Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Business

Punjab govt saves $1b through rapid mass transit system

byCustoms Today Report
06/07/2015
in Business
Share on FacebookShare on Twitter

LAHORE: The PML-N government has claimed to save about $1 billion from the project cost of Orange Line Metro Train by through launching of Rapid Mass Transit System project.

Almost 27 kilometres long underground train RMTS project had been prepared with an estimated cost of Rs230 billion in 2005. The incumbent govt of PML-N after coming into power in 2008, introduced Metro Bus and Orange Line Train projects to resolve public transport problems of the provincial capital. First Metro Bus project was completed with Rs30b in 2013 and the second one, the Orange Line project was signed with the Chinese firms with an estimated cost of Rs165 billion, approximately 1.5 dollars which is one billion dollar less than the previous government’s plan.

You might also like

Short-term inflation ticks up 0.49pc WoW, pushing annual rate to 9.66pc

21/08/2026

Govt generates Rs144b through PSX Sukuk auction

20/08/2026

Sources added that the Punjab government saved this huge amount by changing the design of the project including change of route from Ferozepur Road to the Raiwind- Multan Road towards the northern parts of the city besides shifting the track from underground to the elevated path etc. The new project has been finalized to widen the area of coverage of the train with the aim to facilitate more people, sources maintained.

The 27-km long Lahore Orange Line Metro Train will be constructed on Build, Operate and Transfer (BOT) basis while work on this mega project will be started by end of July this year. A consortium of Chinese firms in collaboration with the Metro Bus Authority and the Punjab government will complete this project which is the biggest project of its kind worth Rs 165 billion.

Related Stories

Short-term inflation ticks up 0.49pc WoW, pushing annual rate to 9.66pc

byCT Report
21/08/2026

ISLAMABAD: Pakistan's Sensitive Price Indicator (SPI) recorded a week-on-week increase of 0.49% for the week ending August 20, 2026, driving...

Govt generates Rs144b through PSX Sukuk auction

byCT Report
20/08/2026

ISLAMABAD: The Ministry of Finance has raised Rs. 144.153 billion through the Government of Pakistan Hybrid Sukuk (GHS) auction conducted...

Pakistan’s power sector circular debt rises to Rs1.67 trillion in FY26

byCT Report
19/08/2026

ISLAMABAD: Pakistan’s power sector circular debt increased by Rs61 billion during fiscal year 2025-26, reaching Rs1.675 trillion by June 30,...

SECP clears 13th public offering of 2026 as Naya Nazimabad REIT heads to PSX

byCT Report
18/08/2026

KARACHI: Pakistan’s primary equity market extended its most active stretch in years Tuesday, as the Securities and Exchange Commission of...

Next Post

Pak rupee depreciates by 5 paisas to reach 103 in open market

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.