ISLAMABAD: The Executive Committee of the National Economic Council (ECNEC) approved 538.5 billion rupees 10 development projects. 165 billion rupees Orange Line Metro Train Project for Lahore is also included in it.
Finance Minister Ishaq Dar while chairing the ECNEC meeting approved a package of 122.95 billion rupees for five projects of Pakistan Railways (PR).
Officials said that the Punjab government had already signed an agreement with China for construction of a 27.1km dedicated signal free corridor for the metro train mass transit system in Lahore.
The Lahore Development Authority (LDA) would act as the executing agency for the mega project. The project will be completed within 27 months. The track will be able to allow two trains running at a time on the both sides. The train mass transit system could carry 30,000 passengers per hour.
The Punjab government would finance the project from its own resources and loan from China.
The meeting also approved a 9.102 billion rupees project for the Ministry of National Health Services. Poorest families of the 23 districts will be assisted with the PM’s National Health Insurance Program.
