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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.
Mostly it is controlled by ANP>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>
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, Pakistans 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, Chinas largest hydropower developer, is ready to invest $15 billion in Pakistans troubled energy sector, an investment that could add 10,000 megawatts to Pakistans 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.
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, Pakistans 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, Chinas largest hydropower developer, is ready to invest $15 billion in Pakistans troubled energy sector, an investment that could add 10,000 megawatts to Pakistans 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.
New Recruit
metro system failed in bangkok and kuala lampur
metro system failed in bangkok and kuala lampur
metro system failed in bangkok and kuala lampur
metro system failed in bangkok and kuala lampur
However on the other side of the coin it succeded in thousands of other cities .metro system failed in bangkok and kuala lampur