LAHORE – An agreement was signed between the Punjab government and China in Beijing on the Lahore Mass Transit Project to be completed at a cost of US$1.7 billion.
After the Taunsa Power Project agreement, it is the second big achievement of the delegation visiting China-led by Punjab Chief Minister Shahbaz Sharif. LTC Chairman Khawaja Ahmed Hassan on behalf of the Punjab government whereas Zhang Shiping, vice president of NORINCO, an international company of China, signed the agreement.
Seven-kilometre portion of urban rail spreading over a stretch of 27-km in Lahore from Gajumata to Shahdara on Ferozepur Road would be laid underground. As much as 85 percent capital would be provided by China.
Addressing the agreement signing ceremony, Shahbaz said the project prepared with the cooperation of China would prove to be a beginning of public transport system revolution in Pakistan.
He said the economic cooperation by China with Punjab had transformed into solid agreements out of the MoUs. “Work on this project will be started during this year, and the Punjab government is ready to welcome the Chinese engineers and skilled workers for this purpose,” he added.
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