BMA faces 1.3 billion baht Chatuchak debt as appeal continues
The Bangkok Metropolitan Administration faces a 1.338 billion baht debt to the State Railway of Thailand for unpaid land rental fees at the Chatuchak Weekend Market, with the case currently under appeal. Bangkok Governor Chadchart Sittipunt confirmed the BMA has sufficient budget reserves to settle the debt and is seeking interest relief, while planning to eventually return market management to the railway agency. The administration is also working to improve the market's financial operations and vendor collections ahead of potential legal resolution and future handover.
BANGKOK — 13 May 2026, the Bangkok Metropolitan Administration (BMA) said it is continuing efforts to manage debt obligations and oversee operations at the Chatuchak Weekend Market, with outstanding payments owed to the State Railway of Thailand totalling 1.338 billion baht in unpaid land rental fees.
According to a source at Bangkok City Hall, the amount includes 672 million baht under a court ruling, consisting of 605.7 million baht in principal rent covering a period of three years, six months and 27 days, along with 66.4 million baht in interest calculated up to the filing date of 27 June 2022.
The BMA also faces additional interest charges of 5 percent on the principal amount, totalling 101.3 million baht, calculated from 27 June 2022 to 31 October 2025, as well as monthly compensation payments of 14.1 million baht from 1 July 2022 to 31 October 2025, amounting to another 564.7 million baht over three years and four months.
Bangkok Governor Chadchart Sittipunt said the administration maintains the principle that debts must be repaid once fair and accurate figures are agreed upon. He said the BMA has sufficient budget reserves, but the case remains under appeal as officials seek clarification on the final amount and request relief from interest accrued during the COVID-19 crisis.
Chadchart also said the BMA plans to return management of the market to the State Railway of Thailand, citing the administration's lack of expertise in market operations. He added that the railway agency or the government could further develop the site into a "soft power gateway" to strengthen tourism in the future.
Earlier this year, BMA executives inspected the market to accelerate collection of overdue payments from vendors and improve the market's financial management system ahead of a legal resolution and any future handover or new operating agreement.