA (the consultant) issued a letter dated 24 September 2012 proposing the result of review of investment and operation models which concluded that The PSC Modified Gross Cost would be the sustable option. PSC is defined as the investment principle that the government invest in whole and engage the private sector in train operation and mainteinance with bonus for allocation of revenue in addition to what is already agreed upon is suitable option. At present, as at the date, additional information was being gathered to be proposed to MRTA Board’s approval and submission to The Ministry of Transport.

2. Land Acquisition

The Implementation of the Green Line Project: Bearing - Samut Prakarn Section 1. Land Acquisition MRTA has surveyed and estimated the preliminary price of immovable properties to be expropriated and made agreement

with the property owners for compensation for 84 plots of land out of 102, and 33 buildings out of 37, amounting to the

compensation of Baht 1,008.66 million. Out of these, 34 buildings have been demolished and debris have been removed from

the land along the project line. The progress of the operation is 93.45%, which is 6.55% behind schedule.

Awaiting Royal Decree Prescribing Land to be Expropriated.


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2. Civil Work Construction The progress of each construction contract as of September 2012 is as follows:

Contract No. 1 : Elevated Structure

MRTA signed Contract No.1 with CH. Karnchang PCL as the civil works contractor on 23 December 2011 for the total cost of

Baht 14,088,600,000.00. commencing the construction on 1 March 2012. The progress of operation was 1.73%, compared with

1.813% in the work programme, or 0.08% behind schedule. The main works were field office, delivery of office equipment and

survey equipment, monitoring the environment, pile load test, and piling works around Erawan Station, area adjustments and

piling works around the Depot, coordination with relevant agencies and relocation of public utility,

installation of warning signs and signs suggesting routes to avoid construction.

Contract No.2: Trackwork

MRTA held an auction from 29 June to 31 July 2012. The tender documents were purchased by nine prospective bidders.

The interested bidders were required to submit their tender by 1 October 2012.

3. Selection of Project Consultant MRTA executed an engagement agreement with GBSC consulting group as project consultant on 28 February 2012 for the total cost of Baht 603,605,190.00 and operation is scheduled to commence on 1 March 2012, totaling 55 months of operation under the agreement.

Operation of the Pink Line Project: Khae Rai – Min Buri Section Review of Feasibility Study, Project Design Adjustment, and Preparation of Tender Document MRTA executed an agreement to engage consulting group companies led by Team Consulting Engineering and Management Co., Ltd. as the consultant for the review of feasibility study, project design adjustment, and preparation of tender document for the Pink Line Project: Khae Rai - Min Buri Section for the cost of Baht 34.2 million on 12 January 2012. Service is scheduled to begin on 1 February 2012.Thestudyisdividedintotwophases:Phase1studyandreviewoffeasibilitystudyoftheproject(comparingchoicesofM&Esystem)for the period of three months; and Phase 2 improve project design and preparation of tender documents for a period of three months. The consultant submitted report on review of feasibility study of the project to compare heavy rail and mono rail systems to MRTA on 30 April 2012. It was concluded that the Pink Line Project: Khae Rai - Minburi Section will use straddle monorail system, with investment limit at the start of the project of Baht 54,000 million with the economic internal rate of return (EIRR) of approximately 18.5%. In the meeting on 17 May 2012, the MRTA Board of Directors passed a resolution to acknowledge the results of the review of feasibility study,project design adjustment and preparation of tender documents for the Pink Line Project: Khae Rai - Min Buri Section (Phase 1: the study and reviewofprojectfeasibilitystudy(comparingchoicesofM&Esystem)requiringMRTAtopresenttheresulttotheMinistryofTransportfor acknowledgement, and expedite project implementation in accordance wilh the result. The MRTA Board of Directors also passed a resolution that MRTA take into consideration opinions of MRTA Board of Directors and coordinate with the Transport and Traffic Policy and Planning Office regarding maintenance system and rail system management as a whole by all relevant units to achieve the highest efficiency. MRTA proposed the result to the Ministry of Transport on 30 May 2012. At present, MRTA has allowed the consultant to start Phase 2 work (preparation of tender documents for the selection of contractor and/or preparation of tender documents for selection of service provider for train operation and maintenance and selection of contractors and/or private organizations to participate in the project) from 2 July 2012. A seminar was held to gather opinions on 25 September 2012. The consultant has submitted all reports and documents which at present are under review by MRTA.


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Operation of the Orange Line Project: Taling Chan – Min Buri Section Review of Feasibility Study, Project Design Adjustment, and Preparation of Tender Document and Analysis under the Act on Private Participation in State Undertaking B.E. 2535 (1992). MRTA Board of Directors passed a resolution in the meeting on 20 December 2011 allowing a MRTA to engage a consulting group companies led by MAA Consultant Co., Ltd. as the consultant to review the Feasibility Study, project design adjustment and preparation of tender documents and operation under the Act on Private Participation in State Undertaking B.E. 2535 (1992) for the Orange Line Project, whose fee is limited at Baht 208,900,380. MRTA executed the agreement on 15 March 2012 and the consultant commenced work on 2 April 2012, which is expected to be complete in January 2013.

Operation of the Yellow Line Project: Lat Phrao – Samrong Section Engagement of Consultant for Review of Feasibility Study, Project Design Adjustment, and Preparation of Tender Documents

On 19 March 2012, MRTA issued an announcement inviting consultants to obtain consultant procurement documents (3rd time)

and specified that proposals were to be submitted by 5 June 2012. There were two bidders, namely consulting group companies

led by Asian Engineering Consultants Co. Ltd. and consulting group companies led by Team Consulting Engineering and

Management. The Consultant Engagement Committee evaluated the technical tender of both bidders and found that

Asian Engineering Consultants had better technical tender. The Committee then opened the price tender envelope of both

groups and negotiated with Asian Engineering Consultants and concluded the final price of Baht 162,208,790 (including VAT).

Subsequently at the meeting on 30 August 2012, MRTA Board of Directors resolved to approve MRTA to engage the consulting

group led by Asian Engineering Consultants Co. Ltd. as MRTA consultant for the Yellow Line Project as proposed by MRTA.

However, since the rules of creation of encumbrances across fiscal years stipulate that the Bureau of the Budget considers

the price of engagement prior to execution of contract, MRTA issued a letter dated 5 September 2012 requesting the Bureau

of the Budget to consider the fees for the consultant. The Bureau of the Budget issued a letter date 28 September 2012

suggesting that the price for engagement of consultant be decreased to Baht 146,959,600 (including VAT).


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78

Summary of MRTA Performance for the Fiscal Year 2012

General Administration

1. Human Resources Management

1.Basic information.

As of 30 September 2012, total number of staff members at MRTA was 706.

2.Key Performance

MRTA determined the organization strengthening strategy as follows:

1. Employee Motivation by changing and increasing starting salary and salary structure, improvement of working

environment, development of process and method for human resources management such as technology assisted procurement,

direct reimbursement at some hospitals, research on guideline to happiness creation within the organization, research and

determination of guideline for employee engagement, and report the results to the management for decision.

2. Employee Engagement Management by improving existing benefits and adding new benefits consistently, considering

increasing other benefits apart from salary such as preparing MRTA Regulation on Aid for Disaster Victims, to promoting

motivation and incentives for employees to stay with the organization.

3. Promotion of organization culture by undertaking culture promotion project under the supervision of a working

committee consisting of MRTA high level executives, in order to change behavior, including promoting of desired behaviors,

transfer of knowledge to staff members and employee of the year award program, etc.

4. Ethics and Rules : MRTA has improved the rules to be up-to-date, clear, concise and appropriate, in order to create

understanding and fairness, and encourage employees to acknowledge the rules and regulations so that they can implement

them smoothly.

3.Management Expenses per Number of MRTA staff members

As a result of expense saving in the fiscal year 2012, MRTA operating expense was lower than the limit specified by

TRIS. who suggested that MRTA expense per staff of MRTA should not exceed Baht 0.724 million per year. MRTA was able to limit

such expense to Baht 0.653 million per person per year.

4.Outstanding Performance

- Award and recognition according to the state enterprise appraisal by the Ministry of Finance in 2012, MRTA was

awarded an Outstanding State Enterprise for “Outstanding Organization Development in Human Resource Management,” the

first of its kind ever given. The award was granted by Mr. Kittirat Na Ranong, Deputy Prime Minister and Minister of Finance in

the Outstanding State Enterprise Ceremony 2012 “Thai State Enterprise: Toward the New Frontier.”


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- Improvement/development of work process in human resources

1) Employee survey on the employee satisfaction in internal management through information system;

2) Provision of online application for prospective MRTA employee for the year 2012.

2. Human Resources and Work System Development

1. Human Resources Development Plan 2012 was prepared, taking into account the importance of participation in human

resources management by all units, using competency as a guideline in designing courses, or competency based training

under clear Competency Development Guide (CDG). Also, training needs assessment was carried out in Line with the

government’s policy, organization development, and executive policy. MRTA carried out five projects as follows:

1) Core Competency

2) Managerial Competency

3) Functional Competency/ Technical Competency

4) Orientation

5) Organization Development, MRTA achieved the goal of the human resources development in terms of operation

plan, which specifies that 90% of all personnel must pass the training and anti-correction plan for the government sector, consistent

with State Enterprise Assessment (TRIS) result in human resources management 2012 and MRTA Corporate Plan 2012-2016. In

2012, 97% of staffs passed the trainings under human resources development plan under the operation plan 2012.

2. Individual Development Plan (IDP) carried out by the senior level staffs to develop their subordinates in the form of

Non - Classroom Training. The Corporate Plan for the fiscal year 2012-2016, defines the achievement indicators and targets

using the ratio of competent human resources in the organization at 80 percent. By evaluating the Core Competency in the

year 2012, the percentage of competent staff according to the corporate standard was 94.13% which met the goal specified

under the Corporate Plan for the fiscal year 2012.

3.Human Resources Work System Development

1. Talent Plan: MRTA conducted preliminary studies in order to define criteria for selection, recruitment guidelines, and

design training and talent development plan to be used as a guideline for future human resources development plan.

2. Individual Development Plan (IDP): MRTA provided knowledge in preparing an Individual Development Plan (IDP) to

heads of divisions, consisting of six steps, as follows:

(1) set desirable ability standards;

(2) assess the ability of the employees;

(3) determine personnel development tools;

(4) develop an individual plan;

(5) explain development plans to our staff; and

(6) monitor and evaluate employee development, so that executives have greater understanding and skills in preparing

effective Individual Development Plans for their subordinates.


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3. Management of Premises and Vehicles

1.Landscaping: MRTA carried out improvement of landscape around the buildings, including ponds, health garden, and

Suan Lak Song Garden in front of the office building which is home for trees from different areas along the Blue Line extension

Project under the Green Construction Project.

2.Vehicle Management: MRTA provides a total of 78 cars for MRTA executives and staff for field operation along the project

lines as assigned, and provide transportation service for staff in the morning and the evening. This is done with consideration to

saving fuel expense, toll way fare, and overtime pay for MRTA drivers, resulting in a decrease of 38.64% expense. This is in line

with MRTA policy in cost saving.

Determination of MRTA Policy, Strategies and Operation Plan

1. Corporate Plan

MRTA has revised and improved the Corporate Plan for the fiscal year 2012-2016 to be up-to-date and prepared an

Operation Plan for the fiscal year 2013, and communicated the plan through the intranet, internet, posters, and lectures to cre-

ate awareness among staff members.

2. Strategy Management

MRTA executed the Memorandum of Agreement on Performance of State Enterprise for the year 2012, consisting of

variouskindsofperformanceindicatorsoftheorganizationandintegrationoftargetsandgoalsaccordingtotheMOU,

Corporate Plan and Operation Plan, as performance indicators of the Governor, Deputy Governor, Assistant Governor,

Department Director and level-12 executives without a managerial position. Furthermore, MRTA provides knowledge on State

Enterprise Performance Appraisal (SEPA), which is the new performance evaluation of state enterprise, such as knowledge

Organization Profile Report (OPR) and preparation of Self Assessment Report (SAR), to executives (Deputy Governor, Assistant

Governor, Department Director and Division Director) and SEPA working team (representatives from each department) to

prepare them for official implementation of SEPA in 2014. MRTA also attempts to give incentive to employees and staff in the form

of bonus. This matter will be proposed to the cabinet for approval, after which MRTA will pay bonus to the employees and staff in

accordancewiththeirperformanceundertheMOUunderbonuscriteriaforsupportingofnon-profitorganization.

3. Risk Management

Risk management in the fiscal year 2012 was based on operation objectives and goals according to the Corporate

Plan for the fiscal year 2012-2016, Action Plan and Memorandum of Agreement on Performance of State Enterprise, and

other additional goals in accordance with the opinion of the risk management working committee and risk management

subcommittee. In the fiscal year 2012, 18 risk analysis goals were set, with 42 level of corporate risks.

In this fiscal year MRTA analyzed, assessed and reviewed risks by determining Risk Appetite and Risk Tolerance both by

corporate goal and by risk factors and prepared a Risk Map, which presents the relations between risk factors, as well as

Risk Profile which indicates the level of risk in each particular period in order to accommodate integration of risk across the

organization and help manage risks more effectively. Moreover, a Portfolio View of Risk was prepared for financial goals, or

goals of revenue from the business, service and asset utilization, and for non-financial goals, which are the goals concerning

the Purple Line Project, the Blue Line Project, and the Green Line Project. Additionally, MRTA appointed a working committee to

prepare MRTA Business Continuity Plan in order to prepare and revise the plan to be consistent with the changing environment.

Additionally, MRTA determined a policy concerning integration of corporate governance, risk management, and compliance

(GRC), determination of risk from opportunity, and prepared an action plan to accommodate flood emergency which may

affect provision of service of M.R.T. Chaloem Ratchamongkhon Line.

MRTA achieved all 18 goals of operation goals. 6 risks was terminated and 36 risks reduced to an acceptable level,

representing 100% success. This concretely created added value to the organization in both financially and non-financially. The

revenue from business, service and asset utilization was higher than the goal and the fiscal year 2011 by approximately 15.81%.


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MRTA was also able to manage the risk of exchange rate concerning the Purple Line Project at no cost and benefits from it in

the amount of Baht 31.51 million. MRTA managed to increase number of passenger by 11.78%, which is higher than the target

set and the highest ever. Furthermore, MRTA was able to manage risk from the flood by continuing to provide service of the

M.R.T. Chaloem Ratchamongkhon Line consistently without termination of service.

4. Performance Evaluation

ToevaluateperformanceoforganizationundertheMOUonperformanceofstateenterprisesofthefiscalyear2011,the

government designated the progress in operating MRT projects, use of resources and cooperation between the public sector,

the private sector and state enterprise, and development into a knowledge organization and center for knowledge transfer

on mass rapid service technology as the key indicators for operation under the policy. On the other hand, operating results

concerning provision of service of M.R.T. Chaloem Ratchamongkhon Line were designated as key indicators under performance

of state enterprise, while corporate management, consisting of roles of the Board of Directors, risk management, internal

control, internal inspection, information management, and human resource management were designated as general

indicators similar to other state enterprises. In the fiscal year 2011, MRTA received a total of 3.8369 point, with 3.5271 for

operation under the policy, 4,4740 for performance, and 3,6072 for corporate management. In fiscal year 2012, MRTA received

an Outstanding State Enterprise Award for “Outstanding Organization Development in Human Resource Management.”

5. Significant Corporate Statistics and Data

MRTA has developed and improved information systems for executives. The information has been improved and kept up

to date so that the system can be used for planning, determining operational guidelines, supporting decision making and

improving the management efficiency. MRTA has also collected, studied and analyzed data, and prepared reports on

important statistics and data concerning operation of the organization in various aspects such as number of passengers, train

service,Park&Ride,income/expense,generalinformationoforganization,andpassengernumberanalysisreport,etc.

6. Quality Management System

MRTAhasbeencertifiedwiththeQualitySystemISO0001:2000fromtheManagementSystemCertificationInstitute(MASCI)

forits4functions:1)security;2)rescuework;3)Park&Rideservice;and4)supervisionofM.R.TChaloemRatchamongkhon

Line since 27 January 2006. MRTA has also been granted TISI 9001-2552 (ISO9001:2008) for those functions since 27 January

2012, effective until 26 January 2015. MRTA has complied with quality manuals and procedures concerning quality

management and reviewed its performance to ensure compliance with ISO 9001:2008 requirements and double checked by

external inspector (MASCI) who found no errors. MRTA has improved its operation in accordance with MASCI observations and

suggestions of passengers continuously, such as by developing real-time vacant parking space system accessible on the website

and mobile phones, repair of vacant space sign for parking buildings and parking lots, such as Lad Phrao parking building

andQueenSirikitNationalConventionCentreStationparkinglot,andinstallationofadditionalsignswithinthestationsto

facilitate passengers. Moreover, MRTA held a training on basic knowledge of ISO 9001: 2008 to provide knowledge and prepare

for implementing quality management system in other functions under the plan.

In the fiscal year 2012, MRTA engaged ABAC Social Innovation in Management and Business Analysis (SIMBA) Research

Center to conduct a survey of passenger satisfaction on M.R.T. Chaloem Ratchamongkhon Line. It was found that 94.57% of

the passengers were satisfied with provision of service, and 95.09% were satisfied with security and rescue service. MRTA also

engagedSuanDusitPoll,SuanDusitRajabhatUniversitytoconductsurveyonsatisfactoryonPark&Rideservice.Itwasfound

that the result was 96.06% .


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7. Internal Control

MRTA is aware of the importance of internal control service in accordance with the Regulation of the Auditor-General

Board Internal Control Standards B.E. 2544 (2001). In this regard, MRTA has formed an Internal Control Committee chaired by

Deputy Governor (Strategy and Planning), to regulate, monitor and evaluate MRTA internal control.

