Bahria Town to build 54km expressway in Karachi: Malik Riaz
ISLAMABAD: Business tycoon and Bahria Town chairman Malik Riaz on Thursday announced his plans of building a 54-kilometre expressway in Karachi.
Bahria Town will lend the Sindh provincial government Rs42 billion to execute the project, which Riaz said would be completed in 11-months time. The loan will have a repayment period of 15 years.
The project will enable approximately a
By GEO ENGLISH
February 05, 2015
ISLAMABAD: Business tycoon and Bahria Town chairman Malik Riaz on Thursday announced his plans of building a 54-kilometre expressway in Karachi.
Bahria Town will lend the Sindh provincial government Rs42 billion to execute the project, which Riaz said would be completed in 11-months time. The loan will have a repayment period of 15 years.
The project will enable approximately a quarter million people to travel on the expressway on a daily basis, said the Bahria Town chairman.
Riaz added that an agreement has also been reached with a private company for the procurement of 150 public transport buses for use on the expressway.
Bahria Town will lend the Sindh provincial government Rs42 billion to execute the project, which Riaz said would be completed in 11-months time. The loan will have a repayment period of 15 years.
The project will enable approximately a quarter million people to travel on the expressway on a daily basis, said the Bahria Town chairman.
Riaz added that an agreement has also been reached with a private company for the procurement of 150 public transport buses for use on the expressway.
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