Punjab government and Albayrak Group, a Turkish conglomerate and thecurrent operator of the metro bus service, have signed the contractextension for the procurement, operations, and maintenance of the LahoreMetro at a significantly lower rate.
According to Chief Minister Punjab, Usman Buzdar, Punjab Mass TransitAuthority (PMTA) has renewed the contract of Lahore Metro for the next 4years at a rate of Rs. 304 per kilometer.——————————
In September 2012, PMTA and Albayrak Group had signed an 8-year contract ofLahore Metro at a rate of Rs. 368 per kilometer. According to CM Punjab,had the contract been renewed at the same USD rate as 2012, the perkilometer rate would have been Rs. 532. Hence the govt has reduced the rateby almost 43%.