In the fiscal year 2012, MRTA evaluated internal control system in different units consistently by instructing all units to evaluate

and review the appropriateness and adequacy of its own internal control during the year, and monitored the progress of

internal control according to the revised plan and prepared an internal control report. MRTA also monitored and governed

the performance of the organization to be in accordance with the law, rules, and policy concerning the works responsible

and provided training courses on internal control to employees involved with internal control. MRTA internal control system was

improved to be more efficient in accordance with the observation of the State Enterprise Performance Appraisal Committee

in internal control. Its progress was regularly reported to MRTA Board of Directors through the Audit Committee. Discussions

were held between the Internal Control Committee, the Audit office and representative of the Office of the Auditor General

of Thailand to discuss and accept suggestions concerning internal control to make sure that MRTA internal control was

sufficient, efficient and effective so that the operation met its objectives and goals and could limit damage or mistakes which

may arise.

Environmental Management

1. Controlling process for environmental analysis reporting consultant of M.R.T. projects under MRTA.

MRTA assigned the consultant to develop Environment Impact Assessment (EIA) report to be in line with relevant laws. EIA

report specifies measures for prevention and reduction of environmental impact both during construction period and operation

period in order to minimize the environmental impact. During the fiscal year 2012, MRTA controlled and supervised the

operations of the consultants as follows:

The Green Line Project: Bearing - Samut Prakarn Section

MRTA assigned the consultant to prepare a report for modifying details of the project for Bearing - Samut Prakarn

Section. The Committee on Consideration of EIA Report for projects of the government sector, state enterprises and public

private joint ventures projects approved the report in the meeting on 24 May 2012.

The Green Line Project: Mo Chit - Sa Pan Mai Section

MRTA assigned consultant to prepare a report for modifying details of the project for Phra Si Mahathat Temple area. The

Committee on Consideration of EIA Report approved the report in the meeting on 17 August 2012.


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2. Projects Carried Out under Clean Development Mechanism

MRTA has policy to participate in the Clean Development Mechanism (CDM), a project to reduce greenhouse gases

under the Kyoto Protocol, if MRTA has been certified carbon credits from the CDM Executive Board (CDM EB), it will be able to

sellcarboncredits,whichwillbeusedtopromoteandsupportpublictransportationsuchasfeeder,Park&Ridetoincrease

the number of passengers by using M.R.T. instead of using private car. In the fiscal year 2012, MRTA carried out the following

projects:

The Green Line Project: Bearing - Samut Prakarn Section

1) MRTAissuedletterNo.MRTA004/297dated13February2012,toinformthesecretaryofUNFCCCofitsdesireto

develop the Green Line Project: Bearing - Samut Prakarn Section as a project under clean development mechanism.

2) MRTA issued letter No. MRTA 004/333 dated 17 February 2012, to inform Thailand Greenhouse Gas Management

Organization (Public Organization) (TGO) of its desire to develop the Green Line Project: Bearing - Samut Prakarn Section

as a project under clean development mechanism. Subsequently, TGO issued letter No. TGO02/184 dated 28 February 2012

informing MRTA that it has received MRTA application and allows MRTA to take the next step in proceeding with the project.

3. Environmental Effect Follow Up Process for M.R.T. Projects under MRTA Responsibility

MRTA has a policy to monitor the performance of the concessionaire / contractor compliance with the measures to prevent

and reduce environmental impact assessment as specified in analysis report of the environmental impact project. MRTA

appointed Working Committee and Committee for Controlling, Governing and Overseeing Compliance with Measures for

Preventing and Reducing Environmental Impact as follows:

1. Performance of Working Committee for Controlling, Governing, and Overseeing Compliance with Measures for

Preventing and Reducing Environmental Impact of M.R.T. Chaloem Ratchamonkhon Line

MRTA issued an order no.377/2552 (2009) dated 8 December 2009 to appoint the Working Committee for Controlling,

Governing and Overseeing Compliance with Measures for Preventing and Reducing Environmental Impact for M.R.T Chaloem

Ratchamonkhon Line. In the fiscal year 2012, there were two meetings which consider performance of preventing and reducing

environmental effect and monitoring the environmental impacts of MRTA and Bangkok Metro Public Company Limited (BMCL)

as follows:

No 1/2012 dated 14 March 2012

(1) Working Committee acknowledged the complaints concerning the project received during August 2011 - January

2012 and assigned MRTA to consider the guidelines in installing equipment to chase away birds from Lad Phrao Station Park

&Ridetopreventeffectoncustomers;

(2) Working Committee considered issues concerning the control, governance and overseeing of operation under

measures to prevent and reduce environmental impact of the project between July - December 2011 and assigned MRTA to

coordinate with Bangkok Metro PLC (BMCL) to prepare and submit AIA Monitoring Awards 2011 Project and add information

on environmental impact assessment results from the start of operation of the project until the operation as of the date of the

meeting for future reference;

(3) Working Committee visited the depot of the project including the generator, train washing plant, chemical

storage, and wastewater management system and inquired staff of BMCL about operations. They were informed that BMCL

staff strictly complies with BMCL regulations to prevent danger from operation of relevant personnel.

No 2/2012 dated 12 September 2012

(1) Working Committee received complaints concerning M.R.T. Chaloem Ratchamongkhon Line between February - August 2012;

(2) Working Committee considered issues concerning the control, governance and overseeing of operation under mea-

sures to prevent and reduce environmental impact of M.R.T. Chaloem Ratchamongkhon Line project between January - June

2012, and resolved that BMCL consider relocating the noise meter at Thailand Cultural Center to avoid the noise impact caused

by subsidence of Wattanatham Road.


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2. Overall operation of Workling Committee for Environmental Impact Prevention and Reduction for the Purple Line Project:

Bang Yai - Bang Sue Section

MRTA had an order no.402/2552 (2009) dated 21 December 2009 to appoint the Working Committee for Controlling,

Governing and Overseeing Compliance with Measures for Preventing and Reducing Environmental Impact of the Purple Line

Project : Bang Yai - Bang Sue Section. In the fiscal year 2012, there were 3 meetings to consider the performance of preventing

and reducing environmental effect and monitoring the environmental impacts of MRTA and project contractors. The meetings

can be summarized as follows:

No. 5/2011 dated 26 December 2011

(1) Working Committee acknowledged the complaints concerning the project received during August - November

2011 and assigned relevant parties to take actions as follows:

- PCPL consultants to gather complaints concerning the project submitted through telephone number 0-2965-6000

between August - November 2011 and present them to the working committee at the following meeting;

- In order to prove damage of buildings caused by construction of the project, contractors must take photos of

buildings which they expect to be affected prior to construction in order to compare with the case of complaint to prove

whether the damage is caused by the construction of the project. Moreover, representatives from professional association

should be invited to join the inspect as a third party in considering and giving initial opinion to find the conclusion;

(2) Working Committee acknowledged the results of environmental quality assessment during the construction

period in August - November 2011 and assigned relevant parties to take actions as follows:

- PCPL to present the statistics of accidents to the Working Committee on monitoring of progress and impact of

construction of the Purple Line Project: Bang Sue - Phra Nang Khlao Junction Section (Working Committee 1) consisting of CKTC

Joint Venture representatives, and the Working Committee on monitoring of progress and impact of construction of the Purple

Line Project: Phra Nang Khlao Junction - Bang Yai Section and Sai Ma Overpass Project (Working Committee 2) consisting of

SINO - Thai representatives, so that the two committees, appointed by the Director of Nonthaburi Land Traffic Management

Bureau, acknowledges and consider the next step of operation;

- CKTC Joint Venture to consider installing warning signs for persons who park their vehicle under the rail structure;

(3) Working Committee considered and acknowledged the results of monitoring of performance of contractor between

September - December 2011 ;

(4) MRTA granted a certificate to contractors for outstanding environmental perfomance between July - December 2011 as follows:

1) Outstanding Awards:

- Contract No.1: 3 sites namely Bang Son Station, Sri Phonsawan Station, and Nonthaburi Junction 1 Station;

- Contract No. 2: 3 sites namely Saphan Phra Nangkhlao Station, Bang Rak Yai Station, and Khlong Bangphai Station;

-ContractNo.3:1sitenamelyThaItPark&Ride.

2) Consolation Prizes:

- Contract No. 1: 4 sites, namely Tiwanon Junction Station, railway between Ministry of Public Health Station and

Wongsawang Station, Ministry of Public Health Station, and Nonthaburi Government Complex Station;

- Contract No. 2: 6 sites namely train bridge across Chao Phraya River, Sai Ma Station, Bang Rak Noi Tha It Station,

Bang Plu Station, Bang Yai Junction Station, and Bang Yai Market Station;

- Contract No. 3: 1 site namely Depot.

No. 1/2012 dated 15 March 2012

(1) Working Committee acknowledged the complaints concerning the project received during December 2011 -

February 2012 and assigned relevant parties to take actions as follows:

- after receiving complaints from MRTA, all contractors must inspect and focus on rectifying the complaints and

response to all complainants promptly;

- in case that there occurs an accident caused by mistakes of contractors, and the accident causes damage to

property of people on the road, the contractor must not deny its responsibility and must provide compensation for the damage


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to the victims in polite manner.

(2) The Working Committee acknowledged the results of environmental quality assessment for the project between

December 2011 - January 2012 and the meeting assigned the contractors to manage traffic in the construction area as follows:

- clear and complete warning signs;

- noticeable warning lights especially at night;

- straight barrier;

- personnel to signal others when there are vehicles leaving the construction sites.

(3) Working Committee considered the results in monitoring the performance of contractors between January - February

2012 and assigned contractors to focus on traffic management in the construction area as follows:

- in necessary cases, CKTC Joint Venture may decrease height of the barrier to one meter, for example at u turn spot,

as barrier may obstruct view on the other side of the road. In other cases, CKTC must increase height of barrier to two meters

to be in accordance with the measures in EIA report of the project;

- contractors must present accident report suffered by workers to the Working Committee in the following meeting;

- contractors must exercise caution to prevent “cement spilling on cars,” as it can be avoided;

- contractors must focus on preventing loud noise from temporary metal sheet on the road;

- contractors must make available personnel with knowledge on road safety to consider the appropriate spots for

installing warning signs and lights.

(4) Working Committee acknowledged the results of the study on economic - social conditions and attitude of the

people for Contract No. 2 and Contract No. 3 during January 2012 and the meeting assigned MRTA, PCPL consultants and

contractors to proceed with further action in accordance with the suggestions and comments from the survey.

No. 2/2012 dated 25 June 2012

(1) Working Committee acknowledged the summary of complaints concerning the project between March - May


- contractors must present photos to support presentation of solutions for the complaints in the next meeting;

- contractor under Contract No. 2 must emphasizes on preventing welding spatters from falling down to the road. If

closing road is not possible, the contractor must use equipment to prevent such from happening and present their solution in

the next meeting;

- MRTA Land Acquisition Department shall coordinate with the complaint acceptance division to inspect relevant

complaints and report the results of operation in the next meeting;

(2) Working Committee acknowledged the results of environmental quality assessment during the construction

period of the project between February - May 2012 and assigned the environment consultants of contractors under Contracts

No. 2 and No.3 to add analysis of cause sub-standard results of surface water during the construction, to find out whether it is

caused by the construction or other factors such as expansion of urban community.

(3) Working Committee considered the result in monitoring the performance of contractors between April - June 2012

and assigned the contractors to take actions as follows:

- present reasons for decreasing height of barrier in the report of performance under environmental measures specified

in the EIA Report, to be presented to the Office of Natural Resources and Environmental Policy and Planning every six months;

- request coverage of road surface in area where relocation of public utility takes place to prevent loud noise and

accidents;

- clean the barrier, canvas sheets, and light bulbs along the barrier.

(4) Working Committee acknowledged the results on economic - social conditions and attitude of the people for

Contract No. 1 during March 2012, and Contracts No. 2 and No. 3 during May 2012, and assigned MRTA, PCPL consultants and

contractors to proceed with further actions in accordance with the suggestions and comments from the survey.

(5) MRTA granted a certificate to contractors for outstanding environmental performance between January - June 2012

as follows:


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1) Outstanding Awards (Six-Leave Symbol):

- Contract No.1: 2 sites namely Tiwanon Juction Station and Nonthaburi Junction 1 Station;

- Contract No. 2: 4 sites namely train bridge across Chao Phraya River, Bang Rak Yai Station, Bang Yai Junction

Station, and Bang Yai Market Station;

2) Consolation Prizes (Five-Leave Symbol):

- Contract No. 1: 3 sites, namely Tao Poon Station, Nonthaburi Government Complex Station and Sri Phon Sawan Station;

- Contract No. 2: 2 sites namely Bang Rak Noi Tha It Station, and Bang Plu Station;

3. Overall operation of Controlling Committee for Environmental Impact Prevention and Reduction for the Blue Line

Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Sections

MRTA issued an order no.175/2554 (2011) dated 3 May 2011 to appoint Working Committee for Controlling, Governing

and Overseeing Compliance with Measures for Preventing and Reducing Environmental Impact of the Blue Line Project:

Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Sections. In the fiscal year 2012, there was 1 meeting which considers

the performance of preventing and reducing environmental effect and monitoring the environmental impacts caused by

contractors of the projects. The meetings can be summarized as follows.

No 1/2012 dated 13 January 2012

(1) Working Committee acknowledged the summary of complaints concerning construction of projects between April

- December 2011 and assigned the contractors under all contracts to inform workers in the construction sites that if there is

construction-related complaint in the construction site, the workers must accept the complaint and then report the matter to

the supervisor in order to find solutions to the problems;

(2) Working Committee acknowledged the results of environmental quality assessment during the construction period

between July - December 2011;

(3) Working Committee considered the results in monitoring the performance of contractors between August - December


-SH-UNJointVenturetomakenoticeablesignstoinformpassengersthatBangPhoPeiristemporaryclosed.

- contractors must supervise workers to ensure that they strictly comply with safety and environmental measures,

especially by wearing personal protective equipment within the construction site for safety of workers and good image of the

contractors and MRTA;

No. 2/2012 dated 5 April 2012

(1) Working Committee acknowledged the summary of complaints concerning construction of projects between

January - March 2012 and assigned contractors under all contracts to comply with the measures for preventing and reducing

environmental impact from noise, which prohibits contractors to carry out noisy works after 22:00 hrs.;

(2) Working Committee acknowledged the result of environmental quality assessment during the construction

period between January - March 2012 and assigned PMCBL consultants, CSCBL, and contractors to proceed with the suggestions

and comments on survey of economic-social conditions and attitude of the people conducted in January 2012;

(3) Working Committee considered the result in monitoring the performance of contractors between January - March

2012 and assigned contractors under all contracts to make sure that all workers wear their personal protective equipment.

No. 3/2012 dated 29 June 2012

(1) Working Committee acknowledged summary of complaints concerning construction of projects between April -

May 2012 and requested that the contractors focus on returning public area to the people and see to it that the road is ready

for use before open to the public. CSCBL consultants were assigned to ensure this on a case by case basis;

(2) Working Committee acknowledged the construction technic for Sanam Chai Station under Contract No. 2;

(3) Working Committee acknowledged the result of environmental quality assessment during construction period

between April - May 2012 and assigned relevant parties to take actions as follows:

- MRTA and contractors to publicize performance of project through different media so that the public acknowledges

and understand its operation;


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- environmental consultants of contractors under all contracts to present accident spots on the map along the project

line to Working Committee for consideration;

(4) Working Committee considered the result in monitoring the performance of contractors between April - June 2012

and requested contractors to pay attention to the use of safety helmet, soil outside of the barrier, trucks not covered with

canvas sheets and broken light bulbs along the barrier;

(5) MRTA granted consolation prizes (five-leave symbol) for outstanding environmental performance between January

- June 2012 as follows:

-ContractNo.2:2sitesnamelySanamChaiStationandCut&CoverThaPhra

- Contract No. 3: 1 site namely Bang Khun Non Station

-ContractNo.4:1sitenamelyBangKaePark&Ride.

Memorandum of Understanding

MRTAsignedinamemorandumofunderstandingwithThammasatUniversityon8June2012withthescopeofcorporation

as follows:

1. cooperation in education by supporting educations spots and interning;

2. jointly planning and providing support in terms of resources to jointly develop personnel such as exchanging access to

libraries and providing premises and facilities for educational visits;

3. jointly designing and improving curriculum to create advance technological field consistent with mass rapid transit

system, highly needed for the country;

4. jointly carry out educational and academic activities such as academic meetings and seminars, special lectures, exchange

of information and academic products relating to the operation of MRTA in order to promote exchange of knowledge;

5. jointly develop research and publicize academic works in engineering, economics, management, laws, and other fields

relating to mass rapid transit technology and related industries, which will be beneficial to both parties.

Information Technology

1. In the fiscal year 2012, MRTA revised its master plan for information technology and communications of the MRTA for

2012-2014 (Revised Version No. 1) as the framework of operation in information technology. In the fiscal year 2012, MRTA has

implemented IT Master Plan for 2012-2014 such as seeking of e-inventory system to assist with document delivery within

and outside the organization, which can be connected to the Ministry of Transport e-inventory system, development of risk

management as tools to support risk management operation, and the development of personnel training to assess training

needs and to reduce gaps compentency of staff / employees.

2. MRTA has prepared the policies and the security of the information technology systems guidelines of MRTA to be in

accordance with the rules and procedures of Royal Decree on Electronic Transaction in Government sector B.E. 2549 and

Notification of the e-Transaction Committee specified as rules for the security of MRTA information.

3. MRTA has prepared IT Disaster Recovery Plan to accommodate business continuity. Such a plan determines important

information systems and data such as operation steps, responsibility of relevant personnel, backup office, etc. This plan will

be implemented in emergency cases when MRTA cannot provide IT service. It will also prevent interruption of MRTA information

technology operation as it will allow the information system to remain accessible and minimize any negative impact on the

information system.

4. MRTA, in collaboration with the Transport and Traffic Policy and Planning Office, provided real time data Link for M.R.T.

passergerstobeinformedofcurrentvacantparkingspacesofall8Park&Rides.


