Pakistan to Provide $66.4 Million for CNG Buses for Karachi
2 July 2006
Daily Times. The City District Government Karachi (CDGK) has devised a program to replace old buses with 8,000 new CNG buses over the next four years.
The federal government is offering Rs 4 billion (US$66.4 million) to help the local transporters to get these buses imported at subsidized rates.
The CDGK has also earmarked Rs 500 million (US$8.3 million) for the scheme under its current fiscal year budget. This will be complemented with an annual allocation of Rs 10 billion (US$166 million) per year for the next three consecutive years.
“The city government is keen to improve the public transport system and this requires close coordination among all the relevant stakeholders,” said [Naib Nazim Nasreen] Jalil.
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