The Company, in association with MRTA and Krung Thai Bank Public Company Limited, has launched a fare payment service using the EMV Contactless system (Europay Mastercard and Visa) in the MRT Blue Line Project and the MRT Purple Line Project, as an alternative to paying MRT fares in order to provide the people with convenient, fast service.
The Company entered into the Sustainability Loan Agreement with Bank of Ayudhya Public Company Limited in the amount of Baht 3,000 Million, with a term of 5 years, for use in the MRT Blue Line Project, with such loan complying with the Sustainable Financing Framework.
The Company offered for sale the Sustainability Bond No. 1/2022, worth Baht 4,500 Million, with a 3 to 12-year maturity, at the fixed interest rates of 2.76 percent to 4.15 percent, to repay the existing debt and/or refinance the MRT Blue Line Project. The bonds were issued in accordance with the Sustainable Financing Framework, and had garnered the overwhelming demand from investors, as evidenced by the subscription amount over the target by 2.6 times. In this regard, the Company received an issue rating of “A-/Stable Outlook” for such bonds from TRIS Rating Co., Ltd.
His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua graciously bestowed the name of the Si Rat - Outer Ring Road Expressway as “Prachim Ratthaya”, which means “Path to the West”.
The Extraordinary General Meeting of Shareholders No. 1/2022 on November 28,2022, resolved to approve the Company’s execution of the Public-Private Partnership Agreement for the MRT Orange Line Project, Bang Khun Non - Min Buri (Suwinthawong) Section, with MRTA after the Cabinet’s affirmative resolution; and to engage CH. Karnchang Public Company Limited to carry out the management and construction of civil works (western section) and design, supply, installation, testing and commissioning of the M&E Equipment, and trial running (eastern and western sections) of the MRT Orange Line Project.
TRIS Rating Co., Ltd. affirmed the Company’s credit rating at “A-”, with a “Stable” outlook.
The Company offered for sale the Sustainability Bond No. 1/2021, worth Baht 6,000 Million, with a 3 to 10-year maturity, at the fixed interest rates of 1.56 percent to 3.33 percent, to repay the existing debt and/or refinance the MRT Blue Line Project, with the bonds being issued in accordance with the Sustainable Financing Framework. The Company is the first private company in Thailand and in the Southeast Asia where the sustainability bonds have been issued. As a result, the Company received the Best Sustainability Awards 2021 from “The Asset”, the leading financial magazine in Asia
The Company, in association with MRTA, opened a route linking Bang Sue Station, the MRT Blue Line Project, with Bang Sue Grand Station, the SRT Red Line Project, to ensure that people can switch between modes of transportation on a smooth, convenient, and rapid basis.
The Company received the National Green Office Award “Good Level” from the Green Office Promotion Project for 2020 of the Department of Environmental Quality Promotion, Ministry of Natural Resources and Environment.
The Company was selected as one of 146 listed companies on the Thailand Sustainability Investment (THSI) 2021 for the fifth consecutive year in the services category.
The Company was rated excellent in Good Corporate Governance (Excellent CG Scoring) or 5 stars consecutively by the Thai Institute of Directors Association (IOD) which conducted a survey on corporate governance Thai listed companies for 2021.
The Company, in association with EXAT and Krung Thai Bank, launched toll payment service with EMV Contactless (Europay Mastercard and Visa) as an alternative toll payment method in order to provide people with convenient, fast service.
The toll rates for the Si Rat - Outer Ring Road Expressway is first due for the revision in accordance with the Concession Agreement, from the rates of Baht 50/80/115 to Baht 65/105/150 for 4-wheeled / 6-wheeled to 10-wheeled/ and more than 10-wheeled vehicles, respectively. However, in order to relieve the burden of living expenses for the people, the Company sold coupons at the same rate which the expressway users can use to pay the toll until December 15, 2022.
The Company was awarded Thailand’s Top Corporate Brand 2021 for the second consecutive year as a company with the highest brand value in the transportation and logistics sector in 2021, by the Faculty of Commerce and Accountancy Chulalongkorn University, at the ASEAN and Thailand’s Top Corporation Brands 2021.
The Company extended the period of time for the public’s free travel during the trial run of the MRT Blue Line Extension, Tao Poon - Tha Phra Section (Bang Pho Station - Charan 13 Station) from 10:00 hrs. - 16:00 hrs. to 06:00 hrs. - 24:00 hrs.
