AIRLINK 74.64 Decreased By ▼ -0.21 (-0.28%)
BOP 5.01 Increased By ▲ 0.03 (0.6%)
CNERGY 4.51 Increased By ▲ 0.02 (0.45%)
DFML 42.44 Increased By ▲ 2.44 (6.1%)
DGKC 87.02 Increased By ▲ 0.67 (0.78%)
FCCL 21.58 Increased By ▲ 0.22 (1.03%)
FFBL 33.54 Decreased By ▼ -0.31 (-0.92%)
FFL 9.66 Decreased By ▼ -0.06 (-0.62%)
GGL 10.43 Decreased By ▼ -0.02 (-0.19%)
HBL 114.29 Increased By ▲ 1.55 (1.37%)
HUBC 139.94 Increased By ▲ 2.50 (1.82%)
HUMNL 12.25 Increased By ▲ 0.83 (7.27%)
KEL 5.21 Decreased By ▼ -0.07 (-1.33%)
KOSM 4.50 Decreased By ▼ -0.13 (-2.81%)
MLCF 38.09 Increased By ▲ 0.29 (0.77%)
OGDC 139.16 Decreased By ▼ -0.34 (-0.24%)
PAEL 25.87 Increased By ▲ 0.26 (1.02%)
PIAA 22.20 Increased By ▲ 1.52 (7.35%)
PIBTL 6.80 No Change ▼ 0.00 (0%)
PPL 123.58 Increased By ▲ 1.38 (1.13%)
PRL 26.81 Increased By ▲ 0.23 (0.87%)
PTC 14.01 Decreased By ▼ -0.04 (-0.28%)
SEARL 58.53 Decreased By ▼ -0.45 (-0.76%)
SNGP 68.01 Decreased By ▼ -0.94 (-1.36%)
SSGC 10.47 Increased By ▲ 0.17 (1.65%)
TELE 8.39 Increased By ▲ 0.01 (0.12%)
TPLP 11.05 Decreased By ▼ -0.01 (-0.09%)
TRG 63.21 Decreased By ▼ -0.98 (-1.53%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.42 Decreased By ▼ -0.03 (-2.07%)
BR100 7,941 Increased By 103.5 (1.32%)
BR30 25,648 Increased By 196 (0.77%)
KSE100 75,983 Increased By 868.6 (1.16%)
KSE30 24,445 Increased By 330.8 (1.37%)
Top News

Asian Development Bank approves $235mn loan for Karachi’s BRT

The Asian Development Bank (ADB) has approved a loan of $235 million to help in developing Karachi Bus Rapid Transit
Published July 5, 2019

The Asian Development Bank (ADB) has approved a loan of $235 million to help in developing Karachi Bus Rapid Transit Red Line project.

According to a press release by the ADB, the Karachi BRT Red Line Project will deliver the 26.6 kilometres BRT Line Red Line and its associated facilities. This will benefit as many as 1.5 million people, about 10% of Karachi’s population, the statement added.

The ADB added that it aims to develop a BRT in Karachi, which will enhance access to quality public transport for its people with its innovative energy and climate resilience features. “There is a need for a more sustainable, reliable, safe, and gender and environment-friendly transportation system in a city as dense and rapidly growing as Karachi," the press release quoted ADB Principal Urban Development Specialist (Transport) for Central and West Asia David Margonsztern.

"The project will restructure the entire width of the Red Line BRT corridor which includes the construction of 29 stations, dedicated lanes, improvement of the mixed-traffic roadway with up to six lanes in each direction, inclusion of on-street parking and landscaped green areas in various locations, improvement of the drainage system to climate-proof the corridor and installation of nonmotorised transport infrastructure such as bicycle lanes, improved sidewalks, and energy-efficient street lights," the statement further said.

Copyright Business Recorder, 2019

Comments

Comments are closed.