LAHORE: The Punjab government and different companies on Thursday signed two Memorandums of Understanding (MoUs) for improving Lahore Metro Bus Service here at the Civil Secretariat.
The MD of Punjab Masstransit Authority Sibtain Fazal-e-Haleem and CEO Veda-Ammiza JV Company Muhammad Mikail Khan signed an MoU to deal with the procurement, operations and maintenance matters of Lahore metro bus service.
The MD Punjab Masstransit Authority Sibtain Fazal-e-Haleem and GM Marketing and Sales of National Radio & Telecommunication and GCS (Pvt) Ltd also signed another MoU to manage the ticketing and fare-collection of Lahore metro bus service.
Speaking on the occasion, Transport Minister Jahanzeb Khan Khitchi appreciated the signing of MoUs and maintained that it would help improve the metro bus service. Vast investment opportunities are available in transport and other sectors and investors should take full benefit of the investment-friendly policies of the Punjab government, he added.
Jahanzeb Khitchi maintained that merit-based, transparent policies have benefited the national kitty and a new example has been set by saving billions of rupees in the auction to operate Lahore metro bus service. The bid to operate the metro bus system was 20 per cent less than the previous tenure and this would save more than 300 crore rupees, he said. The PTI is following a public welfare agenda to provide better transport facilities to the citizens. The transport sector will be developed on modern lines to facilitate the commuters, he added.
Secretary Transport Shehryar Sultan, GM (Op) Punjab Masstransit Authority Aziz Shah, Additional Secretary (Planning) Transport Department Muhammad Zulqarnain, Project Director Transport Planning Unit Dr Waseem Akram and others were also present.
