BTS

Fifteen years after traffic-clogged Bangkok abandoned its first attempt at building an elevated train line during the Asian financial crisis, Thai infrastructure is back on investors’ radar, writes Josh Noble.

BTS Group, which operates Bangkok’s SkyTrain transit system, is seeking to raise as much as $2.1bn in an initial public offering of an infrastructure fund partially backed by rail fares in what would be Thailand’s biggest ever new listing. Read more

Riding Bangkok’s elevated rapid transit railway service known as the ‘Skytrain’ makes New York’s Subway and London’s Underground feel antiquated. Now, BTS Group, the company with an exclusive concession to run the service, has confirmed plans for an initial public offering of an infrastructure fund worth at least $1.6bn, which looks likely to be the biggest in Thailand’s history. Read more