{"id":70608,"date":"2020-09-17T11:21:48","date_gmt":"2020-09-17T06:21:48","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70608"},"modified":"2020-09-17T11:21:49","modified_gmt":"2020-09-17T06:21:49","slug":"lahore-metro-bus-service-contract-renewed-43pc-lower-rate","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lahore-metro-bus-service-contract-renewed-43pc-lower-rate.html","title":{"rendered":"Lahore Metro Bus service contract renewed at 43% lower rate"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Lahore: The Punjab government and Albayrak Group on Wednesday renewed the contract negotiations for the Lahore Metro Bus service at a rate 43% lower than the previously agreed conditions, a news source reported. As per the details shared, both sides have extended the agreement for the procurement, operations, and maintenance of the bus service.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/metro-bus-service-resumed-lahore-twin-cities.html\" target=\"_blank\" rel=\"noreferrer noopener\">Metro Bus service resumed in Lahore, twin cities<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Punjab Chief Minister (CM) Usman Buzdar stated that the Punjab Mass Transit Authority (PMTA) had renewed the contract negotiations for the Lahore Metro Bus Service for the next four years at a rate of PKR 304 per kilometre.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In 2012, PMTA and Albayrak Group had signed an eight-year contact for the project at a rate of PKR 368 per kilometre. In this regard, the CM stated that if they had renewed the contract at the same rate, the price would have soared to PKR 532 per kilometre.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/rrud-pm-breaks-ground-for-pakistans-second-planned-city-in-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">RRUD: PM breaks ground for Pakistan\u2019s second planned city in Lahore<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On the other hand, Albayrak Group informed the PMTA that the metro buses procured for the project had an average service life of 12 years. The company officials said that the buses had remained unused for at least 12 months due to the suspension of services because of public holidays, strikes, and the coronavirus lockdown. Therefore, they added that the buses had only operated for seven years and could run for the next five years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab government and Albayrak Group on Wednesday renewed the contract negotiations for the Lahore Metro Bus service at a rate 43% lower than the previously agreed conditions, a news source reported. As per the details shared, both sides have extended the agreement for the procurement, operations, and maintenance of the bus service. Read: Metro Bus service resumed in Lahore, twin cities Punjab Chief Minister (CM) Usman Buzdar stated that the Punjab Mass Transit Authority (PMTA) had renewed the contract negotiations for the Lahore Metro Bus Service for the next four years at a rate of PKR 304 per kilometre. In 2012, PMTA and Albayrak Group had signed an eight-year contact for the project at a rate of PKR 368 per kilometre. In this regard, the CM stated that if they had renewed the contract at the same rate, the price would have soared to PKR 532 per kilometre. Read: RRUD: PM breaks ground for Pakistan\u2019s second planned city in Lahore On the other hand, Albayrak Group informed the PMTA that the metro buses procured for the project had an average service life of 12 years. The company officials said that the buses had remained unused for at least&hellip;<\/p>\n","protected":false},"author":68,"featured_media":69199,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[39684],"persona":[],"class_list":["post-70608","post","type-post","status-publish","format-standard","has-post-thumbnail","category-development-projects","tag-details-on-lahore-metro-bus-service-contract-renewed-at-43-lower-rate","cat-20385-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lahore Metro Bus service contract renewed - Zameen News<\/title>\n<meta name=\"description\" content=\"The Punjab government and Albayrak Group have renewed the contract for Lahore Metro Bus service at a rate 43% lower than the previously agreed conditions.\" \/>\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\/lahore-metro-bus-service-contract-renewed-43pc-lower-rate.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lahore Metro Bus service contract renewed - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Punjab government and Albayrak Group have renewed the contract for Lahore Metro Bus service at a rate 43% lower than the previously agreed conditions.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lahore-metro-bus-service-contract-renewed-43pc-lower-rate.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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