Rs15bn Khi metro bus project set for approval
ISLAMABAD: The federal government is set to clear a rapid transit project for Karachi costing Rs15.4 billion aimed at easing the woes of commuters in the country's largest city.
The Central Development Working Party (CDWP) will consider the project in a meeting to be chaired by Planning Commission Deputy Chairman and Federal Minister of Planning and Development Ahsan Iqbal.
The Green Line Bus Rapid Transit System from Municipal Park, Saddar to K-Electric Power House Chowrangi, Surjani Town will be fully funded by the federal government. The scheme is not part of the current year's Public Sector Development Programme (PSDP) worth Rs525 billion approved by the National Assembly in June.
The project is being undertaken on the directives of Prime Minister Nawaz Sharif and funds will be diverted from ongoing schemes. During a visit to Karachi in July this year, Sharif had announced a federal grant of Rs15 billion for the metro bus project.
CDWP has powers to approve projects valuing up to Rs3 billion and for schemes
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