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Management of Safety, Occupational Health and Working Environment

It is MRTA’s mission to provide service of M.R.T. Chaloem Ratchamongkhon Line and construct various train lines concurrently.

Therefore, promotion of strong management of safety, occupational health, and working environment is essential and must be

strictly supervised in order to prevent impact on MRTA personnel, contractors, concessionaires and the community and environment.

For the part year, MRTA determined relevant policy, plan, and measures to manage such matters for a systematic and

sustainable operation, taking into account management principles and compliance with relevant laws and measures.

Since the mission of constructing mass transit rapid projects involves high risks which are not easy to control and involves

many people concerned with different gender, age and expertise, therefore, MRTA has executed MRTA Safety Declaration

with consulting companies and civil work contractors of all projects with the goal to achieve zero fatal accident target, and

to improve efficiency of management of safety in mass rapid transit project construction.

Security, Fire Extinguishment and Rescue Training

The Security, Fire and Rescue Training Institute has provided both classroom lessons and practical lessons to MRTA security

guards, rescue officers and other personnel as well as non - MRTA personnel and organizations to develop knowledge

concerning security, fire extinguishment and rescue in the form of annual training plan.


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Public Complaints

MRTA received complaints from the public concerning M.R.T. Chaloem Ratchamonkhon Line service and the extension

projects via letters, phones, e-mail ([email protected]), newspaper and inquiry, which can be summarized as follows:

1. Summary of the fiscal year 2012

(1) MRTA made 2,448 replies to the public, consisting of 2,417 inquiries via telephone, and 31 inquiries via email. The

inquiries are mainly about mass rapid transit projects under MRTA responsibility;

(2) The number of complaints were 198, out of which 30 were related to the M.R.T. Chaloem Ratchamongkhon Line,

and 168 were related to impacts of construction of the Purple Line Project : Bang Yai - Bang Sue Section, the Blue Line Project:

Hua Lamphong- Bang kae and Bang Sue - Tha Phra Sections, the Green Line Project: Bearing - Samut Prakarn Section, and

the Pink Line Project: Khae Rai - Min Buri Section.

2.MRTAhashiredABACSocialInnovationResearchCentreandBusinessManagement,AssumptionUniversityto

conduct a survey on the satisfaction of passengers in M.R.T. Chaloem Ratchamonkhon Line service. The results of survey in

corporate image and customer satisfaction in the fiscal year 2012 revealed that 93.3% of the people in the Greater Bangkok

Metropolitan recognizes MRTA and 92.2% recognizes and trusts MRTA; 95.7% of the passengers and 94.3% of the people along

the project lines have better quality of life.


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Good Corporate Governance

Good Governance Policy

In order for an effective organization development, with reputable management system to be

trusted by the peoples and to promote a sustainable growth, MRTA has set its good governance

policy as follows;

1. To adhere to good governance principles, including accountability, responsibility, equitable treatment, transparency,

value creation, and ethics;

2. To encourage strict and continuous good governance principles;

3. To support and promote good governance for continuous growth;

4. To provide for an assessment of development and improvement of operation to become a leading state enterprise in

terms of good governance.

Activities Supporting Good Governance

In 2012, MRTA conducted different forms of activity to promote better governance, which include:

1. Preparation of Charter of the Good Governance Sub-Committee to be used as guideline for the performance of the

Sub-Committee;

2. The Good Governance Sub-Committee, executives, and staff of MRTA visited the Krungthai Bank Public Limited on

22 June 2012 for advice on good governance.

3. CG Day event was held on 5 September 2012 which includes the following activities: 1) Exhibition board on good

governance.2)GoodgovernanceQ&Acontest.3)Holdingtalkon “GoodGovernancePracticeinLargeConstruction

Projects” with participation of honored guest speakers namely Prof. Hiran Radeesi, Chairman of the Sub-Committee of the

Corporate Governance Center (former Chairman of MRTA Board of Directors), Miss Rachanee Tripipatkul, Chairman of MRTA

Board of Directors, and Mr. Pongpanu Svetarundra, Chairman of MRTA Good Governance Sub-Committee.

4. Knowledge transfer on good governance to high level executives by holding a good governance workshop on

12 September 2012, with Ajarn Chiraphorn Sumetheeprasit as the guest speaker. The workshop focused on the concepts and

development of good governance and concept and importance of GRC in managing on organization, to be used as

guideline for operation. This workshop was attended by 97 staff members who were heads of division and acting heads of

division.

5. Activities to promote Buddhist ethics in MRTA executives, staff, and employees i.e. holding meditation activities,

provisionofBuddha’smantraforVisakhaBuchaDay,andprovisionofBuddha’smantraforProject“OneUnitOneBuddha

Bucha” for the 2600th Year Sambuddha Jayanthi Celebration.

Concrete Success

For its operation, MRTA has adhered to good corporate governance principles. According to the performance assessment

under the good governance indicators in 2012, it can be concluded that MRTA has complied with the best practices of state

enterprises 2009 of State Enterprise Policy office at 96.2%, which is considered very high. As for activities supporting good

governance such as CG Day and visit to organization with good governance, MRTA Board of Directors, executives, and staff

all actively cooperated in related activities. Furthermore, MRTA partnered with BMCL in operating the activities under the

measures for reducing impact and monitoring the environment as specified in the environmental impact assessment report

continuously. This is guaranteed by winning the EIA Monitoring Awards 2011.


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90

Good Corporate Governance

Good Governance Policy

In order for an effective organization development, with reputable management system to be

trusted by the peoples and to promote a sustainable growth, MRTA has set its good governance

policy as follows;

1. To adhere to good governance principles, including accountability, responsibility, equitable treatment, transparency,

value creation, and ethics;

2. To encourage strict and continuous good governance principles;

3. To support and promote good governance for continuous growth;

4. To provide for an assessment of development and improvement of operation to become a leading state enterprise in

terms of good governance.

Activities Supporting Good Governance

In 2012, MRTA conducted different forms of activity to promote better governance, which include:

1. Preparation of Charter of the Good Governance Sub-Committee to be used as guideline for the performance of the

Sub-Committee;

2. The Good Governance Sub-Committee, executives, and staff of MRTA visited the Krungthai Bank Public Limited on

22 June 2012 for advice on good governance.

3. CG Day event was held on 5 September 2012 which includes the following activities: 1) Exhibition board on good

governance.2)GoodgovernanceQ&Acontest.3)Holdingtalkon “GoodGovernancePracticeinLargeConstruction

Projects” with participation of honored guest speakers namely Prof. Hiran Radeesi, Chairman of the Sub-Committee of the

Corporate Governance Center (former Chairman of MRTA Board of Directors), Miss Rachanee Tripipatkul, Chairman of MRTA

Board of Directors, and Mr. Pongpanu Svetarundra, Chairman of MRTA Good Governance Sub-Committee.

4. Knowledge transfer on good governance to high level executives by holding a good governance workshop on

12 September 2012, with Ajarn Chiraphorn Sumetheeprasit as the guest speaker. The workshop focused on the concepts and

development of good governance and concept and importance of GRC in managing on organization, to be used as

guideline for operation. This workshop was attended by 97 staff members who were heads of division and acting heads of

division.

5. Activities to promote Buddhist ethics in MRTA executives, staff, and employees i.e. holding meditation activities,

provisionofBuddha’smantraforVisakhaBuchaDay,andprovisionofBuddha’smantraforProject“OneUnitOneBuddha

Bucha” for the 2600th Year Sambuddha Jayanthi Celebration.

Concrete Success

For its operation, MRTA has adhered to good corporate governance principles. According to the performance assessment

under the good governance indicators in 2012, it can be concluded that MRTA has complied with the best practices of state

enterprises 2009 of State Enterprise Policy office at 96.2%, which is considered very high. As for activities supporting good

governance such as CG Day and visit to organization with good governance, MRTA Board of Directors, executives, and staff

all actively cooperated in related activities. Furthermore, MRTA partnered with BMCL in operating the activities under the

measures for reducing impact and monitoring the environment as specified in the environmental impact assessment report

continuously. This is guaranteed by winning the EIA Monitoring Awards 2011.


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92

Corporate Social Responsibility Performance

Corporate Social Responsibility Policy

1. Promote and support social development by improving the quality of life of the people and encouraging staff and

employees to give back to the communites and society voluntarily :

2. Cooperate with the communities along the mass rapid transit project alignment to preserve good culture and traditions

of Thailand for sustainability :

3. Operate the business, determine the design, and construct projects keeping in mind the environmental impact in each

and every step, and campaign for environmental preservation for sustainability :

4. Promote education of staff and employees, as well as their children, and support education of schools along the mass

rapid transit project alignment in line with Bowon Principle (House, Temple, School).

Performance

Apart from operation of the organization under good corporate governance principles and taking responsibility for

passengers by providing mass rapid transit service that meets international standards and in order to show commitment and

intention for corporate social responsibility, MRTA has been carrying out corporate social responsibility and environmental

projects including community involvement and development such as promotion of traditions and culture of communities

along the mass rapid transit project line, support to children and youth by providing scholarship and knowledge on mass rapid

transit system, promote quality of life of the people and community by carrying out mobile education unit and community

development activities, protection of the environment by carrying out green construction, producing vetiver seedlings as

gratitude to the King, Suan Lak Song project, etc. Moreover, MRTA has been encouraging improving mind and ethics of

personnel by holding ethics promotion week, chanting, summons, food offerings to monks, etc., as well as other activities for the

community such as donating money and survival kits to victims of disasters, blood donation, etc. MRTA carried out such

activities by cooperating with various agencies both of the public and the private sectors.


93

Corporate Social Responsibility Activities

MRTA Con tribution in Blood Don ation MRTA, together with the National Blood Center, Thai

Red Cross Society, holds blood drives for the Thai Red Cross

Society, participated by staff/employees and workers of

MRTA and Bangkok Metro Public Company Limited (BMCL)

four times a year.

MRTA Donation Booth at Silom and Sukhumvit Stations for Flood Victims On 17-22 October 2011, MRTA set up two donation

booths for money, items, consumable items, and instant

food at Silom station and Sukhumvit connecting building to

be donated to flood victims in order to help those who

suffer from the flood, in line with the policy of the Minister

of Transport.

MRTA Donation to Flood Victims in Nonthaburi On 5 October 2011, MRTA, led by Mr. Chairat Joomwong,

an MRTA Board of director, and Mr. Ronnachit Yamsa-

ard, MRTA Deputy Governor (Operation) acting MRTA

Governor, arranged 1,200 survival bags and donated

them to flood victims in Nonthaburi along the Purple Line

Project: Bang Yai - Bang Sue Section in Tambon Tha-it,

Amphoe Pakkred, Nonthaburi Province.


94

MRTA and BMCL Jointly Make 50,000 EM Balls for Donation to Flood Victims On 19 November 2011, MRTA, together with BMCL,

held “Helping Hands and 50,000 EM Balls with MRTA” at

retail floor, Chatuchak Park Station, with Mr. Ronnachit

Yamsa-ard, MRTA Deputy Governor (Operation) acting

MRTA Governor, as the president of the activity. This

activity was participated by over 1,000 volunteers,

who can bring back the EM balls for their own use and

donate to flood victims.

MRTA Big Cleaning On 15 December 2011, Mr. Ronnachit Yamsa-ad,

MRTA Deputy Governor (Operation) acting MRTA Governor

lead MRTA Big Cleaning Activity to help restore Wat

Prasart School, Tambon Bangkrang, Amphoe Muang,

Nonthaburi Province, which suffered from the flood. The

activity involved cleaning school, painting buildings and

planting trees, MRTA recieved a warm welcome from

Mr. Somsak Cheepet, the school’s director.

On 24 November 2011 at 16:00 - 19:00 hrs., MRTA gave away the EM balls to passengers at Lat Phrao Station, which

attracted many passengers.

On 25 November 2011, Mr. Ronnachit Yamsa-ard, MRTA Deputy Governor (Operation) acting MRTA Governor, donated

MRTA drinking water, EM balls, floating toilets and paper toilets to flood victims in Tambon Sawai, Amphoe Lamlukka,

Pathumthani Province, with Mr. Veera Kanaphan, Chief Administration of the Lad Sawai SAO, accepting the donation.


95

MRTA Sponsoring 2012 Children’s Day Activities On 12 January 2012, Miss Rachanee Tripipatkul,

Chairperson of the MRTA Board of Directors, with

Mr. Ronnachit Yamsa-ad, MRTA Deputy Governor

(Operation) acting MRTA Governor, and MRTA executives

on behalf of MRTA granted supporting fund for 2012

Children’s Day activities to 20 schools along the MRTA’s

project line.

”84,000 Vetiver Seedlings for our Father” by MRTA

On 23 December 2011, Mr. Ronnachit Yamsa-ad,

MRTA Deputy Governor (Operation) acting MRTA

Governor, led the “84,000 Vetiver Seedlings for our Father”

activity in celebration of the King’s 84th anniversary. The

activity, held in front of MRTA building, was participated

by MRTA executives and employees.

MRTA Green Construction On 21 August 2012, Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Directors opened the “Suan Lak

Song” park in front of the MRTA office building. The activity involved transferring 60 trees including Sak Thong, Phaya

Sattaban, Chanuan Thong, and Charoensuk from the Lak Song Depot, the Blue Line Project: Hua Lamphong- Bang Kae

and Bang Sue - Tha Phra Sections under MRTA Green Construction Project.


96

Important Activities

Chairperson of MRTA Board of Directors and team inspected MRTA projects On 31January 2012, Miss Rachanee Tripipatkul, Chairperson

of MRTA Board of Directors and team inspected the

construction site of the Purple Line Project: Bang Yai Bang Sue

Section at Phra Nangklao Bridge, Depot and visited the

commercial development area of M.R.T. Chaloem

Ratchamongkhon Line at Phaholyothin Station, Rama 9

Station, and Sukhumvit Station. They were welcomed

by Mr. Ronnachit Yamsa-ard, Deputy Governor (Operation)

acting MRTA Governor and Mr. Chaisit Gururatana, MRTA

Deputy Governor (Engineering and construction).

MRTA commencement construction of the Green Line: Bearing – Samut Prakarn Section On 5 March 2012, Miss Rachanee Tripipatkul,

Chairperson of the MRTA Board of Directors presided

over the commencement of construction of the Green Line

Project: Bearing - Samut Prakarn Section, with Mr. Ronnachit

Yamsa-ard, Deputy Governor (Operation) acting MRTA

Governor, MRTA executives, executives of Chotichinda

Mouchel Consultants Co., Ltd. and executives of

CH.Karnchang Public Company Limited giving a warm welcome. MRTA executed a contract for civil work construction

with CH. Karnchang Public Company Limited on 23 December 2011. The construction will take approximately 45 months.

According to work plan, the line is estimated to open for service in early 2017.

MRTA signed Civil Work Contract No. 1 of the Green Line Project: Bearing – Samut Prakarn Section On 23 December 2011, Air Chief Marshal Sukumpol

Suwanatat, Minister of Transport presided over the signing

ceremony of Civil Work contract No. 1 of the Green Line Project:

Bearing - Samut Prakarn with Mr. Ronachit Yamsa-ard,

Deputy Governor acting MRTA Governor and Mr. Plew

Treewitwawate, CEO of CH.Karnchang Public Company Limited,

as signatories and Miss Rachanee Tripipatkul, Chairperson of

the MRTA Board of Directors as witness at MRTA Office.


97

MRTA opening tender envelop for Contract No. 6 (trackwork) of the Purple Line Project: Bang Yai – Bang Sue Section

On 29 May 2012, Mr. Peerayudh Singpatanakul, MRTA

Deputy Governor (Engineering and Construction) as the

Chairman of the Civil Works Tender Committee for the Purple

Line Project: Bang Yai- Bang Sue Section presided over the

opening of tender envelop for contract No. 6 (trackwork) of

Italian Thai Development Public Company Limited, which

is the only company which is technically qualified. The

company offered the price of Baht 4,142 million.

Minister of Transport assigns policy and visits MRTA

On 22 March 2012, Mr. Charuphong Ruengsuwan,

Minister of Transport and Mr. Chadchart Sittipunt, Deputy

Minister of Transport, assigns policy and visit MRTA,

welcomed by Miss Rachanee Tripipatkul, Chairperson

of the MRTA Board of Directors, Mr. Ronnachit Yamsa-ard,

Deputy Governor (Operation) acting MRTA Governor,

MRTA board of directors, and executives. The policy encourages

MRTA to promptly execute all project contracts within this

MRTA participating in academic seminar for the 100th anniversary of the Ministry of Transport on “Rail Age: 2012” On 4 May 2012, Mr. Charuphong Ruangsuwan, Minister

of Transport presided over the academic seminar for the

100th anniversary of the Ministry of Transport on “Rail Age:

2012” with Pol. Lt. Gen Chaj Kuldilok, Deputy Minister of

Transport as a speaker on “Government’s Policy to Create

the Rail Age,” Mr. Sinpachai Charukasemrattana, Deputy

Permanent Secretary, and acting Permanent Secretary of

term of government. The Minister and Deputy Minister also tried the MRTA service taking train from Thailand Cultural

Center Station to Bang Sue Station on M.R.T. Chaloem Ratchamongkhon Line and observed the progress of the Purple Line

Project: Bang Yai - Bang Sue Section at the construction site at Tao Poon Station.

This trackwork (Contract No. 6) involves construction of 23 km. trackwork throughout the Purple Line Project: Bang Yai - Bang

Sue Section, as well as trackwork from Bang Sue Station to Tao Poon Station, and within Bang Phai Depot.

the Ministry of Transport and Mr. Peerayudh Singhapatanakul, MRTA Deputy Governor (Engineering and Construction) on

“Looking Back and Forward to the Development of Mass Transit” at Novotel Suvarnabhumi Airport Hotel. MRTA also held an

exhibition on its mass rapid transit projects.


