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Daily Times - Leading News Resource of Pakistan
CNG bus project to be launched in Sindh soon: 500 CNG buses for city in 1st phase
KARACHI: The Sindh government would soon launch the Shaheed Benazir Bhutto CNG Bus Project based on public-private partnership for the improvement of the transport system in Sindh, and initially 500 CNG buses out of the planned 4,000 would be introduced in Karachi.
Sindh Chief Minister Qaim Ali Shah announced this while presiding over a meeting regarding transport facilities in the province held at the Chief Ministers House on Wednesday.
Shah said the project was aimed at bringing an environment friendly transport system on the desire of President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani.
According to an official handout, the chief minister directed to initiate the project from Karachi and later extend it to other parts of the province.
Earlier, Karachi Mass Transit Cell Director General Malik Zaheerul Islam in his briefing said that the Planning Commission of Pakistan had allocated Rs 5 billion for the project based on a detailed study sponsored by the government, and its modalities were being worked out by a steering committee after consultative meetings with all stakeholders.
He added that in its meeting on July 16, 2008, the federal cabinet had endorsed the project and extended some additional favours to the operators for ten major cities namely Karachi, Lahore, Quetta, Peshawar, Faisalabad, Multan, Rawalpindi/Islamabad, Hyderabad, Gujranwala and Sukkur.
He said that a total of 4,000 CNG buses would be operated within the next five years and in the first phase, 500 buses would be introduced in Karachi. Islam added that the repayment period for the buses would be five years while the federal government would provide a subsidy of Rs 6,77,181 over the five-year period on the cost of each bus. Besides, an amount of Rs 300,000 would be provided as a part of down payment and Rs 3,77,181 as interest subsidy payable in five years and the buses would be exempted from the import duty of 15 percent, he further added.
The meeting was informed that the total investment in the project was about Rs 21 billion including the federal governments subsidy of Rs 2.5 billion and about 20,000 direct and several indirect job opportunities would be generated through it. Moreover, the environment would also benefit from cleaner exhaust fumes and reduced noise pollution.
About four million passengers would enjoy safe, comfortable and efficient public transport facilities at an affordable fare with the induction of these buses. staff report
CNG bus project to be launched in Sindh soon: 500 CNG buses for city in 1st phase
KARACHI: The Sindh government would soon launch the Shaheed Benazir Bhutto CNG Bus Project based on public-private partnership for the improvement of the transport system in Sindh, and initially 500 CNG buses out of the planned 4,000 would be introduced in Karachi.
Sindh Chief Minister Qaim Ali Shah announced this while presiding over a meeting regarding transport facilities in the province held at the Chief Ministers House on Wednesday.
Shah said the project was aimed at bringing an environment friendly transport system on the desire of President Asif Ali Zardari and Prime Minister Yousaf Raza Gilani.
According to an official handout, the chief minister directed to initiate the project from Karachi and later extend it to other parts of the province.
Earlier, Karachi Mass Transit Cell Director General Malik Zaheerul Islam in his briefing said that the Planning Commission of Pakistan had allocated Rs 5 billion for the project based on a detailed study sponsored by the government, and its modalities were being worked out by a steering committee after consultative meetings with all stakeholders.
He added that in its meeting on July 16, 2008, the federal cabinet had endorsed the project and extended some additional favours to the operators for ten major cities namely Karachi, Lahore, Quetta, Peshawar, Faisalabad, Multan, Rawalpindi/Islamabad, Hyderabad, Gujranwala and Sukkur.
He said that a total of 4,000 CNG buses would be operated within the next five years and in the first phase, 500 buses would be introduced in Karachi. Islam added that the repayment period for the buses would be five years while the federal government would provide a subsidy of Rs 6,77,181 over the five-year period on the cost of each bus. Besides, an amount of Rs 300,000 would be provided as a part of down payment and Rs 3,77,181 as interest subsidy payable in five years and the buses would be exempted from the import duty of 15 percent, he further added.
The meeting was informed that the total investment in the project was about Rs 21 billion including the federal governments subsidy of Rs 2.5 billion and about 20,000 direct and several indirect job opportunities would be generated through it. Moreover, the environment would also benefit from cleaner exhaust fumes and reduced noise pollution.
About four million passengers would enjoy safe, comfortable and efficient public transport facilities at an affordable fare with the induction of these buses. staff report