Bahria Town signs Karachi Blue Line project deal with a Chinese group
Bahria Town and China Railway 20 Bureau Group Corporation (CR20G) has inked a deal on the development of the Bus Rapid Transit Blue Line project in Karachi, states a news report.
According to details, the agreement was signed by Bahria Town Chairman Malik Riaz and CR20G Chairman Deng Yong. Reportedly, CR20G, which is a subsidiary of China Railway Construction Corporation Limited, is currently working on Lahore-Abdul Hakeem Motorway, a project worth $1.5 billion.
Per the news report, Bahria Town has submitted an UnSolicited Proposal for the Blue Line project under private-public partnership mode to the Sindh Government. Tender invites for this project are expected to start soon. Meanwhile, per the news report, certain international financial institutions are also interested in financing the project.
Muhammed Hanif Memon
Founder and Editor in Chief of Monthly Automark Magazine since 2006. Magazine published from Karachi Pakistan covers Automotive industry of Pakistan, car, motorcycle and tractor news. Magazine distributed in Karachi, Lahore, Hyderabad, Multan, Islamabad, Gujranwala, Faisalabad.