The Company/the subsidiary and EXAT signed the Second Stage Expressway Agreement (Amendment) and the Bang Pa-in - Pak Kret Expressway Agreement (Amendment) for settlement of the disputes and extension of the respective concession periods until October 31, 2035.
As a result of the situation of the pandemic of Coronavirus Disease 2019 (COVID-19) in Thailand, the Company has heightened the anti-pandemic measures and has placed the emphasis firmly on keeping clean inside of the MRT stations, trains, and the MRT system until present in order to prevent the spread of such disease until the situation of the pandemic would have been ameliorated.
The Company opened the full service of the MRT Blue Line Extension Project (Hua Lamphong - Bang Khae Section and Bang Sue - Tha Phra Section) and charged fares. The project’s connected alignment features a Circle Line covering the central area of Bangkok, including a connection of travelling between Bangkok and Thonburi sides, as well as providing connections to other lines, namely, the MRT Green Line, the MRT Purple Line, the MRT Orange Line, the MRT Red Line, and the Airport Rail Link, thereby making the people’s journeys more convenient and rapid.
TRIS Rating Co., Ltd. affirmed the Company’s credit rating at “A”, with a “Negative” outlook.
The Company has provided a discount on toll fees at “At Narong 1 Toll Plaza”, from the Chalong Rat Expressway access to the First Stage Expressway to Bang Na, at the rate of Baht 25 per trip for all types of vehicles for one year, effective from July 1, 2020 to June 30, 2021.
The Company maintained the fares for the MRT “Blue Line” at the same rates, namely, starting from Baht 16 up to Baht 42, until December 31, 2020, despite the revision of the fares scheduled for July 2, 2020 in accordance with the MRT Blue Line Concession Agreement.
The U-turn bridge on the road along the railway around the intersection of Ratchaphruek Road was opened for service, in which the Company invested for design and construction on the area licensed by the State Railway of Thailand to facilitate the general public and users of the Si Rat - Outer Ring Road Expressway.
The Company was awarded a White Factory Project certificate by the Department of Labor Protection and Welfare in Nonthaburi Province, for the reason that the Company attached importance to drug problems in the business premises to be free from drugs of all types.
His Majesty King Maha Vajiralongkorn Phra Vajiraklaochaoyuhua and Her Majesty Queen Suthida Bajrasudhabimalalakshana graciously presided over the official opening ceremony of the M.R.T. Chaloem Ratchamongkhon Line Extension Project (MRT Blue Line) at the MRT Sanam Chai Station.
The Company was awarded Thailand’s Top Corporate Brand 2020 as one of the organizations realized the significance of development of its corporate brand to ensure greater strength for the country’s social and economic sustainability, with the highest brand value in the transportation and logistics sector in 2020, by the Faculty of Commerce and Accountancy Chulalongkorn University.
The Company opened the Underground Museum or so-called Site Museum, the first new-model museum in the public space inside the electric train station of Thailand, i.e., which was located inside the MRT Sanam Chai station, and served a point of exhibitions and displays of objects which were found during the construction of the MRT station.
BEM organized the one million fabric masks giveaway to the MRT passenger activity, in association with the Mass Rapid Transit Authority of Thailand (MRTA) organized a campaign against the spread of COVID-19 and gave away fabric masks to MRT service users.
BEM joined with the RTA Chemical Department, Royal Thai Army, in spraying disinfectants against the COVID-19 in stations of the MRT Blue and Purple Lines after the service closure.
Providing alcohol-based hand sanitizers at the baggage checkpoints and ticket offices in all MRT stations and at every entrance exit of Metro Mall in all stations.
Increasing public relations to build knowledge and understanding of self-practices to passengers to avoid the transmission of pathogens, through media, such as, billboards, digital information displays inside the stations and trains, sound public relations inside the MRT stations, and social media of the Company.
* The Extraordinary General Meeting of Shareholders No. 1/2019 resolved to grant approval for the Company and the subsidiary to settle the disputes with EXAT by means of Amendment of the Second Stage Expressway Agreement, the Agreement for the Extension of the Second Stage Expressway System (Sector D), and the Bang Pa-in - Pak Kret Expressway Agreement, and in the case of any change in the agreement for settlement of the disputes, the Board of Directors shall be authorized to consider improvement, amendment in accordance with the results of the final negotiation and the resolution of the Council of Ministers.