98

Tunnel Boring Machine for Construction of the Blue Line Project: Hua Lamphong – Bang Kae Section has reached Thailand Italian Thai Development Public Company Limited, the

contractor for the construction of the Blue Line Project: Hua

Lamphong - Bang Kae Section, contract No. 1, brought

in Tunnel Boring Machine (TBM) of the EPB (Earth Pressure

Balance) type to Thailand on 5 May 2012 at Khlong Toey

Pier and was moved to the storage area in Hua Lumphong

between 6 - 8 May 2012.

MRTA held a public hearing prior to commencing the construction of the Pink Line Project: Khae Rai– Min Buri Section On 25 September 2012 at 9:30 am at Jupiter Room,

3rd Floor, Miracle Grand Convention Hotel, Mr. Yongsit

Rojsrikul, the MRTA Governor presided over the public hearing

for revision of feasibility study, project design adjustment and

preparation of tender document for the Pink Line Project:

Khae Rai - Min Buri Section, attended by approximately 500

attendees from both the public and private sectors, local

administration organizations, independent organizations, and

general public.

The Prime Minister presided the commencement of boring machine operation for the Blue Line Project: Hua Lamphong – Bang Kae Section and Bang Sue – Tha Phra Section On 24 August 2012, Prime Minister Yingluck Shinawatra

presided over the commencement of boring machine operation

for the Blue Line Project: Hua Lamphong - Bang Kae Section

and Bang Sue - Tha Phra Section. She was welcomed by

Mr. Charuphong Ruangsuwan, Minister of Transport, Pol. Lt. Gen.

Chaj Kuldilok and Mr. Chadchart Sittipunt, Deputy Minister of

Transport, Mr. Sinlapachai Charukasemrattana, Permanent Secretary of Ministry of Transport, executives of Ministry of Transport,

Miss Rachanee Tripipatkul, Chairperson of the MRTA Board of Director, and Mr. Yongsit Rojsrikul, the MRTA Governor.

MRTA Governor Appointed On 17 July 2012, the Cabinet gave consent to the

Ministry of Transport’s request to appoint Mr. Yongsit Rojsrikul

as the MRTA Governor with a fixed monthly remuneration of

Baht 340,000 as well as other benefits as approved by the

Ministry of Finance, effective on the date of execution of

employment contract.


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100

Report on MRTA Board of Directors’ Responsibility on the Financial Report

MRTA Board of Directors is aware of the Board’s responsibility to ensure that the financial report is prepared in compliance

with the generally accepted accounting principles. Consideration of appropriate accounting policies to be regularly

implemented, reasonability, and prudence have also been included in the preparation of the financial statements. Essential

information was sufficiently and transparently disclosed in the notes to the financial statements for the fiscal year 2012, which

the auditor (Office of the Auditor General of Thailand) has reviewed and provided opinion on in the auditor’s report.

MRTA Board of Directors values and has implemented good governance, and maintained risk management and internal

control systems to ensure accuracy, completeness and adequacy of financial information, in order to maintain assets and

prevent fraud or significant irregularities.

The Board has appointed an Audit Committee, consisting of independent directors, to oversee the quality of financial

statements and the performance of internal control system and internal audit function. The Committee’s comments have

already been shown in the Report of the Audit committee in this annual report.

The Board wishes to support the opinion that MRTA financial statements for the year ended 30 September 2012 and 2011

jointly reviewed by the management and the auditor represent the accurate, credible and reasonable financial position,

performance and cash flows in accordance with the generally accepted accounting principles, reflecting MRTA’s transparent

and adequate disclosure of information and compliance with applicable law and regulations.

(Miss Rachanee Tripipatkul) (Mr. Yongsit Rojsrikul)

Chairperson of the MRTA Board of Directors Governor of the Mass Rapid Transit Authority

of Thailand


101

Report of the Audit Committee for the fiFiscal year 2012

The MRTA Board of Directors issued Order No.85/2555 dated 10th February 2555, appointing the Audit Committee which consists of Mr. Charoenrat Chutikarn as Chairman, Mr. Woravit Champeerat and Mr. Rapeepan Sariwat, as Audit Committee Members, Director of Audit Office and Director of Account and Finance Audit Division as Secretary and Assistant Secretary. The Audit Committee has the authority to review credibility of financial statements , review management report, MRTA operationreport, conflict of interest transactions and compliance with rules, regulations, the Cabinet’s resolutions and policy of MRTA Board of Directors. It must submit reports to MRTA Board of Directors at least once every quarter as stipulated in the Regulationsand Guidelines of Practice of the Audit Committee in the State Enterprises which were approved by the Cabinet on 25th April 2000 and the letter of the Ministry of Finance (stamped top urgent) with reference No. Gor Kor 0804/Wor 58 dated May 17, 2004. In the fiscal year 2011, the Audit Committee performed its duties with special attention on the good governance practiceof MRTA and each of its members enjoyed freedom in expressing opinions. It held four meetings and gave forum for executivemembers and concerned parties to clarify and provide information on important issues for the Audit Committee’s consideration. In this connection, the representative of the Auditor General of Thailand was also invited to attend the meetings. The Audit Committee’sperformance and recommendations for work improvement during the year under review could be summarized as follows: (1) Review all quarterly financial statements, annual budget expenditure and financial management of MRTA to ensure their credibility and accuracy by inviting the officer of the Office of the Auditor General of Thailand, who examined and approved financial statements of MRTA, to consult with the Audit Committee and express opinions on these financial statements based on her/his audit together with advice to the Audit Committee, (2) Review the suitability, adequacy and effectiveness of internal control system; review auditing results and auditing guidelines;suggest guidelines for solving problems and obstacles of the audited activities; evaluate the performance of internal audit function concerning MRTA’s affairs management in conformity with the procedures and generally accepted standards, (3) Review MRTA’s performance in supervising M.R.T. System operation, security work and maintenance of all facilities to ensure strict compliance with the established standard with focus on the performance of the concessionaire in system operation of the M.R.T. Chaloem Ratchamongkhon Line; review security and rescue operational readiness and effectiveness including problems and obstacles, (4) Review compliance with the policies, rules, regulations, Cabinet’s resolutions and relevant laws, (5) Encourage disclosure of MRTA’s information in case there existed connected transaction or transaction indicative of conflict of interest, (6) Review follow-up report in complying with the recommendations of the Audit Committee during the fiscal year 2011, (7) Review report of the Audit Committee’s operation for the fiscal year 2011, (8) Revise the Internal Audit Manual for the fiscal year 2012 (9) Review the 2nd revision of 3 - year auditing plan for the fiscal year 2011-2013 and the annual auditing plan for the fiscal year 2013 (October 2012 - September 2013), (10) Review quarterly reports of internal audit affairs supervision of the Audit Committee in quarter 1,2 and 3, (11) Review Key Performance Indicator (KPIs) of the Director of Audit Office for the fiscal year 2012, (12) Conduct self-evaluation of the Audit Committee for the fiscal year 2012 (October 2011- September 2012), (13) Review performance evaluation questionnaires of the Audit Committee on the role of the Director of Audit Office as internal auditor and secretary of the Audit Committee for the fiscal year 2012, (14) Acknowledge annual summary report of the audit affairs for the fiscal year 2011 (October 2010 - September 2011), (15) Acknowledge opinion survey reports on the audit performance of Audit Office, (16) Acknowledge risk management reports of MRTA, (17) Acknowledge progress reports on the implementation of internal control system,


102

(18) Evaluate the performance of the Director of Audit Office on the role as internal auditor and secretary of the Audit Committee for the fiscal year 2012, (19) Acknowledge independent evaluation report by the internal auditor (Por Sor Report Form) for the fiscal year 2011(October 2010 - September 2011), (20) Acknowledge and give suggestions on the conflict issues between MRTA and Bangkok Metro Public Company Limited (BMCL), (21) Acknowledge human resources development plan for internal auditors of the Audit Office for the fiscal year 2013, (22) Acknowledge observation report by the Audit Office on emergency drills within the M.R.T. underground system, (23) Revise the Charter of the Audit Committee to bring it up-to-date with the Regulation of the Ministry of Finance on the Audit Committee and Internal Audit Agency of State Enterprises B.E. 2555, (24) Acknowledge and give advice in other issues. The Audit Committee has consistently submitted the audit reports to MRTA Board of Directors according to the established timeframe. It is of the opinion that during the fiscal year 2012, the Audit Committee has performed its duties with prudence, discretion, independent mind and fairness to the best of its knowledge and ability. Frank opinions were also given to all concerned parties for the best interest of MRTA.

(Mr.Charoenrat Chutikarn) Chairman of the Audit Committee

September 2012


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103

Auditor’s Report

To the Board of Directors of the Mass Rapid Transit Authority of Thailand We have audited the statement of financial position under equity method and separate statement of financial position under the cost method as of 30 September 2012 and 2011, the statement of comprehensive income under equity method and separate statement of comprehensive income under cost method, changes in equity under equity method and separate changes in equity under cost method, and cash flows under equity method and separate cash flows under cost method for the years then ended of the Mass Rapid Transit Authority of Thailand. These financial statements are the responsibility of the MRTA’s management as to their correctness and completeness of the presentation. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted the audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by the management, as well as evaluating the overall financial statement presentation. We believe our audit provides a reasonable basis for the opinion. In our opinion, the aforementioned financial statements present fairly, in all material respects, the financial positions of the MRTA as of 30 September 2012 and 2011, and the results of its operations and cash flows for the years then ended, and are in conformity with generally accepted accounting principles. Without qualifying an opinion on these financial statements, the Office of the Auditor General would like to draw attention to the following: (1) Notes 3.1, 3.2, 4 and 5: MRTA has adopted the new and revised financial reporting standards issued by the Federation of Accounting Professions, which are effective to the financial statements beginning on or after January 1, 2011. The financial statements under equity method and the separate financial statements under cost method for the year then ended September 30, 2011, shown herewith as comparison have been restated accordingly; (2) Notes 7.21 Income from concessionaire not yet recognized as income from 1 October 2005 to 30 September 2012 totals Baht 24.39 million, which includes remuneration from commercial development under the concession agreement which the concessionaire did not pay on time in the amount of Baht 2.21 million and remuneration from commercial development other than under the concession agreement which the concessionaire did not pay on time under the resolution of the Board of Directors of the Mass Rapid Transit Authority of Thailand in the amount of Baht 22.18 million.

(Mrs. Klednathee Manosanti) Director of Financial Audit Office No. 5

(Mrs. Kritiyaporn Petchuay) Group Director

Office of the Auditor General27 March 2013


104

Mass Rapid Transit Authority of Thailand Balance Sheets As of 30 September 2012 and 2011

Financial Statements Presenting Investment under Equity Method

Separate Financial Statements Presenting Investment under Cost Method

Notes 2012 2011 2012 2011

Assets

Current Assets

Cash and cash equivalents

Trade and other receivables

Receivable government subsidies

Land acquisition cost in process

Account deposit - land acquisition deposit

Other current assets

7.1

7.2

7.3

7.4

7.5

1,072,112,088.60

11,860,853.13

373,514,877.62

89,663,903.99

1,288,575,135.86

132,075,175.93

1,328,958,784.73

9,064,758.69

207,503,052.43

318,915,267.37

864,345,047.93

58,363,113.70

1,072,112,088.60

11,860,853.13

373,514,877.62

89,663,903.99

1,288,575,135.86

132,075,175.93

1,328,958,784.73

9,064,758.69

207,503,052.43

318,915,267.37

864,345,047.93

58,363,113.70

Total current assets 2,967,802,035.13 2,787,150,024.85 2,967,802,035.13 2,787,150,024.85

Non-current Assets

Advances

Investment in associated undertakings

Expenses for land acquisition

Land, building and equipment

M.R.T. Chaloem Ratchamongkhon

Line Project: Assets

Work in process

Intangible assets

Right to use underground space

Deferred long-term leasehold

7.6

7.7

7.8

7.9

7.10

7.11

7.12

8,318,686,450.09

1,008,015,017.51

39,578,421.95

37,599,743,157.87

62,541,708,711.84

28,255,176,565.60

18,521,336.94

1,573,114,724.95

40,084,142.82

8,220,944,974.17

1,313,851,303.51

36,949,724.23

34,271,101,689.87

64,420,128,672.36

13,070,696,005.00

19,915,291.16

1,355,624,566.46

42,615,772.98

8,318,686,450.09

2,987,500,000.00

39,578,421.95

37,599,743,157.87

62,541,708,711.84

28,255,176,565.60

18,521,336.94

1,573,114,724.95

40,084,142.82

8,220,944,974.17

2,987,500,000.00

36,949,724.23

34,271,101,689.87

64,420,128,672.36

13,070,696,005.00

19,915,291.16

1,355,624,566.46

42,615,772.98

Total non-current assets 139,394,628,529.57 122,751,827,999.74 141,374,113,512.06 124,425,476,696.23

Total Assets 142,362,430,564.70 125,538,978,024.59 144,341,915,547.19 127,212,626,721.08

Unit:Baht

the accompanying notes are an integral part of these financial statements.


105

Mass Rapid Transit Authority of Thailand Balance Sheets As of 30 September 2012 and 2011

the accompanying notes are an integral part of these financial statements.



(Mrs. Pouangyok Boonthanom)

Director of Accounting and Finance Department



Notes 2012 2011 2012 2011

Liabilities and Equity

Current Liabilities

Account payables in process

Other account payables

Long-term loans due

within one year

Accrued interest

Unearnedrentalrightrevenue

Accrued land acquisition expenses

Land acquisition deposit in process

Retention monies

Other current liabilities

7.13

7.14

7.17

7.15

7.16

7.3

7.4

2,413,762,414.85

91,688,328.29

4,362,252,204.64

339,690,274.14

2,542,259.25

89,663,903.99

1,288,575,135.86

587,675,429.92

17,105,154.240

1,826,598,036.65

49,436,505.42

4,427,651,656.56

201,113,223.45

3,848,519.96

318,915,267.37

864,345,047.93

506,285,280.72

19,805,891.76

2,413,762,414.85

91,688,328.29

4,362,252,204.64

339,690,274.14

2,542,259.25

89,663,903.99

1,288,575,135.86

587,675,429.92

17,105,154.24

1,826,598,036.65

49,436,505.42

4,427,651,656.56

201,113,223.45

3,848,519.96

318,915,267.37

864,345,047.93

506,285,280.72

19,805,891.76

Total Current Liabilities 9,192,955,105.18 8,217,999,429.82 9,192,955,105.18 8,217,999,429.82

Non-current Liabilities

Deferred income

Long-term loans

Employee benefit obligations

7.17

7.18

19,182,486.32

97,921,926,163.34

111,456,280.48

20,661,426.98

90,169,450,107.54

-

19,182,486.32

97,921,926,163.34

111,456,280.48

20,661,426.98

90,169,450,107.54

-

Total Non-current Liabilities 98,052,564,930.14 90,190,111,534.52 98,052,564,930.14 90,190,111,534.52

Total Liabilities 107,245,520,035.32 98,408,110,964.34 107,245,520,035.32 98,408,110,964.34Equity

Capital Retained earning

7.19 72,862,613,494.47 (37,745,702,965.09)

63,797,664,613.71 (36,666,797,553.46)

72,862,613,494.47 (35,766,217,982.60)

63,797,664,613.71 (34,993,148,856.97)

Total Equity 35,116,910,529.38 27,130,867,060.25 37,096,395,511.87 28,804,515,756.74

Total Liabilities and Equity 142,362,430,564.70 125,538,978,024.59 144,341,915,547.19 127,212,626,721.08

Unit:Baht

Mass Rapid Transit Authority of Thailand Balance Sheets Position (continued) As of 30 September 2012 and 2011


106

The accompanying note are an integral part of These financial statements.


