Sindh CM gives nod for four projects under public private partnership

0
5

Staff Reporter

KARACHI: Sindh Chief Minister Murad Ali Shah on Thursday gave approval for four projects in transport, finance and health sectors to be completed under the public-private partnership mode, read a statement issued by the Sindh government.

The chief minister chaired the 23rd meeting of Public-Private Policy Board and approved the infrastructure component of BRT Blue Line project, intra-city buses project, Green Line and Orange Line bus operation service project, and regional blood centres project.

The board approved the infrastructure component of BRT Blue Line, proposed by a consortium of EA consulting. As per the proposal, private equity in the component would be 16 per cent and Sindh government would bear 14pc expenses, whereas, the rest of 70pc finances would be managed through a loan. A press release issued by the Sindh government didn’t mention that the formula for repayment of the proposed loan neither it disclosed further details except that the board offered that in case of price escalation, the provincial government would bear 50pc of the total cost. The estimated cost of the project would be more than Rs16 billion. The meeting was told that the Transport and Mass Transit Department (TMTD) received an unsolicited proposal on intra-city buses project in the city. It proposes to ply up to 2,000 buses in next two years on the designated routes. As per the proposal, the Sindh Mass Transit Authority (SMTA) would pay a fixed kilometre charge to the operator. The authority would also have to comply with the condition of guaranteed minimum kilometres of each bus per year.

The project is aimed to “complement the BRT Lines and Karachi Circular Railway by providing customers with another option of travelling to various destinations within the city through the buses”.

LEAVE A REPLY