Lahore metro project finalised

[Xracer]

Yes For Sure Bro

 

[Safriz]

Sindh Government is not interested in it. Mustafa Kamal and Ishrat ul Ibad tried their best to convince the Sindh government since a Japanese firm was ready to fund it but our Sindh Government which is ruled by jagirdars from Interior Sindh wont let Karachi develop.
This is why I want Karachi to become a province.

karachi public transport is a multibillion RS business. currently run wholely by gangstera from KPK and sindhi lords.
they wont let state intervention. no matter how benificient its for people

 

[Patriot]

karachi public transport is a multibillion RS business. currently run wholely by gangstera from KPK and sindhi lords.
they wont let state intervention. no matter how benificient its for people

Mostly it is controlled by ANP>

 

[Safriz]

Mostly it is controlled by ANP>

with mqm burning public transport at every possible oppertunity

 

[AZADPAKISTAN2009]

iSLAMABAD: The Export-Import Bank of China will loan Pakistan $1.7 billion to develop a city-wide train system in the eastern city of Lahore, a senior Pakistani government official said on Wednesday.


Reference:
China Eximbank to lend Pak $1.7bn for train system | Business | DAWN.COM

The 15-year loan will be disbursed in the next five years, and negotiations with Eximbank are under way to finalise other details, Khawaja Ahmed Hassan, chairman of the Lahore Transport Company (LTC), said.

“The bank agreed to lend us the money with a two-year grace period, and our aim is to get it at six per cent interest,” he told Reuters.

The Punjab government recently agreed to award the 27 km (16.7 mile) train line contract project to the Chinese company China North Industries Corp (Norinco). In 2008, a French company had estimated the cost of the project at $2.4 billion.

The Chinese “were very kind and they brought down the cost of the project to $1.7 billion,” Hassan said.

He said the project was likely to begin by the end of 2011.

Lahore, the capital of Punjab province, Pakistan’s most populous and prosperous province, is home to more than five million people.

Officials expect the new transport system, the first of its kind in the country, will substantially decrease road traffic.

“There will be a big change. If we are able to bring here the system which we saw in China, thousands of vehicles (will) eventually go off the road,” Hafiz Nauman, a provincial lawmaker and senior member of the LTC, said.

He said another Chinese company will supply 111 buses to the city in June.

Seen as an “all-weather friend” to Pakistan, China has invested heavily in infrastructure development, particularly in the strategic and mineral-rich southwest, bordering Iran and Afghanistan.

China Three Gorges Corp, China’s largest hydropower developer, is ready to invest $15 billion in Pakistan’s troubled energy sector, an investment that could add 10,000 megawatts to Pakistan’s main grid over the next 10 years, a senior company official told Reuters in an interview on April 7.

China is a main supplier of military and defence hardware to Pakistan, and has helped the country build nuclear power plants.

 

[American Pakistani]

iSLAMABAD: The Export-Import Bank of China will loan Pakistan $1.7 billion to develop a city-wide train system in the eastern city of Lahore, a senior Pakistani government official said on Wednesday.


Reference:
China Eximbank to lend Pak $1.7bn for train system | Business | DAWN.COM

The 15-year loan will be disbursed in the next five years, and negotiations with Eximbank are under way to finalise other details, Khawaja Ahmed Hassan, chairman of the Lahore Transport Company (LTC), said.

“The bank agreed to lend us the money with a two-year grace period, and our aim is to get it at six per cent interest,” he told Reuters.

The Punjab government recently agreed to award the 27 km (16.7 mile) train line contract project to the Chinese company China North Industries Corp (Norinco). In 2008, a French company had estimated the cost of the project at $2.4 billion.

The Chinese “were very kind and they brought down the cost of the project to $1.7 billion,” Hassan said.

He said the project was likely to begin by the end of 2011.

Lahore, the capital of Punjab province, Pakistan’s most populous and prosperous province, is home to more than five million people.

Officials expect the new transport system, the first of its kind in the country, will substantially decrease road traffic.

“There will be a big change. If we are able to bring here the system which we saw in China, thousands of vehicles (will) eventually go off the road,” Hafiz Nauman, a provincial lawmaker and senior member of the LTC, said.