Governor of Mass Rapid Transit Authority of Thailand (Mrs. Pouangyok Boonthanom)




Notes 2012 2011 2012 2011Revenue

Revenue from operation

From subsidies

From concession contract

From shop rental

From approval to use immovable property

FromPark&Ridefees

7.20

398,221,888.15

41,180,302.43

16,275,569.57

32,031,747.59

49,239,143.71

441,068,081.59

31,504,787.36

12,041,284.26

28,602,096.52

43,583,930.36

398,221,888.15

41,180,302.43

16,275,569.57

32,031,747.59

49,239,143.71

441,068,081.59

31,504,787.36

12,041,284.26

28,602,096.52

43,583,930.36

Total Revenue from Operation 536,948,651.45 556,800,180.09 536,948,651.45 556,800,180.09

Other revenue

Receivable interest

Profit from sale of assets

Other revenue

Profit from exchange rate

30,053,314.37

-

14,146,549.13

1,995,395,877.77

15,182,554.54

776,871.43

12,754,325.50

-

30,053,314.37

-

14,146,549.13

1,995,395,877.77

15,182,554.54

776,871.43

12,754,325.50

-

Total Other Revenue

Total Revenue

2,039,595,741.27

2,576,544,392.72

28,713,751.47

585,513,931.56

2,039,595,741.27

2,576,544,392.72

28,713,751.47

585,513,931.56

Expenses

Employee benefit expense

Personnel expense

Depreciation and amortization

Other expenses

Loss from exchange rate

Financial cost 7.22

Share of loss from investment under equity method

12,449,691.87

309,922,546.55

1,917,458,845.83

193,101,801.37

-

814,082,246.12

305,836,286.00

-

280,715,220.20

1,905,536,167.08

179,196,045.36

9,187,943,251.84

864,507,656.10

273,958,114.38

12,449,691.87

309,922,546.55

1,917,458,845.83

193,101,801.37

-

814,082,246.12

-

-

280,715,220.20

1,905,536,167.08

179,196,045.36

9,187,943,251.84

864,507,656.10

-

Total Expenses 3,552,851,417.74 12,691,856,454.96 3,247,015,131.74 12,417,898,340.58

Loss for the year

Other comprehensive income

Profit from actuarial estimates

(976,307,025.02)

215,507.88

(12,106,342,523.40)

-

(670,470,739.02)

215,507.88

(11,832,384,409.02)

-

Total comprehensive loss for the year (976,091,517.14) (12,106,342,523.40) (670,255,231.14) (11,832,384,409.02)

Unit:Baht

Mass Rapid Transit Authority of Thailand Statement of Income As of 30 September 2012 and 2011


107

Mass Rapid Transit Authority of Thailand Statement of Income As of 30 September 2012 and 2011

Mass Rapid Transit Authority of Thailand Statement of Changes in Equity For the Year Ended 30 September 2012 and 2011

Separate Financial StatementsPresenting Investment under equity Method

Note Capital Retained Earnings Total

Begining balance as of 1 October 2010

Increased during the year

Fiscal year net loss

54,789,193,313.25

9,008,471,300.46

-

(24,560,455,030.06)

-

(12,106,342,523.40)

30,228,738,283.19

9,008,471,300.46

(12,106,342,523.40)

Begining balance as of 30 September 2011 63,797,664,613.71 (36,666,797,553.46) 27,130,867,060.25


Impact from changes in accounting policy 4.2

Increased during the year 7.19

Comprehensive loss for the year

63,797,664,613.71

-

63,797,664,613.71

9,064,948,880.76

-

(36,666,797,553.46)

(102,813,894.49)

(36,769,611,447.95)

-

(976,091,517.14)

27,130,867,060.25

(102,813,894.49)

27,028,053,165.76

9,064,948,880.76

(976,091,517.14)

Ending balance as of 30 September 2012 72,862,613,494.47 (37,745,702,965.09) 35,116,910,529.38

Unit:Baht

Separate Financial StatementsPresenting Investment under Cost Method

Note Capital Retained Earnings Total


Increased during the year

Comprehensive loss for the year

54,789,193,313.25

9,008,471,300.46

-

(23,160,764,447.95)

-

(11,832,384,409.02)

31,628,428,865.30

9,008,471,300.46

(11,832,384,409.02)

Begining balance as of 30 September 2011 63,797,664,613.71 (34,993,148,856.97) 28,804,515,756.74


Impact from changes in accounting policy 4.2

Increased during the year 7.19

Fiscal year net loss

63,797,664,613.71

-

63,797,664,613.71

9,064,948,880.76

-

(34,993,148,856.97)

(102,813,894.49)

(35,095,962,751.46)

-

(670,255,231.14)

28,804,515,756.74

(102,813,894.49)

28,701,701,862.25

9,064,948,880.76

(670,255,231.14)

Ending balance as of 30 September 2012 72,862,613,494.47 (35,766,217,982.60) 37,096,395,511.87

Unit:Baht

The accompanying note are an integral part of these financial statements.






108

Unit:Baht

Financial Statements Presenting Investment Under Equity Method


Note 2012 2011 2012 2011

Cash Flows from Operation Activities Total comprehensive loss Adjustments to reconcile comprehensive profit loss to cash provided by

(paid) operating activities Depreciation and amortization (Profit) from sale of property Realized (profit) loss on exchange rate Unrealized(profit)lossonexchangerate Share of net loss from investment under equity method Receivable interest Employee benefit expense Profit from actuarial estimates Financial costs

(976,091,517.14)

1,917,458,845.83-

(243,644,348.16)

(1,751,751,529.61)

305,836,286.00(30,053,314.37)12,449,691.87(215,507.88)

814,082,246.12

(12,106,342,523.40)

1,905,536,167.08 (747,442.96)

161,943,730.52

9,025,999,521.32

273,958,114.38(15,182,554.54)

- -

864,507,656.10

(670,255,231.14)

1,917,458,845.83 -

(243,644,348.16)

(1,751,751,529.61)

- (30,053,314.37)12,449,691.87(215,507.88)

814,082,246.12

(11,832,384,409.02)

1,905,536,167.08 (747,442.96)

161,943,730.52

9,025,999,521.32

- (15,182,554.54)

- -

864,507,656.10

Profit from operation prior to changes in

operating assets and liabilities 48,070,852.66 109,672,668.50 48,070,852.66 109,672,668.50

(Increase) Decrease in operating assets Account Receivable and other receivablesOutstanding receivable subsidies Receivable government subsidies Other current assets

(4,102,581.82)1,018,613.01

(167,030,438.20) (73,712,062.23)

118,706.15 315,462.33

(85,308,407.00) (35,738,289.66)

(4,102,581.82)1,018,613.01

(167,030,438.20) (73,712,062.23)

118,706.15 315,462.33

(85,308,407.00) (35,738,289.66)

(Decrease) Increase in operating liabilities

Other account payables UnearnedrentalrightrevenueRentention monies Other current liabilities Deferred income Cash for employee benefit obligation

Receivable cash from operation Cash from interest

42,825,353.98 (1,306,260.71) 81,390,149.20 (2,700,737.52) (1,478,940.66) (3,591,798.00))

31,359,801.75

(20,874,488.22) (4,770,133.67) 391,091,510.16 12,938,655.04

(1,481,599.08)-

12,059,751.91

( 42,825,353.98 (1,306,260.71) 81,390,149.20 (2,700,737.52) (1,478,940.66) (3,591,798.00)

31,359,801.75

(20,874,488.22) (4,770,133.67) 391,091,510.16 12,938,655.04

(1,481,599.08) -

12,059,751.91

Net cash from (used in) operating activites (49,258,048.54) 378,023,836.46 (49,258,048.54) 378,023,836.46

Mass Rapid Transit Authority of Thailand Statement of Cash Flows For the Year Ended 30 September 2012 and 2011


109

Mass Rapid Transit Authority of Thailand Statement of Cash Flows For the Year Ended 30 September 2012 and 2011

Unit:Baht

Financial Statements Presenting Investment Under Equity Method


Note 2012 2011 2012 2011

Cash flows from investing activities Advance payment for construction of MRT projects Cash from sale of property Payment for land expropriation Payment for construction of buildings Payment for purchase of equipment Right to use underground space for construction of projects Payment for land acquisition Payment for construction of MRT projects

Net cash used in investing activities

(1,204,785,531.79) -

(3,358,380,973.09) -

(2,307,842.09) (3,065,953.75)

(217,490,158.49)

(2,628,697.72) (12,919,835,418.00) (17,708,494,574.93)

(4,913,229,844.17)

776,878.43 (2,250,916,291.89)

(30,081,575.12) (34,200,146.38)

- (226,913,206.46)

(12,581,050.10)

(9,285,168,036.51)(16,752,313,272.20)

(1,204,785,531.79)

- (3,358,380,973.09)

- (2,307,842.09) (3,065,953.75)

(217,490,158.49)

(2,628,697.72)(12,919,835,418.00) (17,708,494,574.93)

(4,913,229,844.17)776,878.43

(2,250,916,291.89) (30,081,575.12) (34,200,146.38)

- (226,913,206.46)

(12,581,050.10) (9,285,168,036.51)(16,752,313,272.20)

Cash flows from financing activities

Receipt of long-term loan Payment of loan Payment of interest Receipt of subsidies

13,879,169,488.82 (4,225,300,915.70) (1,217,911,526.54)

9,064,948,880.76

14,068,699,572.58 (5,211,925,526.15) (953,714,744.57)9,008,471,300.46

13,879,169,488.82 (4,225,300,915.70) (1,217,911,526.54)

9,064,948,880.76

14,068,699,572.58 (5,211,925,526.15) (953,714,744.57)9,008,471,300.46

Net cash from financing activities Increase in net cash and cash equivalent Beginning cash and cash equivalent Ending cash and cash equivalent 7.1

17,500,905,927.34 (256,846,696.13)1,328,958,784.731,072,112,088.60

16,911,530,602.32 537,241,166.58 791,717,618.15

1,328,958,784.73

17,500,905,927.34 (256,846,696.13)1,328,958,784.731,072,112,088.60

16,911,530,602.32 537,241,166.58 791,717,618.15

1,328,958,784.73

The accompanying notes are an integral part of These financial statements.






110

Mass Rapid Transit Authority of Thailand Notes to Financial Statements For the year ended 30 September 2012 and 2011

1. General Information The Mass Rapid Transit Authority of Thailand (MRTA) was established on 2 December 2000 under the Mass Rapid Transit Authority

of Thailand ACT B.E. 2543 (2000). MRTA was assigned business, property, rights, liabilities, and responsibilities, as well as the budget

of the Metropolitan Rapid Transit Authority under the Royal Decree Establishing the Metropolitan Rapid Transit Authority B.E. 2535

(1992) existing on the effective date of the Act. The objectives of MRTA are as follows:

1. Carry on the business of mass rapid transit in Bangkok and its vicinity, including other provinces as prescribed by the Royal

Decree, as well as inter-province routes;

2. Study, analyze, and prepare projects or plans for improving and modernize advance mass rapid transit business.

3. Operate business concerning mass rapid transit business and other business for the benefits of MRTA and passengers of MRTA.

Located at No. 175, Rama 9 Road, Huay Kwang, Bangkok 10320

On 1 August 2000, MRTA granted concession to Bangkok Metro Public Company Limited (BMCL) under the Contract on MRT

Chaloem Ratchamongkhon Line Project (concession contract) to be the investor in the MRT system and provide service of MRT

ChaloemRatchamongkhonLine(HuaLamphong-QueenSirikitNationalConventionCenter-BangSue).The25-yearconcession

started on 2 July 2004, which is the date on which MRTA issued a Notice of No Objection to the provision of service which generates

income, with consent from the cabinet on 2 March 2000. The MRT opened for service on 3 July 2004.

Under theconcessioncontract,BMCL is requiredtopay remunerationtoMRTA inaccordancewith the ratespecified

thereunder, consisting of fares, revenue from commercial development, remuneration from the profits exceeding the specified rate

and share in the benefits as a result of BMCL taking loan with lower interest rate than that specified under the contract.

2. Basis for Preparation and Presentation of Financial Statements The financial statements are prepared in accordance with generally accepted accounting principles under the Accounting

Act B.E. 2543. Presentation of particulars in the financial statements is in accordance with the Accounting Standard No. 1 (amended

in 2009) re: Presentation of Financial Statements and Notification of the Department of Business Development re: Specification of

Particulars to be Included in the Financial Statements B.E. 2011 dated 28 September 2011.

3. Compliance with New or Amended Accounting Standards 3.1 Accounting Standard, Financial Report Standards, Interpretation of Accounting Standards and new Financial Report

Standards, including Account Master Plan, and Revised Accounting Standards and Financial Report Standards

In 2010, the Federation of Accounting Professions issue new Accounting Standards, Financial Report Standards, Interpretation of

Accounting Standards, and new Financial Report Standards, which have been announced in the Government Gazette, as follows:

Effective on 26 May 2010

- Accounting Master Plan (revised in 2009)

Effective for accounting period commencing on or after 1 January 2011

- Accounting Standards No. 1 (revised in 2009) on presentation of financial statements,

- Accounting Standards No. 2 (revised in 2009 on Inventories,

- Accounting Standards No. 7 (revised in 2009) on cash flows,

- Accounting Standards No. 8 (revised in 2009) on accounting policy, changes in accounting estimates

and errors,

- Accounting Standards No. 10 (revised in 2009) on incidents after reporting cycles,

- Accounting Standards No. 11 (revised in 2009) on construction agreements,


111

Mass Rapid Transit Authority of Thailand Notes to Financial Statements For the year ended 30 September 2012 and 2011

- Accounting Standards No. 16 (revised in 2009) on land, buildings and equipment,

- Accounting Standards No. 17 (revised in 2009) on rent agreements,

- Accounting Standards No. 18 (revised in 2009) on revenues,

- Accounting Standards No. 19 on employees’ benefits,

- Accounting Standards No. 23 (revised in 2009) on costs of loans,

- Accounting Standards No. 24 (revised in 2009) on disclosure of information about related persons or enterprises

- Accounting Standards No. 26 on accounting and benefit report after resignation,

- Accounting Standards No. 27 (revised in 2009) on overall financial statements and financial statements for specific enterprises,

- Accounting Standards No. 28 (revised in 2009) on investment in affiliated companies,

- Accounting Standards No. 29 on financial reports in serious inflation conditions,

- Accounting Standards No. 31 (revised in 2009) on interests in joint ventures,

- Accounting Standards No. 33 (revised in 2009) on profit per share,

- Accounting Standards No. 34 (revised in 2009) on interim financial

- Accounting Standards No. 36 (revised in 2009) on asset impairment,

- Accounting Standards No. 37 (revised in 2009) on liability estimates, possible

- Accounting Standards No. 38 (revised in 2009) on intangible assets,

- Accounting Standards No. 40 (revised in 2009) on real estate for investment,

- Financial Report Standards No. 2 on spending based on shares,

- Financial Report Standards No. 3 (revised in 2009) on business combinations,

- Financial Report Standards No. 5 (revised in 2009) on non-current assets held for sale and aborted operations,

- Financial Report Standards No. 6 on exploration and assessment of mineral resources,

- Financial Report Standards for Financial Report Standards for Non - Publicly Accountable Entities (NPAEs)

- Interpretation of Accounting Standards No. 31 on revenue - Barter transactions involving advertising services.

- Interpretation of Financial Report Standards No. 15 on real estate construction agreements.

However, the management has evaluated and feels that the Accounting Standards No. 2 (revised in 2009), No. 12, No. 29, No.

31 (revised in 2009), No. 33 (revised in 2009), Financial Report Standards No. 2, No. 3 (revised in 2009), No. 5 (revised in 2009), and

No. 6 Financial Report Standards for Financial Report Standards for Non-Publicly Accountable Entities (NPAEs), and Interpretation of

Financial Report Standards No. 31are not related to MRTA’s business.

3.2 New Accounting Standards, new Financial Report Standard, and revised Accounting Standards not yet effective

Effective for the financial period commencing on or after 1 January 2013

- Accounting Standards No. 12 on income tax,

- Accounting Standards No. 20 (revised in 2009) on accounting for government subsidy and disclosure of

information concerning government aides,

- Accounting Standards No. 21 (revised in 2009) on impact from the exchange rate change.

- Interpretation of Accounting Standards No. 10 on help from the government - in the case of no specific

connection with the operation activities;

- Interpretation of Accounting Standards No. 21 on income tax - Recovery of Revalued Non-Depreciable Assets

- Interpretation of Accounting Standards No. 25 on Changes in the Tax Status of an Enterprise or its

Shareholder


112

Effective for the financial period commencing on or after 1 January 2014

- Interpretation of Accounting Standards No. 29 on disclosure of information on service

concession

- Interpretation of Financial Report Standards No. 4 on whether an agreement constitutes

a lease

- Interpretation of Financial Report Standards No. 12 on service concession agreement

- Interpretation of Financial Report Standards No. 13 on Customer Privilege Program

The administrative department has evaluated and found that such revised accounting standards, new accounting standards,

interpretation of accounting standards and new interpretation of accounting standards will not significantly affect the financial

statements for the year in which such account standards become effective.

4. Significant Changes Compliance with the revised accounting standards and financial report standards causes the following significant changes:

4.1 Presentation of Financial Statements

Accounting Standard No. 1 (revised in 2009) on presentation of financial standards: under the terms thereof, presentation of

financial statements contain statement of financial position, statement of comprehensive income, statements of changes in owners’

equity, statement of cash flow, and notes to financial statements, have been changed. This affect the reclassification of financial

statements for the year ended 30 September 2012 and year ended 30 September 2011, compared in clause 5 of the notes to

financial statements.

4.2 Employees’ Benefits

Accounting Standard No. 19 on employees’ benefits specify that the valuation of post-employment benefits and other long-

term benefits are calculated by actuarial principles. MRTA chooses to recognize the past employee benefit obligations in whole,

adjusted with the accumulated lost carried forward from beginning of 2012. The implantation of such Accounting Standard caused

the accumulated cost carried forward to increase by Baht 102.81 million, obligation of employees benefits as of 30 September 2012

to increase by Baht 111.46 million, expense of employees benefits for the current period to be Baht 12.45 million, and actuarial gains

of Baht 0.21 million, as detailed in 7.18 of the notes to financial statements.

5. Reclassification The Financial Statements for year ended 30 September 2011 has been reclassified to be consistent with the financial statements

for the year ended 30 September 2012, as follows:

Financial statements with investment

presented by equity method

Unit:MillionBaht

Separate financial statements with

investment presented by cost method

Statement of Financial Position

As previously reported


Reclassification

Trade and other receivables



Accountreceivables-EXAT


67.43

9.07

58.36

429.74

33,861.28

67.43

9.07

58.36

429.74

33,861.28


113

Financial statements with investment

presented by equity method

Unit:MillionBaht

Separate financial statements with

investment presented by cost method

Reclassification


Intangible assets



Reclassification

Other creditors

Deposit and performance bond


Statement of Comprehensive Income


Subsidiaries

Loan interest under government responsibility

Reclassification

Subsidiaries


Administrative expense

Reclassification

Personnel cost

Other expense


Interest payable of construction expense for

MRT Chaloem Ratchamongkhon Project

Interest payable responsible by the Government

Reclassification

Financial cost

34,271.10

19.92

575.53

49.44

506.28

19.81

409.58

31.49

441.07

459.91

280.71

179.20

833.02

31.49

864.51

34,271.10

19.92

575.53

49.44

506.28

19.81

409.58

31.49

441.07

459.91

280.71

179.20

833.02

31.49

864.51

6. Summary of Significant Accounting Policies6.1 Cash and Cash Equivalent

Means cash and deposit at the bank with not more than three months of payment period and with no obligation

6.2 Trade and other receivables

Account receivables are initially recognized by expected value and subsequently with remaining amount from deducting allowance

for doubtful accounts, estimated from checking up the remaining amount as of the end of the period. Allowance for doubtful account

means the difference between the book value of the account receivables and expected value estimated to receive from the account

receivables, depending on the experience in collection and status of outstanding receivables as of the date of the statement of financial

position. Bad debts are recognized in the statement of comprehensive income, and shall be considered as part of operating expense.

6.3 Investment in associated undertakings

Investment in associate is presented by equity method in accordance with the proportion of investment in the associates. The

separate financial statements presents the investment value by cost method.


