A bird's eye view of the 497-rai Makkasan land which the State Railway of Thailand plans to lease to the Finance Ministry to clear its huge debts. A source at the Finance Ministry said the land lease agreement is part of the SRT's rehabilitation plan which hopes to clear part of its 110-billion-baht debt. The State Enterprises Policy Commission, or the superboard, has set up a working committee to supervise land use under the SRT that has more than 10,000 land lease contracts covering 36,000 rai. "Makkasan has a long history and its development should be carried out in a sustainable fashion. Pongprom Yamarat, of Big Tree group, said the Makkasan development project is among other multi-billion-baht projects that have raised doubts over development policies which focus on financial payoffs.

Source: Bangkok Post September 12, 2016 00:51 UTC