The CDWP approved three schemes worth Rs 1.1 billion for Punjab, 11 projects costing Rs 18.9 billion for Sindh, two project costing Rs 1.4 billion for NWFP, three schemes costing Rs 1.2 billion for Balochistan, two projects worth Rs 15.5 billion for AJK and the same number of schemes valuing 0.7 billion for Northern Areas, said Asif Sheikh flanked by Dr Asad Ali Shah, member infrastructure PC.
Of the three projects in Punjab, one project namely "Technical Assistance loan for Lahore rapid mass transit system, costing Rs 0.5 billion will be fully financed by the government of Punjab. The Asian Development Bank (ADB) will provide technical assistance.Dr Asad said that Lahore rapid mass transit was huge project and its total cost would be around 2.4 billion US dollars.
The Punjab government will provide $1.4 billion for the project while the remaining amount would be provided by the ADB.He said that Punjab government was planning to initially lay down the track on 27 kilometres and if that portion remained successful, then the project would be expanded. After that the Punjab government would present PC-I and detailed engineering design of the whole scheme to the PC.
Of the three projects in Punjab, one project namely "Technical Assistance loan for Lahore rapid mass transit system, costing Rs 0.5 billion will be fully financed by the government of Punjab. The Asian Development Bank (ADB) will provide technical assistance.Dr Asad said that Lahore rapid mass transit was huge project and its total cost would be around 2.4 billion US dollars.
The Punjab government will provide $1.4 billion for the project while the remaining amount would be provided by the ADB.He said that Punjab government was planning to initially lay down the track on 27 kilometres and if that portion remained successful, then the project would be expanded. After that the Punjab government would present PC-I and detailed engineering design of the whole scheme to the PC.
2 comments:
Is the estimated cost of 2.4 billion US $ the cost of whole project or only for the first phase?
No my friend its only for the Green Line or you can say for the furst phase. We have four lines here (Green, Blue, Orange & Red). See the above picture for various lines routes details.
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