114

6.4 Land, Building and Equipment

Land, presented in accordance with the cost price as of the date of purchase or receipt plus expenses from land acquisition.

Building and equipment, presented in accordance with the cost price as the date of purchase or receipt or completion, less the

accumulated depreciation and impairment of assets. Equipment with a unit price of not exceeding Baht 30,000, recognized as

expense as a whole and recorded accordingly in control book. Depreciation is calculated based on a straight-line method, to write

off the cost of each classification of assets over its estimated useful life without scrap value as follows:

UsefulLife(years)ofAssets

Vehicle and equipment

Tunnel, station box structures and entrances - exit, etc.

Elevated concrete platform, canal, bridge, and dam

Building, bridge and entrance-exit of Park and Ride Facility

Architectural works, trackwork and mechanical and

electrical work

5-10

100

80

20-50

20-30

Assets received from donation and used in the operation are recognized as income awaiting recognition, which shall be

recognized as income in accordance with useful life of assets.

6.5 Work in Process

Entries recognized on the work acceptance date by the Inspection and Acceptance Committee.

6.6 Intangible Assets

Intangible assets are software license and cost directly relating to identifiable and unique program which can be separated from

the computer, of which the cost can be precisely identified. Intangible assets are presented in cost price less accumulated amortization

and impairment of assets, amortization calculated by straight-line method in accordance with the useful life within five years.

Expenses arising from development and maintenance of computer programs shall be recognized as expenses in the statement

of comprehensive income

6.7 Right to use underground space for project construction

Construction of the mass rapid transit system includes construction of underground tunnels without transferring of title to the land,

but is subject to burden in the land under the Act on Procurement of Immovable Property for Mass Transit Business B.E. 2542 (1999)

and Ministerial Regulation No. 2 (B.E. 2542) issued under the Act on Procurement of Immovable Property for Mass Transit Business B.E. 2542

(1999) . This is considered right to use underground space which is shown as cost without amortization because of the unlimited period.

6.8 Deferred long-term leasehold

This is shown in cost price less accumulated amortization and allowance for impairment of assets. Accumulated amortization is

calculated by a straight-line method.

6.9 Foreign Loan

Transactions in foreign currency would be converted by the average exchange rate of the Bank of Thailand on the date of

transaction, except for long-term international loan with exchange derivatives with Krungthai Bank, which shall be converted by

the average exchange rate of Krungthai Bank as of the date of receipt of loan.

Assets and liabilities which are remaining foreign currency as of the end of the fiscal period, shall be converted to Thai Baht using the

closing rate which is the average purchase rate and sale rate of commercial banks in accordance with the announcement of the Bank of

Thailand on such day. Profit or loss from the exchange rate is recognized as income or expense in the statement of comprehensive income.

6.10 Benefits of Employees

Post-employment benefits

Post-employment benefits of MRTA employees consist of defined contribution plan and benefit plan.


115

Defined contribution plan

Defined contribution plan: a provident fund for MRTA employees has been established and registered, and has paid contribution

to a separate business. MRTA has no legal obligation or implied obligation to pay additional contribution if the fund does not have

sufficient assets to settle the obligation arising from provision of service by staff, both in the current period or previous period.

Benefit Plan

Benefit plan is not a contribution plan, but a retirement plan for employees 60 years of age. Generally, the benefit plan specifies

the amount of benefit an employee is entitled to upon retirement. Such amount depends on one or more factors such as age, year

of service, remuneration, etc.

MRTA offers a post-employment benefit plan. The benefits which the employees are entitled to are remuneration in accordance

with relevant law, under the notification of Committee on State Enterprise Labour Relations or Thai labour law. The amount of such

remuneration shall depend on the salary base and year of service at MRTA as of the last day of employment.

The benefits of the retirement plan for employees 60 years of age: retired employees are entitled to the following remuneration:

retiring employees who have worked for five years but fewer than 15 years shall be entitled to remuneration equaling to 180 days

of the last wage rate, and employees who have worked for 15 years or more shall be entitled to 300 days of the last wage rate.

Liabilities arising from the terms concerning post-employment benefits is calculated by the actuary using the projected unit

credit method. The current value of the obligation from such benefit plan is specified by discounting the cash flow to be paid in the

future with the interest rate of government bond in the same currency as the benefits to be paid to the employees. Such shall also

have similar conditions and maturity date as the conditions of the obligation of the post-employment benefits.

Profits and loss from actuarial estimate of the benefit plan will be recognized as comprehensive profit or loss in the period which

such transaction occurs.

6.11 Government subsidies

are recognized as capital except Government subsidy for administrative expense and interest incurred on loan for land acquisition for

the Chaloem Ratchamongkhon Line. Government subsidy for interest incurred on loan for purchase of BMCL shares are recognized as income.

6.12 Recognition of Revenues

Government subsidies are recognized as income in the amount equal to the amount of loan interest for land expropriation

expenditures, administrative management expenses and purchase of BMCL shares.

Income from grant of concession, income from kiosks, and income from permission to use immovable property are recognized

as income in accordance with the term and remuneration rate specified in the contract/agreement.

Income from provision of parking lot is recognized as income from provision of service.

Interest income is recognized on a time basis, taking into account the effective yield on the asset.

Other Income are recognized on accrual basis.

6.13 Recognition of Expense

Expenses are recognized on accrual basis.

6.14 Borrowing Costs

Borrowing costs include interest and other costs arising from borrowing. Borrowing cost concerning acquisition, construction, or

production of assets which meet the criteria will be included as part of the cost of such assets until the most of the necessary action for

preparing, constructing or producing the assets is completed and ready for use for its intended purpose.

Capitalization rate used for calculation of borrowing costs which make up the cost price of an asset is the average interest rate of

the loan balance during the year. In the case that there is borrowing, especially for construction or production of assets, the borrowing

cost which make up the cost price of an asset is the actual borrowing costs within the year of such loan less income from temporarily

using such loan for investment.

Other borrowing expenses are considered expenses in the period in which the transaction occurs


116

6.15 Provident Fund

Provident Fund of the MRTA Staff Members was established under the Provident Fund Act B.E.2530 on 23 August 1995. Members

are required to pay the savings into the Fund through MRTA’s deduction from the salaries at the rate of 3% to 9% while MRTA shall

pay contribution to the Fund at the rate of 9% of its members’ salaries. Such contribution is recognized as expense in the period in

which such transaction occurs. This fund is separate from MRTA and is managed by a provident fund manager under the supervision

of the Provident Fund Committee.

6.16 Impairment of Assets

Impairment of assets are revised when there is an event or situation which indicates that the book value may be higher than

the value expected to be retrieved. Loss entries from impairment will be recognized when the book value of an asset is higher

than the expected value to be retrieved. This means the difference between the fair price less sake cost, and the value from asset

utilization. Assets will be the smallest group which can be separated for the purpose of assessing impairment of assets. The assets

which have been recognized with loss from impairment of assets will be evaluated to determine possibility of reversing the entries

as of the date of the statement of financial position.

6.17 Related Person or Business

A person or business related to MRTA means a person or business with control over MRTA or which is controlled by MRTA, whether

directly or indirectly, or is under the same controlling authority as MRTA. This includes subsidiary company and business which is a

subsidiary company under the same group, a company with interest and in turn, significant influence in MRTA, or a company with

joint controlling authority. Also, related person or business include associated company, joint venture participated by MRTA, and

business which important executive or director of MRTA has controlling power or joint controlling power, or a significant influence

in, whether directly or indirectly.

Relation between related person or business and MRTA is considered by its subject matter rather than legal form.

7. Additional Information 7.1 Cash and Cash Equivalent

7.2 Due government subsidiaries:

subsidiaries from the government for payment of interest and fees accruing upon the loan for construction of MRT project lines,

as follows:

Unit:MillionBaht

Financial statements with investment presented by equity method/

Separate financial statements with investment presented by cost method

2012 2011

Cash

Cash in bank

Current account

Saving account

3-month fixed account

Total

0.12

(201.05)

438.29

834.75

1,072.11

0.13

(75.85)

705.91

698.77

1,328.96


117

2012 2011

Domestic loan

International loan

Total Domestic loan

International loan

Total

Interest payable on loan for construction of

-The M.R.T. Chaloem Ratchamonkhon Line

-The Purple Line Project: Bang Yai - Bang Sue

-The Blue Line Project: Hua Lamphong - Bang

Kae Section and Bang Sue - Tha Phra Sections

-The Green Line Project: Bearing - Samutprakarn

Sections

Total

Fees for extension of loan under loan extension

agreement between the Ministry of Finance and MRTA

-The Blue Line Project: Hua Lamphong - Bang Kae Section

-The Blue Line Project: Bang Sue - Tha Phra Section

-The Green Line Project: Bearing - Samutprakarn

Section

Total

Commitment Charge

-The Purple Line Project: Bang Yai - Bang Sue Section

Total

Interest on loan for purchase of BMCL shares

7.42

-

159.19

7.80

174.41

14.84

13.78

1.16

29.78

-

-

-

82.74

82.77

-

-

165.51

-

-

-

-

3.81

3.81

-

90.16

82.77

159.19

7.80

339.92

14.84

13.78

1.16

29.78

3.81

3.81

-

7.42

-

49.81

-

57.23

-

-

-

-

-

-

1.02

88.43

54.43

-

-

142.86

-

-

-

-

6.39

6.39

-

95.85

54.43

49.81

-

200.09

-

-

-

-

6.39

6.39

1.02

Total 204.19 169.32 373.51 58.25 149.25 207.50

7.3 Land Acquisition Cost in Process in the amount of Baht 89.66 million, Baht 0.19 million of which are compensation for

land, constructions, agricultural yield, and burden in immovable property of M.R.T. Chaloem Ratchamongkhon Line Project and

Baht 10.23 million of which are for the Purple Line Project: Bang Yai - Bang Sue Section; Baht 60.64 million for the Blue Line Project:

Hua Lamphong - Bang Khae Section and Bang Sue - Tha Phra Section; and Baht 18.60 million for the Green Line: Bearing -

Samutprakarn Section. These costs are now under payment process to persons affected by land acquisition. The amount will be

recorded in the land acquisition cost in process account paired with the accrued land expropriation expense account

7.4 Bank deposit - land acquisition cost in the amount of Baht 1,288.58 million as compensation for land, constructions,

agricultural yield, and burden in immovable property of which the owner does not agree to make agreement with MRTA within

the period specified by the law. MRTA deposits some money for land acquisition at the bank in accordance with the Expropriation

Act B.E. 2530 and the Act on Procurement of Immovable Property for Mass Transit Business B.E. 2540 for payment to land owner in

the future. Such amount will be recorded by pairing with land acquisition cost to be paid in the future.

Unit:MillionBaht




118

7.5 Other current assets

Unit:MillionBaht



2012 2011

VAT

Office supplies

Unduepurchasetax

Live assets

16.91

0.55

113.96

0.66

16.86

0.44

40.29

0.77

Total 132.08 58.36

7.6 Advance

Unit:MillionBaht



2012 2011

The Purple Line Project: Bang Yai - Bang Sue Section

Construction contract

Consultant contract

2,285.04

51.43

3,216.95

90.76 Total 2,336.47 3,307.71

The Blue Line Project : Hua Lamphong - Bang Khae

and Bang Sue - Tha Phra Sections


Consultant contract

Construction control consultant contract

4,653.03

46.66

77.75

4,732.28

67.86

113.09 Total 4,777.44 4,913.23

The Green Line Project: Bearing - Samutprakarn Section


Consultant contract

1,148.37

56.41

-

-

Total 1,204.78 -

Grand Total 8,318.69 8,220.94


119

7.7 Investment in Associated Undertakings

MRTA invests in ordinary shares of Bangkok Metro Public Company Limited, which operates the M.R.T. Chaloem Ratchamongkhon

Line and commercial development business. BMCL’s paid-up capital is Baht 11,950 million. MRTA holds 25% of the paid-up capital

in the amount of Baht 2,987.60 million. On 31 May 2005, the Cabinet passed a resolution approving the investment budget in the

amount of Baht 2,600 million for the share purchase. Subsequently, when BMCL issued newly issued shares, MRTA further invested

Baht 387.50 million in accordance with the cabinet resolution dated 24 January 2006. The Ministry of Finance procured loan for

purchase of such shares as follows:

Unit:MillionBaht

2012 2011

Investment by cost method

Investment by equity method

Revenue from dividend

Market price of Bangkok Metro Public Company Limited

2,987.50

1,008.02

-

1,852.25

2,987.50

1,313.85

-

1,673.00

Summary of Financial Information of Bangkok Metro Public Company Limited

Unit:MillionBaht

2012 2011

Assets

Liabilities

Income

Loss

18,246.67

17,205.11

566.42

(318.31)

18,562.03

16,297.33

509.99

(256.13)

Related transactions

Unit:MillionBaht

2012 2011

Account Receivables

Income from granting of concession

Share of loss from investment by equity method

6.31

41.18

(305.84)

1.61

31.50

(273.96)


120 Land cost in the amount of Baht 37,261.81 million, represents the cost of land expropriated under the Expropriation Act B.E. 2530

and the Act on Expropriation of Immovable Property for the Construction of M.R.T. Chaloem Ratchamongkhon Project in Bang Sue,

Chatuchak, Huay Kwang, Din Daeng, Rajathevi, Wattana. Khlong Toey, Pathumwan, and Sathorn in Bangkok B.E. 2552. The M.R.T.

projects are as follows:

7.8 Land, building, and equipment

Land Building and

extension

Power, water supply and

communications system

Vehicle Office supplies and equipment

Computer equipment

Total

Cost Price

As of 1 October 2011

- Manage land acquisition

As of 30 September 2012

Accumulated depreciation


- depreciation


Book value


33,903.43

-

3,358.38

37,261.81

-

-

-

37,261.81

277.76

-

-

277.76

(44.71)

(13.98)

(58.69)

219.07

80.98

-

-

80.98

(2.87)

(5.73)

(8.60)

72.38

10.23

-

-

10.23

(8.23)

(1.51)

(9.74)

0.49

66.74

0.74

-

67.48

(27.67)

(6.48)

(34.15)

33.33

39.89

1.56

-

41.45

(24.45)

(4.34)

(28.79)

12.66

34,379.03

2.30

3,358.38

37,739.71

(107.93)

(32.04)

(139.97)

37,599.74

As of 30 September 2011 33,903.43 233.05 78.11 2.00 39.07 15.45 34,271.10

Unit:MillionBaht



Unit:MillionBaht


Separate financial statements with investment

presented by cost method

2012 2011

Land acquisition by

ExpresswayAuthorityofThailand(EXAT)andMRTA

TheM.R.T.ChaloemRatchamongkhonLine-managementoflandtitlebyEXAT

- management of land title by MRTA

Land acquisition by MRTA

The Purple Line Project: Bang Yai - Bang Sue Section

The Green Line Project: Bearing - Samutprakarn Section

The Blue Line Project: Hua Lamphong - Bang Khae Section

The Blue Line Project: Bang Sue - Tha Phra Section

17,489.27

6,678.84

8,165.72

989.61

3,547.58

390.79

17,470.74

6,663.12

8,065.79

518.05

1,175.17

10.56

Total 37,261.81 33,903.43

- Buy/accept donations of assets


121

Asof30September2012and2011,outofthelandexpropriationcarriedoutbyEXATunderthecabinetresolutiondated11

March1992and28July1995intheamountofBaht17,489.27millionandBaht17,470.74million.,EXAThasnottransferredtheland

titles to MRTA in the amount of Baht 326.05 million and 429.74 million, respectively.

Some land owners who are still not satisfied with the compensation filed complaints with the court and legal proceedings are

being carried out. The court may order MRTA to increase the compensation to be paid to the land owners as described in Note

7.23 to the Financial Statements.

7.9 Assets of M.R.T. Chaloem Ratchamongkhon Project

Tunnel and Civil

Construction Work

Platform, canal, dam

Building, overpass

and entrance at Park and Ride facility

Track work Other (Architectural

work, mechanical and electrical systems, etc.)

Total

Cost price


Assets increased

As of 30 September

2012

Accumulated depreciation


depreciation

As of 30 September

2012

Book value

43,834.31

-

43,834.31

(3,177.98)

(438.35)

(3,616.33)

4,914.75

-

4,914.75

(445.40)

(61.43)

(506.83)

1,312.07

-

1,312.07

(189.63)

(26.24)

(215.87)

2,770.16

-

2,770.16

(669.46)

(92.34)

(761.80)

25,201.25

-

25,201.25

(9,129.94)

(1,260.06)

(10,390.00)

78,032.54

-

78,032.54

(13,612.41)

(1,878.42)

(15,490.83)

As of 30 September

2012

40,217.98 4,407.92 1,096.20 2,008.36 14,811.25 62,541.71

As of 30 September

2011

40,656.33 4,469.35 1,122.44 2,100.70 16,071.31 64,420.13

Unit:MillionBaht




122

7.10 Work in process

Unit:MillionBaht



1 Oct 11 Increased by 30 Sep 12

Construction of the Purple Line Project: Bang Yai - Ratburana

Bang Yai - Bang Sue Section

Consultant fee

Construction expense

Interest on loan

743.84

9,145.14

151.66

324.40

5,367.72

205.58

1,068.24

14,512.86

357.24

Total 10,040.64 5,897.70 15,938.34Construction of the Purple Line Project: Bang Yai - Ratburana

Bang Sue - Ratburana Section

Consultant fee 161.70 - 161.70Total 161.70 - 161.70

Construction of the Blue Line Project:

Hua Lamphong - Bang Kae Section

Consultant fee

Construction cost

Interest payable on loan

Loan fee

307.57

1,812.60

25.83

-

172.45

5,967.42

179.31

16.89

480.02

7,780.02

205.14

16.89

Total 2,146.00 6,336.07 8,482.07

Construction of the Blue Line Project:

Bang Sue - Tha Phra Section

Consultant fee

Construction cost


Loan fee

285.60

212.13

23.98

-

160.13

2,405.51

166.51

15.68

445.73

2,617.64

190.49

15.68Total 521.71 2,747.83 3,269.54

Construction of the Orange Line Project: Bangkapi - Bang Bamru

Section and Taling Chan - Minburi Section

Consultant fee 194.04 27.94 221.98Total 194.04 27.94 221.98

Construction of the Green Line Project:

Mo Chit - Saphan Mai Section

Consultant fee 2.19 - 2.19Total 2.19 - 2.19


Bearing - Samutprakarn Section

Consultant fee

Construction cost


Loan fee

4.41

-

-

-

39.50

112.78

19.03

1.16

43.91

112.78

19.03

1.16Total 4.41 172.47 176.88


123

7.11 Intangible assets

Unit:MillionBaht



2012 2011

Cost price 48.24 45.17

Accumulated amortization (29.72) (25.26)

Book value 18.52 19.91

7.12 Deferred long-term leasehold intheamountofBaht40.08millionistherentalfeeoflandleasedbyChulalongkornUniversity

for a 30-year term for the construction of entrance of Samyan Station and intervention shaft. This also includes compensation for

building, demolition, transportation, business revenue loss and other expenses, totaling Baht 75.95 million. The amortization is Baht

2.53 million per annum and the outstanding balance therefor is Baht 35.87 million.