The Company additionally purchased 5.08 million shares in Bangkok Metro Networks Limited (BMN), thereby rendering its shareholding percentage in BMN to 89.67 percent.
TRIS Rating Co., Ltd. reaffirmed the Company’s rating at “A”, with a “Stable” outlook.
The Company reclassified the investment in TTW Public Company Limited (TTW) to ensure consistency with the investment objective, thereby resulting in a decrease in its shareholding percentage in TTW to 18.47 percent.
The Company issued and offered for sale debentures No. 1/2019, with a maturity of 3-10 years, in the total amount of Baht 5,000 Million, at the fixed interest rate of 2.65 percent to 3.84 percent per annum, proceeds of which would be used for repayment of the matured existing debentures.
The Company received an “Excellent” rating with 98 scores in the assessment of the quality of the 2019 Annual Ordinary General Meeting of Shareholders (AGM Checklist) from the Thai Investors Association.
The Company received the Drive Award 2019 for Environment and Sustainability in Services Business, from MBA Chula Alumni, the Faculty of Commerce and Accountancy, Chulalongkorn University.
The Company opened for commercial service the M.R.T. Chaloem Ratchamongkhon Line Project (MRT Blue Line), Section 2: Hua Lamphong Station to Lak Song Station, for 11 stations.
The Company received the Thailand Energy Awards 2019 in the category of energy conservation in transportation, showcasing its energy saving at national level, from the Department of Alternative Energy Development and Efficiency, Ministry of Energy.
Eastern High-Speed Rail Linking Three Airports Company Limited, with BEM holding its shares representing 10 percent of the registered capital, signed the Agreement for Joint Investment for the Hi-Speed Rail Linking Three Airports Project with the State Railway of Thailand.
The Thai Institute of Directors Association (IOD) announced the results of corporate governance survey of listed companies for 2019, in which the Company received the “Very Good” score level.
The Company was selected to enlist in Thailand Sustainability Investment 2019 for the third consecutive year as a listed company engaging in the businesses by taking into account environment, society and corporate governance.
The Company opened for the people to take free rides on the M.R.T. Chaloem Ratchamongkhon Line Project (MRT Blue Line), Section 3: Bang Sue - Tha Phra Section, for 8 stations.
Remark * : The Company and the subsidiary had negotiated with EXAT to settle the disputes and amend the Concession Agreements. As of December 31, 2019, it was pending relevant government authorities’ proposal for seeking approval of the Council of Ministers in accordance with the process of the Private Investment in State Undertakings Act B.E. 2556 (2013), together with the Public-Private Partnership Act B.E. 2562 (2019).
The Company received a credit rating at “A”, with “Stable” outlook from TRIS Rating Co., Ltd. (TRIS Rating).
The Company received an “Excellent” rating with 92 scores in the assessment of the quality of the 2018 Annual Ordinary General Meeting of Shareholders from the Thai Investors Association.
The Company received the Drive Award 2018 for Finance Excellence as a result of excellent financial management, together with management based on corporate governance, by considering the corporate social and environmental responsibility projects, along with innovations ready to drive the organization into the macro-economy, from Chulalongkorn University.
The Company sold all of its shares in Xayaburi Power Public Company Limited (XPCL) representing 7.50 percent to CK Power Public Company Limited (CKP) in consistency with the investment objective of the Company.
The Company constructed another three lanes for toll collection at Chim Phli Toll Plaza in order to accommodate an increase in traffic volume of the Si Rat - Outer Ring Road Expressway which opened for service in the late year 2018.
The Company sold 111.2 million shares in CK Power Public Company Limited (CKP), as a result, its shareholding percentage in CKP represented17.83 percent.
The Company opened for service the connection between the Si Rat - Outer Ring Road Expressway and the Si Rat Expressway heading to Chaeng Watthana in order to ensure the greater convenience for traveling to Chaeng Watthana and continuing along the Udon Ratthaya Expressway.
The Thai Institute of Directors Association (IOD) announced the results of corporate governance survey of listed companies for 2018, in which the Company received the “Very Good” score level.
