The Orange Train Agreement: What You Need to Know
The Orange Train Agreement is a recent development in the transportation sector of Pakistan. It involves the construction of a mass transit system, which will be run by the Punjab Mass Transit Authority (PMTA). The project is estimated to cost approximately $1.6 billion and will cover a distance of 27 km, with 26 stations along the way.
The Orange Train will serve as an alternative mode of transportation for the residents of Lahore, connecting major commercial and residential areas of the city. It is expected to carry around 250,000 passengers daily, providing a more efficient and comfortable mode of travel.
The project was initiated in 2014, with the aim of reducing traffic congestion and improving the overall transportation system in Lahore. However, the project has been marred by controversies and legal battles, with some claiming that it is a waste of public resources and will damage the city`s heritage sites.
Despite the opposition, the project has continued, and the Orange Train Agreement was signed in 2015 between the Government of Punjab and the Export-Import Bank of China. Under the agreement, the bank will provide a loan of $1.3 billion, while the remaining amount will be financed by the Government of Punjab.
The Orange Train Agreement is a significant development for Pakistan, as it will improve the transportation system and provide job opportunities for the people of Lahore. However, it also raises concerns about the country`s reliance on foreign loans and the potential consequences of such deals in the long run.
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