7.13 Account Payable - Work in Process

Unit:MillionBaht




Construction of the Pink Line Project: Khae Rai - Minburi Section

Consultant fee - 2.48 2.48 Total - 2.48 2.48 Grand Total 13,070.69 15,184.49 28,255.18

Unit:MillionBaht



2012 2011

Account payable - Consultant fee

Asian Engineering Consultants Corp., Ltd. 9.45 15.75

Chotichinda Mouchel Consultants Limited 5.10 9.02

D2 Consult Asia Co., Ltd. 2.77 4.21

D2ConsultIngenieureZT-GmbH 0.10 0.17

DB International GmbH 0.46 0.78

MAA Consultants Co., Ltd. 12.74 19.24

Moh and Associates, Inc. 2.20 3.19

Norciv Engineering Co., Ltd. 2.09 2.98

PCBK International Co., Ltd. 5.10 8.70

Tesco Limited (TES) 5.09 7.27


124

Unit:MillionBaht



2555 2554

Thai Engineering Consultants Co., Ltd. 1.10 1.90

Tonichi Engineering Consultants, Inc. 0.22 -

Wishakorn Co., Ltd. 1.10 1.90

Wisit Engineering Consultants Co., Ltd. 1.10 1.90

C Consult Engineering Co., Ltd. 0.07 -

Dorsch Consult Asia Co., Ltd. 1.38 2.77

Team Consulting Engineering and Management Co., Ltd. 2.13 -

Team Logistics and Transport Co., Ltd. 0.24 -Nippon Koei Co., Ltd. 1.62 2.32

Project Planning Service Co., Ltd. 0.80 1.60

P.P.S.N. Co., Ltd. 0.82 1.63

Merlin's Solutions International Co., Ltd. 0.27 0.54

UtilityDesignConsultantCo.,Ltd. 2.16 1.58

Lanna Engineering Consultant Co., Ltd. 2.54 5.09

Arun Chaiseree Consulting Engineers Co., Ltd. 1.79 3.59

Index International Group Co., Ltd. 3.39 6.78

Epsilon Co., Ltd. 3.08 4.41

Asdecon Corporation Co., Ltd. 1.57 -

Total 70.48 107.32

Account Payable - Construction cost

CKTC Joint Venture 215.49 358.11

PAR Joint Venture 144.42 66.61

Ch.Karnchang PCL 597.94 193.05

Sino-Thai Engineering and Construction PCL 619.24 808.85

Italian Thai Development PCL 339.52 248.59

SH-UNJointVenture 426.67 44.07

Total 2,343.28 1,719.28

Grand Total 2,413.76 1,826.60

7.14 Other account payablesUnit:MillionBaht



2012 2011

Other account payables 40.35 28.25

Expense in procuring outstanding loan 33.59 6.39

Deposit and advance 16.75 13.91

Other outstanding expense 1.00 0.89

Total 91.69 49.44


125

7.16 Unearned Rental Right Revenue in the amount of Baht 2.54 million as remuneration for rights to operate business on

Kamphaengphet Station and the Interchange connection with Sukhumvit Station in the amount of Baht 41.82 million, out of which

39.28 have been recognized as income.

7.17 Long-term Loan

2012

International loanMillion Yen

International loanMillion Baht

Domestic loanMillion Baht

TotalMillion Baht

Loan

Bond

Total

Deduct amount payable within one year

214,476.61

-

214,476.61

8,372.68

86,128.23

-

86,181.97

3,440.15

15,155.95

1,000.00

16,155.95

1,000.00

101,284.18

1,000.00

102,284.18

4,362.25

Remaining Long-term Loan 206,103.93 82,765.98 15,155.95 97,921.93

Unit:MillionBaht



Unit:MillionBaht



2012 2011

Bond Interest 7.42 7.42

Loan Interest 332.27 193.69

Total 339.69 201.11

7.15 Outstanding Interest

2011

International loanMillion Yen

International loanMillion Baht

Domestic loanMillion Baht

TotalMillion Baht

Loan

Bond

Total

Deduct amount payable within one year

209,750.76

-

209,750.76

8,372.68

86,181.97

-

86,181.97

3,440.15

7,415.13

1,000.00

8,415.13

987.50

93,597.10

1,000.00

94,597.10

4,427.65

Remaining Long-term Loan 201,378.08 82,741.82 7,427.63 90,169.45


126

International loan for the construction of the Purple Line Project: Bang Yai - Ratburana, Bang Yai - Bang Sue Section

Loan

Agreement

No. (date)

Lender Credit limit

Million Yen

Remaining

Million Yen

Interest rate

percent per

annum

Commitment

Charge percent

per annum

Loan period

(graceperiod)

year

Maturity

date

TXXX-1 JICA 57,935.00 42,610.91 1.4 0.1 25 (7) 2033(31 Mar 08)

TXXX-1(A) JICA 4,507.00 1,842.29 0.01 0.1 25 (7) 2033(31 Mar 08)

Total 62,442.00 44,453.20

Total International loan 284,868.00 214,476.61

International loan for Construction of MRT

Loan

Agreement

No. (date)

Lender Credit limit

(Million Baht)

Disbursed

(Million Baht)

Interest rate

(percent

per annum)

Loan period

(year)

Maturity

date

1-Khor/2011 Ministry of Finance 4,000.00 4,000.00 3.671 4 2015

(30 May 11) 4,000.00 4,000.00 3.691 4 2015


(28 Oct 11) 3,000.00 2,803.90 3.631 4 2016


(3 Feb 12)

Total 16,000.00 15,155.95

Details Supporting Long-term Loan

International loan for Construction of M.R.T Chaloem Ratchamongkhon Line Loan

Agreement

No. (date)

Lender Credit limit

Million Yen

Remaining

Million Yen

Interest rate

percent

per annum

Commitment

Charge percent

per annum

Loan period

(graceperiod)

year

Due date

TXXI-4 JICA 26,586.00 12,933.70 2.7 - 25 (7) 2021(27 Sep 96)

TXXII-3 JICA 32,418.00 17,499.59 2.7 - 25 (7) 2022(30 Sep 97)TXXII-3(A) JICA 241.00 169.15 0.75 - 40 (10) 2037(30 Sep 97)TXXIII-3 JICA 29,792.00 25,396.38 0.75 - 40 (10) 2038

(31 Jul 98)TXXIII-6 JICA 23,343.00 19,898.94 0.75 - 40 (10) 2038

(30 Sep 98)TXXIV-1 JICA 64,228.00 56,793.42 0.75 - 40 (10) 2039

(29 Sep 99)TXXV-3 JICA 45,818.00 37,332.23 0.75 - 40 (10) 2040

(22 Sep 99)Total 222,426.00 170,023.41

Bond

MRTA issued MRTA bonds No. 2 B.E. 2546 with the credit limit of Baht 1,000 million, with the term of 10 years and interest rate of

2.6288%, under the cabinet resolution dated 9 October 2001.


127

Assumption for actuarial estimation

Discount Rate 3.05 – 4.27 %, varied by age of employee

Salary increase rate 6.00% per annum

Mortalityrate UndertheThaiMortalityTable2008,theaveragemortalityrateof

male - female is 4.01% per annum

7.19 Capital

Unit:MillionBaht

Financial statements with investment presented by equity method /


Employee benefit obligations as of 1 October 2011 102.81

Employee benefit obligation for the present fiscal period 8.67

Interest cost 3.78 12.45

Benefits paid during the year (3.59)

Profit from actuarial estimation (0.21)

Employee benefit obligation as of 30 September 2012 111.46

Unit:MillionBaht




Initial capital 945.96 - 945.96

Subsidy-landcoststransferredfromEXAT 8,220.72 - 8,220.72

Subsidy to repay loan principal

Land acquisition for M.R.T. Chaloem Ratchamongkhon Line 16,989.06 35.17 17,024.23

Purchase of BMCL shares 2,987.50 - 2,987.50

Subsidy - payment of loan principal and interest for

construction of M.R.T. Chaloem Ratchamongkhon Line 22,617.66 5,005.56 27,623.22

Subsidy - payment of loan principal and interest for Consultant fee

the Purple Line Project: Bang Yai - Bang Sue Section 467.19 221.12 688.31

the Blue Line Project: Hua Lamphong - Bang Kae Section and Bang Sue - Tha Phra Section

49.81 345.82 395.63

the Green Line Project: Bearing - Samutprakarn Section 19.26 19.26

The Orange Line Project: Bangkapi - Bangbamru Section and Taling Chan - Minburi Section

- 25.15 25.15

Subsidy - land acquisition

the Purple Line Project: Bang Yai - Bang Sue Section 8,140.43 87.82 8,228.25

the Blue Line Project: Hua Lamphong - Bang Kae Section 1,643.40 2,808.21 4,451.61

the Green Line Project: Bearing - Samutprakarn Section 518.13 474.87 993.00

7.18 Employee Benefit Obligation

Change in current value of obligation of employee benefits


128

Unit:MillionBaht



2012 2011

Percentage of remuneration

from fares (1%) 17.04 17.21

Remuneration from commercial development

Annual remuneration from commercial development 18.69 9.34

percentage of remuneration (7%) 5.45 4.95

Total 41.18 31.50

Undertheconcessioncontract,MRTAwillreceivethefollowingremuneration:

Remuneration from fares

Annual remuneration

BMCL agrees to share the income from fares with MRTA from the 11th year of service, which will results in a total income of Baht 43,567

million until the termination of contract (including VAT). Each year, the share will be in accordance with the amount specified in the contract.

Percentage remuneration

BMCL agrees to share income with MRTA in percentage of income from fares (including VAT) from the year which the service starts

to generate income, that is year 1 to year 14 at the rate of 1%, year 15 at the rate of 2%, year 16 to year 18 at the rate of 5% and year

19 to year 25, at the rate of 15%, paid monthly.

Remuneration from commercial development

Annual remuneration

BMCL agrees to share income from commercial development with MRTA annually throughout the term of the contract in the amount

of Baht 930 million (including VAT) from the first year the service generates income, that is Baht 10 million per year for year 1 to year 8

and 50 million baht per year for year 9 to year 25.

Percentage remuneration

BMCL agrees to share income from commercial development with MRTA at the rate of 7% per annum (including VAT) from the year

in which the service starts to generate income until the end of the term under the contract, paid monthly.

Unit:MillionBaht


Separate financial statements with investment presented by cost method1 Oct 11 Increased by 30 Sep 12

Subsidy - payment of Consultant fee

Underthecabinetresolution,forprojectresearchandanalysis 654.37 7.35 661.72

the Purple Line Project: Bang Yai - Bang Sue Section 36.83 - 36.83 the Blue Line Project: Hua Lamphong - Bang Kae Section and Bang Sue - Tha Phra Section

189.29 - 189.29

Subsidiaries for payment of fees for extension of loan under loanagreement between the Ministry of Finance and MRTA the Blue Line Project: Hua Lamphong - Bang Kae Section and Bang Sue -

- Tha Phra Section 32.57 32.57

the Green Line Project: Bearing - Samutprakarn Section - 1.16 1.16

Subsidy for construction of new office building 281.53 0.89 282.42

Subsidy for information technology system 55.78 - 55.78

Total 63,797.66 9,064.95 72,862.61

7.20 Income from Concession Contract


129

7.21 Income from concessionaire not yet recognized as income includes

Unit:MillionBaht2006 - 2010 2011 2012 Total

7.21.1 Remuneration from commercial

development under the concession contract

includes: percentage remuneration

percentage difference (7% of the income

per annum plus VAT) 1.43 0.37 0.41 2.21

Total 1.43 0.37 0.41 2.21

7.21.2 Remuneration from commercial development

apart from concession contract includes:

(1) Income from provision of

telecommunication service

(2) remuneration as compensation for dividend

(3) Income from advertising and public

relation through Passenger Information Display (PID)

10.65

0.55

-

3.65

0.27

-

4.01

0.27

2.78

18.31

1.09

2.78

Total 11.20 3.92 7.06 22.18

Grand Total 12.63 4.29 7.47 24.39

Remuneration from commercial development under concession contract in the amount of Baht 2.21 million in 7.21.1 is an entry

under concession contract in which BMCL agrees to share remuneration from commercial development at the rate of 7% per year

with MRTA (including VAT) from the year in which the service generates income until the expiration of the contract term, paid

monthly. Between July 2004 to September 2005, BMCL deliver the share of income to MRTA calculated by the income base including

VAT, which is in accordance with the contract. Subsequently in October 2005 to September 2012, BMCL changed the calculation

method to calculate from income base excluding tax, which is not in accordance with the concession contract. This caused MRTA

share of income to be short by Baht 2.21 million as displayed in the table above.

Remuneration from commercial development apart from under the concession contract

The details of remuneration from commercial development apart from under the concession contract in 7.21.2 in the amount

of Baht 22.18 million are as follows:

(1) Income from provision of telecommunication service

BMCL sought permission to operate commercial development business by providing telecommunication services and establish

BMCL Network Co., Ltd. (BMCL hold 70% of the shares; the remaining 30% are held by persons with experience in telecommunication

technics) (currently Bangkok Metro Network Co., Ltd.) to operate the business and share with BMCL the income from provision of

IRDN device service and space lease prior to deducting any expenses at the rate of 25% for year 1 - year 5 and 35% for year 6

-15 and pay Baht 30,000 per month per station. BMCL will share such income with MRTA at the rate of 7% of the income received

throughout the 15-year term of the contract, including remuneration from investment in BMCL Network Co., Ltd. namely dividend

and profit from selling the shares held.

Resolution of MRTA Board Meeting No. 8/2006 on 28 July 2006 approved in principal the guideline for commercial development

by providing telecommunication of BMCL and authorize BMCL Network Co., Ltd. to provide telecommunication service within the

stations and tracks by taking into account all safety matters. The MRTA Board advised the Business Development Sub-Committee

and Law and Regulation Sub-Committee to consider rights, benefits and returns that MRTA is supposed to receive from the

telecommunication services in stations, especially in the MRT tunnel as the area is outside the concession contract, and negotiate

with BMCL concerning fair income sharing between MRTA and BMCL. The MRTA Board also approved the company to collect

revenues from telecommunication services but revenue sharing shall not be done until the negotiations are concluded.


130

The contract allowing provision of telecommunication service between BMCL and BMCL Network Co., Ltd. (currently Bangkok

Metro Network Co., Ltd.) dated 1 October 2007, specifies that BMCL Network Co., Ltd must pay remuneration to BMCL at the rate

of 50% for year 1 - 5 and 60% for the last ten years, with Baht 30,000 paid as fee to the stations per month.

Resolution of the MRTA Board Meeting No. 14/2012 on 30 August 2555 approved MRTA to calculate remuneration from BMCL for

provision of telecommunication service within MRT for the period of 15 years from 1 October 2007 to 30 September 2022. MRTA is to

receive share of income from the concession contract under clause 8.5 (b) (ii) at the rate of 7% of the income generated by the

subsidiarycompany(ATSOURCE/upstream)fromoperator,calculatedfromtheincomebaseincludingVAT.

From 1 October 2007 to 30 September 2012, BMCL Network Co., Ltd. (currently Bangkok Metro Network Co., Ltd.) generates

income from provision of telecommunication service and shared remuneration with BMCL in the amount of Baht 261.56 million.

BMCL did not deliver the share to MRTA in accordance with the resolution of the MRTA Board Meeting on 30 August 2012. This

caused MRTA not to be able to recognize such remuneration of Baht 18.31 million as displayed in the table above.

(2) Remuneration as compensation for dividend

Resolution of the MRTA Board Meeting No. 6/2552 on 22 July 2009 approved in principle the restructuring of management in

commercial development by merging Triads Network Co., Ltd. and Metro Mall Development as Bangkok Metro Network Co., Ltd.,

with the conditions that no matter how much the operating result of Bangkok Metro Network Co., Ltd. is, BMCL shall pay remunera-

tion as compensation for dividend to MRTA from 2009 annually, not less than Baht 274,400 per year within April of the following year,

every year. In any year, if the advertising and public relation business and/or retail business see better operating result, MRTA will

negotiate with BMCL to request additional remuneration as compensation for the increased dividend annually.

Resolution of the MRTA Board Meeting No. 9/2011 on 25 August 2011 approved MRTA to adjust the resolution of the MRTA Board

Meeting No. 6/2009 on 22 July 2009, to specify that BMCL must pay remuneration as compensation for dividend to MRTA annually,

starting from 2009 at the rate of 7% of the remuneration for the dividend, but which shall not be lower than Baht 274,400 per year.

MRTA sent letter dated 12 October 2011 to BMCL informing BMCL of the resolution of the MRTA Board meeting, requesting BMCL

to deliver Baht 0.55 million to MRTA by 31 October 2011 (and reminder letter on 18 May 2012).