The Company was positioned in the Sustainability Index 2018 (SETTHSI INDEX) and the company was selected to enlist in Thailand Sustainability Investment (THSI) 2018 and presented with SET Sustainability Awards 2018 in the capacity as listed company engaging in the sustainable business and serving as role model for other listed companies.
The Company additionally purchased 1.14 million shares in Bangkok Metro Networks Limited (BMN), as a result, its shareholding percentage in BMN represented 69.67 percent.
The Company was granted the Issuer of the Year 2016 Award by the Thai Bond Market Association as the outstanding private-sector debenture issuer in the bond market fund raising in 2016, which met the demands of the Company and investors in an appropriate time, with operations pursuant to the good corporate governance principles, ensuring confidence of both debenture holders and shareholders.
The Company entered into the Concession Agreement for the MRT Blue Line Project with MRTA, for a period of 33 years, on a PPP Net Cost basis, divided into 2 phases, as follows:
Phase 1: Supply, installation, and testing of the M&E Equipment for the MRT Blue Line Extension Project, for a period of 3 years;
Phase 2: Provision of train operation service for the M.R.T. Chaloem Ratchamongkhon Line Project and the MRT Blue Line Extension Project as Through Operation, for a period of 30 years.
The MRT Blue Line Project comprises the M.R.T. Chaloem Ratchamongkhon Line Project (Hua Lamphong Station - Bang Sue Station), currently in service; and the MRT Blue Line Extension Project (Hua Lamphong Station - Lak Song Station and Bang Sue Station - Tha Phra Station), for a total distance of 47 kilometers, with 38 stations, whereby the Company is entitled to fare box revenue and to commercial development throughout the concession period.
The Company received a credit rating at “A”, with “Stable” outlook from TRIS Rating Co., Ltd.
The Company executed the Amendment (No. 2) to the Concession Agreement for the Si Rat - Outer Ring Road Expressway Project with EXAT for construction of a connection between the Si Rat - Outer Ring Road Expressway and the northern part of the Si Rat Expressway (heading to Chaeng Watthana), with the value of Baht 275,000,000, for a construction period of 18 months, commencing in August 2017.
The Company opened the MRT Blue Line Extension Project for service, Tao Poon Station - Bang Sue Station, under the concept of “Come Together to Integrate Happiness for People”, linking the train operation among the M.R.T. Chaloem Ratchamongkhon Line (the existing MRT Blue Line), the MRT Blue Line Extension, and the M.R.T. Chalong Ratchadham Line (the MRT Purple Line) as a through operation, in order to ensure more rapid, convenient and safe commute between Bangkok and its surrounding provinces, whereby this linked route covers a distance of 1.2 kilometers.
The Company was announced by the Stock Exchange to be in a group of the listed companies that sustainability operate their businesses by taking into account with Environmental, Social and Governance (ESG) or Thailand Sustainability Investment of the group of listed companies on the Stock Exchange with market capitalization of more than Baht 100,000 Million.
The Company was granted the Best Deal of the Year Award for 2017 by the Stock Exchange and Money & Banking Magazine in the “SET Award 2017” event, as a result of the amalgamation between BECL and BMCL.
BEM securities were traded on the Stock Exchange of Thailand for the first day and were rated in SET100 Index, as well as selected for calculation in MSCI Global Index, a highly popular standard in measuring returns in international investment portfolios.
The Company received a credit rating at “A”, with “Stable” outlook from TRIS Rating Co., Ltd.
BEM securities were rated in SET50 Index.
The M.R.T. Chalong Ratchadham Line Project (MRT Purple Line), Bang Yai - Rat Burana, Bang Yai - Bang Sue Section (Khlong Bang Phai Station - Tao Poon Station) was opened for service.
The Si Rat - Outer Ring Road Expressway was opened for service.
NECL opened for service the Electronic Toll Collection System for the Udon Ratthaya Expressway for the entire route.
The Electronic Toll Collection Systems of EXAT and the Department of Highways were integrated, whereby the Easy Pass users and M-Pass users may pay tolls at toll booths in the Electronic Toll Collection lanes by using a single pass.
Corporate Social Responsibility
The Company, as the expressway and metro service provider, is committed to helping alleviate traffic problems in Bangkok and its surrounding provinces, through the fully-integrated mass rapid transit and transportation systems
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