KARACHI: Sindh Chief Minister Syed Qaim Ali Shah, while presiding over a Public Private Partnership (PPP) Policy Board meeting at CM House, has okayed Rs 22 billion for transport and road sectors projects.
Secretary Finance Sohail Rajput, while briefing the chief minister, said that Yellow Line project, after fair bidding, has been awarded to a Chinese firm. Its route starts from Dawood Chowrangi, Regal Chowk via Shahrahe Faisal, Korangi Road and FTC would have estimated ridership of 125,000 passengers per day. It would have 24 stations, three flyovers, 24 overhead pedestrian bridges.
Secretary Transport Taha Farooqi, during briefing, said that a sub-committee was constituted for Technical and Financial Evaluation of the project. They held a number of meetings with the Chinese firm and now the Sindh government was at the stage of signing the concession agreement with preferred bidder.