Resolution of the MRTA Board Meeting No. 13/2012 on 19 July 2012 approving MRTA to accept remuneration conditions as

compensation for dividend in the form of MRT ticket, which values at Baht 274,400 per year, starting from 2009 to 9 March 2015 from

BMCL. Such ticket must not specify any conditions such as expiration date, prohibition of sale, etc. The remuneration conditions in

the form of tickets in only for the remuneration as compensation for dividend. This is because such tickets are considered property

paid in place of remuneration as compensation for dividend of MRTA. Therefore, it is requested that the remuneration is recorded.

However, from 2012 until 9 March 2015, if Bangkok Metro Network Co., Ltd. is able to pay remuneration to BMCL, BMCL shall deliver

the share of income at the rate of 7% of the dividend received to MRTA in cash.

MRTA sent letter dated 15 August 2012 to BMCL informing BMCL of the resolution of the MRTA Board meeting, requesting BMCL

tocomplywithsuchresolution.Upuntilnow,BMCLhasnottakenactionsundertheresolutionoftheMRTABoard.Therfore,MRTA

could not recognize these incomes from 2009 to 2012, in the amount of Baht 1.09 million, as shown in the table above.

(3) Income from advertising and public relations through Passenger Information Display (PID)

BMCL requested for approval to operate commercial development business in the form of advertising media management

through PID, by allowing Bangkok Metro Network Co., Ltd. to operate the business for five years. Bangkok Metro Network Co., Ltd.

agreed to pay remuneration to BMCL as follows:

1. Royalty: in the amount of Baht 35 million paid upon execution of the contract, in accordance with the installments specified

in the contract;

2. Monthly remuneration from the month in which BMCL informs the company to commence advertising through PID system at

the rate of Baht 2.5 million for year 1 - 2, Baht 3 million for year 3 - 4, and Baht 4 million for year 5.

3. Additional remuneration other than monthly remuneration under clause 2, paid annually in accordance with the terms of

income generated from the management of advertising media through PID (prior to deducting any expense) at the following rates:


131

3.1 If Bangkok Metro Network Co., Ltd. generates income from advertising through PID in the amount exceeding Baht 30 million,

but not more than Baht 50 Million for a certain year, Bangkok Metro Network Co., Ltd. will pay remuneration for the part in excess

of Baht 30 million to BMCL at the rate of 20%.







3.4 If Bangkok Metro Network Co., Ltd. generates income from advertising through PID in the amount exceeding Baht 90

million, Bangkok Metro Network Co., Ltd. will pay remuneration for the part in excess of Baht 90 million to BMCL at the rate of 35%.

Resolution of the MRTA Board Meeting No. 13/2012 on 13 July 2012 approved BMCL to operate commercial development

business in the form of advertising media management through PID, on condition that BMCL share 7% of the income which its

subsidiaryreceives(ATSOURCE/upstream)withMRTA.

In 2012, Bangkok Metro Network Co., Ltd. generates income from advertising media management through PID in the amount

of Baht 39.77 million. BMCL did not deliver the share of income to MRTA in accordance with the resolution of the MRTA Board Meeting

on 13 July 2012. Therefore, these income have not been recognized in the amount of Baht 2.78 million, as displayed in the table above.

7.22 Financial Costs

Unit:MillionBaht



2012 2011

Bond interest 26.36 42.37


construction of MRT project lines 1,352.04 945.83

purchase of BMCL shares 6.11 31.49

Total interest payable 1,384.51 1,019.69

Deduct Interest payable recognized as asset cost 570.43 155.18

Financial costs 814.08 864.51

7.23 Liabilities which may arise

Litigation concerning claim of additional compensation for land and other compensation of the MRT project lines, totaling 78

cases, with amount in dispute of Baht 5,442.39 million, as follows:

- MRT Chaleom Ratchamongkol: six cases with MRTA as the litigant, with amount in dispute of Baht 2,047.12 million. Six cases are

under the proceedings of the Supreme Court. The court of appeal gave a judgment ordering MRTA to pay compensation to the

litigant in the amount of Baht 213.26 million, excluding interest.

- MRT Purple Line Project: 62 cases with MRTA as the litigant, with amount in dispute of Baht 3,250.39 million. Out of these,

13 cases are under the proceedings of the Supreme Administrative Court and 49 are under the proceedings of the Central

Administrative Court. For the cases under the proceedings of the Supreme Administrative Court, the Central Administrative Court

rendered judgments ordering MRTA to pay the litigant in the total amount of approximately Baht 100.35 million excluding interest.

- MRT Blue Line Project: eight cases with MRTA as the litigant, with amount in dispute of Baht 143.17 million. All eight cases are

under the proceedings of the Central Administrative Court.

- Other cases not related to land expropriation: two cases, with amount in dispute of Baht 1.71 million. One case is under the

proceedings of the Supreme Administrative Court and the other case is under the proceedings of the Supreme Court.


132

Investment Credit limit consisting ofInvestment Credit Limit Million Baht Cabinet resolution

Land acquisition 9,209.00 18 December 2007

Civil construction 36,055.00 2 October 2007

17 June 2008Consultant fee 1,678.00 2 October 2007

17 June 200812 January 2010

M&Eequipment 13,243.00 12 January 2010Total 60,185.00

Construction results of such projects are under table 1

Table 1 MRT Projects under Construction

Contractual price (Million Baht) Disbursement (Million Baht)

Entry Land Acquisi-

tion

Con-struction

Consul-tant fee

Total Land Acquisi-

tion

Con-struction

Consul-tant Fee

Total

Construction of the Purple Line Project: Bang Yai - Ratburana

Bang Yai - Bang Sue Section Consultant fee for feasibility study, Poject design and preparation of tender document for extension and new line projects (BBMT)Consultant fee for operation under the Act on Private Participation in State UndertakingB.E.2535-thePurpleLine(BBML)Consultant fee for project (PCPL) - AEC Consulting GroupConstruction cost: contract No. 1 - CKTCConstruction cost: contract No. 2 - Sino-ThaiConstruction cost: contract No. 3 - PAR

9,209.00

14,292.0013,100.005,025.00

347.59

52.92

1,210.15

9,209.00

347.59

52.92

1,210.15

14,292.0013,100.005,025.00

8,231.30

7,916.486,982.441,228.47

347.59

40.92

703.33

8,231.30

347.59

40.92

703.33

7,916.486, 982.441,228.47

Total 9,209.00 32,417.00 1,610.66 43,236.66 8,231.30 16,127.39 1,091.84 25,450.53

7.24 Operation Results of MRT Projects

On 7 November 2006, the cabinet passed a resolution approving in principle the development of mass rapid transit system in

Bangkok in accordance with priority. MRTA has been assigned to operate the following new lines and extensions:

7.24.1 MRT Projects under Construction

7.24.1(1) The Purple Line Project: Bang Yai - Ratburana, Bang Yai - Bang Sue Section

The cabinet passed a resolution approving the credit limit for investment of Baht 60,185 million for MRTA to operate its

projectswithrespecttolandacquisitionandcivilworkconstruction,aswellastrackwork.AsforM&Esystemworksandoperation

of trains, the cabinet passed a resolution dated 12 January 2010 acknowledging and approving the resolution of the economic

cabinetdated6January2010allowingtheprivateinvestmentintheM&EsystemandoperationofthePurpleLineProject:Bang

Yai -Bang Sue Section in the form of PPP Gross Cost. Subsequently, the cabinet passed a resolution on 16 November 2010 allowing

one private entity to invest in the Bang Yai - Tao Poon Section.


133


Contract Price (Million Baht) Disbursement (Million Baht)

Entry Land Acquisi-

tion

Con-struction

Consul-tant

Total Land Acquisi-

tion

Con-struction

Consul-tant

Total

Construction of the Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Section

Consultant fee for feasibility study of project design and preparation of tender docu-ment for extension and new line projects (BMTD) - Hua Lamphong - Bang Kae Section- Bang Sue - Tha Phra Sectionoperation under the Act on Private ParticipationinStateUndertakingB.E.2535 - extension (BMTC)Consultant fee for project management (civil work) Consultant fee for construction supervision: CSCBL ConsortiumConstruction cost: contract No. 1 - Italian-ThaiConstruction cost: contract No. 2 - CH. KarnchangConstructioncost:contractNo.3-SH-UNJoint Venture

5,900.00

11,441.0810,687.64

11,284.78

*584.47

223.10

726.131,210.00

5,900.00

223.10

726.131,210.00

11,441.0810,687.64

11,284.78

4,465.61

3,513.113,317.62

2,190.12

*113.19*105.11

205.13

203.95401.42

4,465.61

205.13

203.95401.42

3,513.113,317.62

2,190.12

Investment Credit Limit Million Baht Cabinet Resolution

Land Acquisition 5,900.00 27 May 2008

Civil Construction 52,460.00 27 May 2008

24 November 2009

Consultant fee 2,622.00 27 May 2008

28 December 2010

M&Esystem 22,141.00 Awaiting cabinet approval

Total 83,123.00

Construction results of such projects are under table 2

7.24.1(2) The Blue Line Project : Hua Lamphong - Bang Kae and Bang Sue - Tha Phra Sections

The cabinet approved an investment credit limit of Baht 83,123 million for land acquisition and civil work construction.

Thecabinetpassedaresolutionacknowledgingtheresultoftenderforcivilworkon28September2010.AsforM&Esystemand

operation of trains, the cabinet passed a resolution on 28 December 2010, approving in principle private investment. At present, the

result of study of advantages and disadvantages of different methods of operation is being considered by committee for selection

of private entity to invest in and operate the Blue Line Project: Hua Lamphong - Bang Kae Section and Tao Poon - Tha Phra Section.

Investment credit limits are as follows:


134


Entry Land Acquisi-

tion

Con-struction

Consul-tant

Total Land Acquisi-

tion

Con-struction

Consul-tant

Total

Construction cost: contract No. 4 - Sino-ThaiConstruction cost: contract No. 5 - CH. Karnchang

13,334.994,999.13

13,334.994,999.13

2,113.812,340.01

2,113.812,340.01

Total 5,900.00 51,747.62 2,159.23 59,806.85 4,465.61 13,474.67 890.50 18,750.78

Engagement of consultant in accordance with the cabinet resolution, beyond the investment credit limit

* Consultant fee under the cabinet resolution on 15 August 2006 with credit limit of Baht 588.07 million

7.24.1(3) The Green Line Project: Mo Chit - Saphan Mai Section and Bearing - Samutprakarn Section

The cabinet resolution on 27 November 2008 approved the investment credit limit for Mo Chit - Saphan Mai Section in

the amount of Baht 21,789 million and Bearing - Samuprakarn Section in the amount of Baht 19,163 million, as follows:

Unit:MillionBaht

Mo Chit - Saphan

Mai Section

Bearing -

Samutprakarn SectionLand Acquisition (including survey) 2,394.00 1,311.00

Civil Construction 18,723.00 17,233.00

Consultant fee 672.00 619.00

Total 21,789.00 19,163.00

Mo Chit - Saphan Mai Section: The cabinet resolution on 9 March 2010 approved in principle the extension of the Green Line

Project: Mo Chit - Saphan Mai Section to be Mo Chit - Saphan Mai - Ku Kot Section, and move the depot south of Don Muang

Airport to Tambon Ku Kot. Therefore, MRTA and the Office of Transport and Traffic Policy and Planning must consider adjusting the

routes and improving construction plan in the area. On 10 September 2012, there was a meeting to consider the investment and

train operation model of the Green Line Project: Mo Chit - Saphan Mai - Ku Kot - Lamluka Section and Bearing Samutprakarn -

Bangpu Section, which approved MRTA to propose the cabinet to consider approving the operation of the Dark Green Line Project:

Mo Chit - Saphan Mai - Ku Kot Section at the same time for consistency of projects.

Construction results of Bearing - Samutprakarn Section are under table 3



Entry Land Acquisi-

tion

Con-struction

Consul-tant

Total Land Acquisi-

tion

Con-struction

Consul-tant

Total


Bearing - Samutprakarn Section

Consultant fee for preparation of

report on study for project under the

Act on Private Participation in State

Undertaking

1,311.00

1,311.00 1,008.66 1,008.66


135


Entry Land Acquisi-

tion

Con-struction

Consul-tant

Total Land Acquisi-

tion

Con-struction

Consul-tant

Total

B.E. 2535 - TESCO MAA Consortium

Consultant fee for GBSC project

Consultant fee for selection of civil

workcontractor,investorinM&Esystem

and service provider of trains

Civil work: Contract No. 1- CH. Karnchang 14,088.60

**2.49

603.61

**13.98

603.61

14,088.60 1,257.92

**2.37

94.13

**2.04

94.13

1,257.92

Total 1,311.00 14,088.60 603.61 16,003.21 1,008.66 1,257.92 94.13 2,360.71

**Consultant fee beyond the investment credit limit

7.24.2 M.R.T. Projects under research and analysis, with expenses relating to consultant fee, as follows

Entry Contract Price

(Million Baht)

Disbursement (Mil-

lion Baht)

Construction of the Purple Project: Bang Yai - Ratburana :Bang Sue - Ratburana SectionConsultant fee for feasibility study of, project design and preparation of tender document for extension and new line projects (BMTD)

Construction of the Orange Line Project: Bangkapi - Bang Bamru SectionConsultant fee for feasibility study, project design and preparation of tender document for extension and new line projects (BMTD)

Construction of the Green Line Project: Mo Chit - Saphan Mai SectionConsultant fee for preparation of report on project study of under theActonPrivateParticipationinStateUndertakingB.E.2535-TESCO MAA ConsortiumConsultantfeeforselectionofcivilworkcontractor,investorinM&Esystem and service provider of trains

Construction of the Pink Line Project : Khae Rai - Minburi SectionConsultant fee for study, revision, and preparation of tender document

Construction of the Orange Line Project : Taling Chan - Minburi SectionConsultant fee for study, revision, and preparation of tender document

*584.47

*584.47

**2.49**13.98

8.84

186.27

*161.70

*194.04

**2.19 -

2.48

27.94

Engagement of consultant in accordance with the cabinet resolution, beyond the investment credit limit

* Consultant fee under the cabinet resolution on 15 August 2006 in the amount of Baht 588.07 million

**Consultant fee beyond the investment credit limit

7.25 Date Approved to Issue Financial Statements

The Governor of the Mass Rapid Transit Authority of Thailand approved the issuance of the financial statements on 27 March

2013


136

Ratio Analysis Comparing 2011 with 2012

1.Liquidity

Working Capital =

Current assets - current liabilities = 3,367,762,110.17 - 9,163,177,737.92

= (5,795,415,627.75) Baht

Formula as of 30 Sep 11 as of 30 Sep 12

1.1 Current ratio Current assets 0.39 0.37 times

Current liabilities

1.2 Current ratio* Current assets 0.85 0.70 times

Current liabilities - 1-year long-term loan

Remark * Excluding long-term loans to be matured in one year as the government will provide subsidiaries for performance

of obligation

2.Debt condition

2.1 Debt ratio Total liabilities 0.77 0.74 times

Total assets

2.2 Debt Equity ratio Total liabilities 3.43 2.89 times

Total assets

2.3 Times interest earned net profit before interest deducting -12.77 0.17 times

Interest expenses

3. Profitability

3.1 ROA Net profit -9.36 -0.47 %

Total assets

3.2 ROE Net profit -41.44 -1.82 %

Shareholders' equity


137

According to the results above, MRTA operating results and financial position can be summarized as follows:

1. Liquidity

Analysis : - According to the information, MRTA does not have sufficient liquidity to settle the current liabilities as the

net working capital is in deficit.

- Even though the ratio indicates that MRTA’s liquidity slightly decreased, and not sufficient to settle current

liabilities, it is in fact not so. This is because most current liabilities are long-term. As for the loans to be

matured within one year, MRTA will receive budget for performing such obligations.

2. Debt Condition

Analysis : - As much as 74% of MRTA capital structure is from loans.

- This is because it is the government’s policy for MRTA to use capital sources for construction and land

acquisition for MRT Chaloem Ratchamongkhon Line Project, all of which are loans guaranteed by the

government, who will be completely responsible for paying the principal and interest. Exception applies to civil

construction works for which the government will provide MRTA with subsidiaries for repayment of principal and

interest until the fiscal year 2016. As for construction of the Purple Line, the Blue Line and the Green L ine

projects, loans are taken for civil construction. Land acquisition expenses are provided by the government as

budget. Therefore, at present, the Debt Equity Ratio is relatively high as there are more investments in MRT

projects and extensions. The term of the loans are from 4 to 40 years.

- Ability to pay interest (Ratio 2.3) indicates that there is no ability to pay interest yet. The government is still

responsible in this respect.

3. Profitability

Analysis : - As the operating results are in deficit, ROA and ROE are also in deficit. Most are a result of calculation of

asset depreciation of MRT Chaloem Ratchamongkhon Line Project, loan interest, and loss from exchange

rate of laon which MRTA borrowed from JICA for construction of MRT and MRTA has not been able to

generate sufficient income as a result of limit of remuneration due to concession agreements.

Audit fee

“The Mass Rapid Transit Authority of Thailand Act B.E. 2543 (2000), Chapter 6 Finance, Accounting and Auditing, Section 68

provides that “MRTA shall prepare a balance sheet, an operating account and an income statement and submit them to the

auditor within one hundred twenty days as from the end of the accounting year and Section 69 provides that “ the Office of the

Auditor General of Thailand shall audit and review for certifieation of MRTA’s accounts and finance within forty-five days as

from the date of receipt of such financial statements.”

The Mass Rapid Transit Authority of Thailand (MRTA) is a reviewed agency of the Office of the Auditor General of Thailand

under the Organic Act on State Audit B.E. 2542 (1999) Section 4. Therefore, the Office of the Auditor General of Thailand has

the auditing duty under Section 39(2) of the same Act, with the audit fees for the fiscal year 2012 prescribed at Baht 400,000

(four hundred thousand baht only) excluding other expenses relating to performance of duties.

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