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NCPO asked to back B2bn car loans for Phuket taxis

NCPO asked to back B2bn car loans for Phuket taxis

PHUKET: Vice-Governor Jamroen Tippayapongtada is to ask the National Council for Peace and Order to persuade banks to extend a credit line of up to B2 billion to allow would-be cab drivers to buy meter taxis on easy terms, with the loans guaranteed by the government.


By Anthika Muangrod

Friday 1 August 2014 09:19 AM


The aim is to help black-plate drivers go legit, like this meter taxi driver.

The aim is to help black-plate drivers go legit, like this meter taxi driver.

“I have already presented the plan to Governor Maitri Inthusut who will talk with the Royal Thai Army Region 4 who in turn will pass it on to the NCPO.”

“If the government agrees about the policy, it will contact banks. The drivers will be able to pay by installments over nine years. After that they can change the car.

The scheme, if approved, will get around the current problem of illegal “black-plate” taxis not being able to convert to green or yellow plates.

These drivers buy a car with money borrowed from a bank, stating that it is for private use. Banks are then reluctant to back an application for the car to become a legal taxi without shortening the repayment period (because of the much higher mileage).

The drivers cannot afford the higher payments, and so are effectively forced to remain illegal.

V/Gov Jamroen’s plan would get around this by allowing drivers to buy taxis on long-term loans at easy rates.

“In a year, the drivers will pay about B100,000, perhaps a bit more. That’s less than B10,000 a month.”