He said another Chinese company will supply 111 buses to the city in June.

Seen as an “all-weather friend” to Pakistan, China has invested heavily in infrastructure development, particularly in the strategic and mineral-rich southwest, bordering Iran and Afghanistan.

China Three Gorges Corp, China’s largest hydropower developer, is ready to invest $15 billion in Pakistan’s troubled energy sector, an investment that could add 10,000 megawatts to Pakistan’s main grid over the next 10 years, a senior company official told Reuters in an interview on April 7.

China is a main supplier of military and defence hardware to Pakistan, and has helped the country build nuclear power plants.

Good news.

 

[Veeru]

iSLAMABAD: The Export-Import Bank of China will loan Pakistan $1.7 billion to develop a city-wide train system in the eastern city of Lahore, a senior Pakistani government official said on Wednesday.


Reference:
China Eximbank to lend Pak $1.7bn for train system | Business | DAWN.COM

The 15-year loan will be disbursed in the next five years, and negotiations with Eximbank are under way to finalise other details, Khawaja Ahmed Hassan, chairman of the Lahore Transport Company (LTC), said.

“The bank agreed to lend us the money with a two-year grace period, and our aim is to get it at six per cent interest,” he told Reuters.

The Punjab government recently agreed to award the 27 km (16.7 mile) train line contract project to the Chinese company China North Industries Corp (Norinco). In 2008, a French company had estimated the cost of the project at $2.4 billion.

The Chinese “were very kind and they brought down the cost of the project to $1.7 billion,” Hassan said.

He said the project was likely to begin by the end of 2011.

Lahore, the capital of Punjab province, Pakistan’s most populous and prosperous province, is home to more than five million people.

Officials expect the new transport system, the first of its kind in the country, will substantially decrease road traffic.

“There will be a big change. If we are able to bring here the system which we saw in China, thousands of vehicles (will) eventually go off the road,” Hafiz Nauman, a provincial lawmaker and senior member of the LTC, said.

He said another Chinese company will supply 111 buses to the city in June.

Seen as an “all-weather friend” to Pakistan, China has invested heavily in infrastructure development, particularly in the strategic and mineral-rich southwest, bordering Iran and Afghanistan.

China Three Gorges Corp, China’s largest hydropower developer, is ready to invest $15 billion in Pakistan’s troubled energy sector, an investment that could add 10,000 megawatts to Pakistan’s main grid over the next 10 years, a senior company official told Reuters in an interview on April 7.

China is a main supplier of military and defence hardware to Pakistan, and has helped the country build nuclear power plants.

Pakistan is negotiating with china to charge 6% interest that means china is charging more then that.

It's ridicules even 6 % is too much as per international norms even India charges less interest then chinese are charging from their all weather friend.

After all china will benefit by getting the whole order of steel, electric parts, equipments, trains coaches, construction contract, jobs etc. etc.

Even then chinese want to milk it dry by charging huge interest rate.

 

[King Solomon]

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[Tomato boy]

Any Update??

 

[Zibago]

metro system failed in bangkok and kuala lampur

 

[SpArK]

metro system failed in bangkok and kuala lampur

Dont look at failures. Metro will ease transport and congestion and do good in long run.

And your railways should seperatly find its own energy source like solar or wind set up seperatly and not burden public.

 

[Rusty]

metro system failed in bangkok and kuala lampur

how so?

And even if it did, it succeeded in every other country.
Metro is the only solution to city traffic problem, there is no other choice.

 

[Nothing]

metro system failed in bangkok and kuala lampur

There are many reasons for failure .. if route is not effective for commuter .. like here in my city we have light train system but to rich station I have to drive for 20 mins and search for parking and then take train for airport .. end to end it will take 60 minutes minimum.. and drive to airport from my place if 40-45 minutes .. and government will keep advertise to use light rail.
mostly it will be successful if build parallel to congested routes and from major population center to commercial centers and keep ticket prices affordable to common men.

 

[Edevelop]

metro system failed in bangkok and kuala lampur

You really need to look into this. It eases traffic problems and it is affordable for everyone.

 

[Backbencher]

metro system failed in bangkok and kuala lampur

However on the other side of the coin it succeded in thousands of other cities .