Punjab govt decides to handover Orange Line Train to private companies
LAHORE (92 News) – The Punjab government has decided to handover the Orange Line Metro Train to the private companies.
According to the details garnered, after the government decision, three Chinese and one Pakistani company expressed desire to run Orange Line Train and submitted their offers .
The sources also said that the provincial government will pay as per kilo meter distance to the operators of Orange Line Train.
On Jan 7, the Supreme Court asked companies constructing the Orange Line Metro train to submit Rs1 billion as surety. During the hearing, the companies said that the work was halted because of the failure of the Lahore Development Authority to release funds. The authority released funds worth Rs400 million and Rs600 million to the construction companies.
“The pace of the progress should improve now,” he remarked. The court has asked the companies to tell when the project will be completed. Where is the companies’ guaranty, asked the chief justice.
The lawyer of the companies assured the court that the work will be completed soon.
Earlier, former Punjab senior minister Abdul Aleem Khan had termed the Orange Metro train project a while elephant, saying that there is no option except to complete it.