Punjab Govt. Renews Contract for Lahore Metro Bus At A 43 percent Lower Rate - Android

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Punjab Govt. Renews Contract for Lahore Metro Bus At A 43 percent Lower Rate - Android

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Punjab government and Albayrak Group, a Turkish conglomerate and the current operator of the metro bus service, have signed the… Read More

The post Punjab Govt. Renews Contract for Lahore Metro Bus At A 43% Lower Rate appeared first on .

Punjab government and Albayrak Group, a Turkish conglomerate and the current operator of the metro bus service, have signed the contract extension for the procurement, operations, and maintenance of the Lahore Metro at a significantly lower rate.

According to Chief Minister Punjab, Usman Buzdar, Punjab Mass Transit Authority (PMTA) has renewed the contract of Lahore Metro for the next 4 years at a rate of Rs. 304 per kilometer.

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In September 2012, PMTA and Albayrak Group had signed an 8-year contract of Lahore Metro at a rate of Rs. 368 per kilometer. According to CM Punjab, had the contract been renewed at the same USD rate as 2012, the per kilometer rate would have been Rs. 532. Hence the govt has reduced the rate by almost 43%.