Exam Bank of China to provide loan for Orange Train project
LAHORE: Exam Bank of China will provide soft loan for Lahore Orange Line Metro Train Project and the loan will be repaid by Punjab government within its own resources. The Spokesman of Punjab government has clarified that Lahore Orange Line Metro Train Project has no link with China Pakistan Economic Corridor (CPEC) and the remarks attributed to Kh. Haris during the hearing of the case have no relevance with the said lawyer. The spokesman further said that the lawyer representing the government has stated that just as CPEC project is being implemented under inter-governmental framework between Pakistan and China, similarly, a separate agreement has been made between the two countries for Lahore Orange Line Metro Train Project. He said that these remarks do not mean that Lahore Orange Line Metro Train Project is the part of CPEC. The Spokesman said the agreement of provision of loan for Lahore Orange Line Metro Train Project has been made due to tireless personal efforts of Chief Minister Punjab Muhammad Shehbaz Sharif and Chinese government is providing soft term loan for the project through Exam Bank of China which will be repaid by Punjab government within its own resources.