{"id":57708,"date":"2019-11-18T17:56:57","date_gmt":"2019-11-18T12:56:57","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=57708"},"modified":"2020-12-07T12:52:41","modified_gmt":"2020-12-07T07:52:41","slug":"funds-approved-karachi-brts-red-line-project","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/funds-approved-karachi-brts-red-line-project.html","title":{"rendered":"Funds approved for Karachi BRT&#8217;s Red Line project"},"content":{"rendered":"<p>Islamabad: The Asian Infrastructure Investment Bank (AIIB) has approved of the decision to fund the Karachi Bus Rapid Transit (BRT)\u2019s Red Line project \u2014 designed to provide the city with a sustainable and efficient mass transportation system \u2014 by sanctioning a loan of USD 71.81-million, according to news sources.<\/p>\n<p>The AIIB approved of the loan in an executive board meeting held at its headquarters in Beijing on November 11.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/ecnec-approves-gwadar-eastbay-expressway-karachi-brt-other-projects.html\" target=\"_blank\" rel=\"noopener noreferrer\">ECNEC approves Gwadar Eastbay Expressway, Karachi BRT, &amp; other projects<\/a><\/p>\n<p>The major components of this project include:<\/p>\n<ul>\n<li>A red line main corridor running 24.2-kilometre- long<\/li>\n<li>A 2.4-kilometre-long common corridor constructed with all BRT lines merging in the centre.<\/li>\n<li>Direct and feeder service routes constructed off-corridor.<\/li>\n<li>Procurement of natural gas-hybrid bus fleet and system.<\/li>\n<\/ul>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/sindh-govt-directs-operationalise-green-line-brt-march-2020.html\" target=\"_blank\" rel=\"noopener noreferrer\">Sindh govt directs to operationalise Green Line BRT by March 2020<\/a><\/p>\n<p>The launch of the Karachi Bus Rapid Transit <a href=\"https:\/\/www.zameen.com\/news\/karachi-to-get-red-line-brt.html\" target=\"_blank\" rel=\"noopener noreferrer\">(BRT)\u2019s Red Line project<\/a> is slated for August 2020 and the completion date is marked for December 2023. The mass transport system is expected to facilitate citizens by reducing the duration of trips, and by offering them high-quality services for affordable prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Asian Infrastructure Investment Bank (AIIB) has approved of the decision to fund the Karachi Bus Rapid Transit (BRT)\u2019s Red Line project \u2014 designed to provide the city with a sustainable and efficient mass transportation system \u2014 by sanctioning a loan of USD 71.81-million, according to news sources. The AIIB approved of the loan in an executive board meeting held at its headquarters in Beijing on November 11. Read:\u00a0ECNEC approves Gwadar Eastbay Expressway, Karachi BRT, &amp; other projects The major components of this project include: A red line main corridor running 24.2-kilometre- long A 2.4-kilometre-long common corridor constructed with all BRT lines merging in the centre. Direct and feeder service routes constructed off-corridor. Procurement of natural gas-hybrid bus fleet and system. Read:\u00a0Sindh govt directs to operationalise Green Line BRT by March 2020 The launch of the Karachi Bus Rapid Transit (BRT)\u2019s Red Line project is slated for August 2020 and the completion date is marked for December 2023. The mass transport system is expected to facilitate citizens by reducing the duration of trips, and by offering them high-quality services for affordable prices.<\/p>\n","protected":false},"author":75,"featured_media":35580,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[14014],"persona":[],"class_list":{"0":"post-57708","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-details-on-funds-approved-for-karachi-brts-red-line-project","9":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Funds approved for Karachi BRT&#039;s Red Line project - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Asian Infrastructure Investment Bank (AIIB) has approved of the decision to fund the Karachi Bus Rapid Transit (BRT)\u2019s Red Line project \u2014\" \/>\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\/funds-approved-karachi-brts-red-line-project.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Funds approved for Karachi BRT&#039;s Red Line project - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Asian Infrastructure Investment Bank (AIIB) has approved of the decision to fund the Karachi Bus Rapid Transit (BRT)\u2019s Red Line project \u2014\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/funds-approved-karachi-brts-red-line-project.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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