{"id":46809,"date":"2019-01-04T12:34:49","date_gmt":"2019-01-04T07:34:49","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=46809"},"modified":"2019-01-04T12:34:49","modified_gmt":"2019-01-04T07:34:49","slug":"lda-told-to-release-olmt-funds","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lda-told-to-release-olmt-funds.html","title":{"rendered":"LDA told to release OLMT funds"},"content":{"rendered":"<p>Islamabad: The Lahore Development Authority (LDA) has been directed by the Supreme Court (SC) to release funds worth PKR 1 billion for the Orange Line Metro Train (OLMT) project, according to a news report.<\/p>\n<p>A three-member bench of the SC headed by Chief Justice Mian Saqib Nisar directed the relevant construction companies to complete the project on time, or face penalties. Nisar also directed the National Accountability Bureau (NAB) to not get involved in the case until specifically requested to do so.<\/p>\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/sc-displeased-over-non-implementation-of-orders-on-olmt.html\">OLMT: SC displeased over non-implementation of orders<\/a><\/p>\n<p>Recently, <a href=\"https:\/\/www.zameen.com\/news\/olmt-operations-contract-ready-to-be-awarded-to-the-private-sector.html\">the contract<\/a> for the project\u2019s maintenance &amp; operations was prepared, and is to be awarded to the private sector. \u00a0The Punjab Mass Transit Authority has created a strategy for this purpose, and made the decision to have the contract signed on a fixed-cost-basis.\u00a0 The estimated annual cost of OLMT is expected to go up to PKR 6 billion &#8211; of which the government will bear PKR 1 billion through electricity bills.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Lahore Development Authority (LDA) has been directed by the Supreme Court (SC) to release funds worth PKR 1 billion for the Orange Line Metro Train (OLMT) project, according to a news report. A three-member bench of the SC headed by Chief Justice Mian Saqib Nisar directed the relevant construction companies to complete the project on time, or face penalties. Nisar also directed the National Accountability Bureau (NAB) to not get involved in the case until specifically requested to do so. Read: OLMT: SC displeased over non-implementation of orders Recently, the contract for the project\u2019s maintenance &amp; operations was prepared, and is to be awarded to the private sector. \u00a0The Punjab Mass Transit Authority has created a strategy for this purpose, and made the decision to have the contract signed on a fixed-cost-basis.\u00a0 The estimated annual cost of OLMT is expected to go up to PKR 6 billion &#8211; of which the government will bear PKR 1 billion through electricity bills.<\/p>\n","protected":false},"author":58,"featured_media":26798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[234,5549],"persona":[],"class_list":["post-46809","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-lda","tag-olmt"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LDA told to release OLMT funds - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Lahore Development Authority (LDA) has been directed by the Supreme Court (SC) to release funds worth PKR 1 billion for the Orange Line\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/lda-told-to-release-olmt-funds.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA told to release OLMT funds - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Lahore Development Authority (LDA) has been directed by the Supreme Court (SC) to release funds worth PKR 1 billion for the Orange Line\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lda-told-to-release-olmt-funds.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-04T07:34:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2017\/07\/lda.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Shanzay Asim\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shanzay Asim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"LDA told to release OLMT funds - Zameen News","description":"Islamabad: The Lahore Development Authority (LDA) has been directed by the Supreme Court (SC) to release funds worth PKR 1 billion for the Orange Line","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/lda-told-to-release-olmt-funds.html","og_locale":"en_US","og_type":"article","og_title":"LDA told to release OLMT funds - Zameen News","og_description":"Islamabad: The Lahore Development Authority (LDA) has been directed by the Supreme Court (SC) to release funds worth PKR 1 billion for the Orange Line","og_url":"https:\/\/www.zameen.com\/news\/lda-told-to-release-olmt-funds.html","og_site_name":"Pakistan Real Estate News &amp; 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