On August 15, 2025, Thailand Ministry of Housing (MOH) released Old Elevator Safety Renewal Subsidy Program, implemented from January 1, 2026 to December 31, 2029. Policy core:

1. Subsidy scope: Residential elevators over 15 years, public elevators over 20 years, priority for high-fault, prominent safety hazard elevators;

2. Subsidy standard: 800,000 Thai baht subsidy per renewed elevator, 400,000 Thai baht per renovated elevator, funds jointly borne by central finance, local government, owners;

3. Application process: Owner application → third-party assessment → MOH review → subsidy disbursement → acceptance;

4. Technical requirements: Renewed elevators comply with TIS 15781 standards, level 2 energy efficiency, safety compliant, intelligent monitoring, 5-year warranty;

5. Target: Complete renewal of 8,000 old elevators in 4 years, eliminating safety hazards;

6. Supervision: Full-process supervision, final payment disbursed after qualified acceptance, subsidy recovered for violation. Policy accelerates Thailand old elevator renewal