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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.