France to give Rs12.3bn loan for Karachi Red Line project

ISLAMABAD: The French government has agreed to provide a soft loan of Rs12.3 billion (65 million euros) for the Bus Rapid Transit (BRT) Red Line Project in Karachi.

In order to facilitate the credit, Ambassador of France in Pakistan Marc Barety and the French Agency for Development (AFD) country director signed a credit financing agreement with Secretary Economic Affairs Division Noor Ahmed in Islamabad.

The project would be co-financed by Asian Development Bank, Asian Infrastructure Investment Bank and Green Climate Fund and AFD.

According to officials, the red line is proposed to connect with the green line (currently under construction) at Numaish station for seamless and connected operations. The red line services will then continue on the shared common corridor from Numaish station till Merewether Tower.

Article continues after this advertisement

Officials said the soft loan of Rs12.3 billion for the project shows the substantial efforts made by development agencies towards the betterment of people’s livelihoods.

“It will be one of the very first collaborative operations for AIIB and GCF in Pakistan on urban development,” a French embassy press release stated.

The project includes construction of 26.6km BRT corridor in Karachi, encompassing the both red line corridor (24.2km) and common corridor segment (2.4km) as well as feeder and direct services routes to the nearby communities.

Beyond the 26.6km corridor infrastructure, the project is innovative in many ways, and on climate change mitigation, the choice is made for the bio-methane hybrid bus technology, powered by a dedicated waste methanisation plant. This technology combined with the massive transport supply, will further limit CO2 emissions from the public transport system.

The holistic street approach for this urban development project is to include organization and facilities for the all public space along the BRT corridor, whereas its gender and social inclusion dimensions are through the adoption of good practices in accessibility and gender mainstreaming.

In addition, the project includes a support component for the transition of the existing bus sector with the integration of informal operators into the new system, which is an essential prerequisite for their proper and full commissioning.

- Advertisement -
Ghulam Abbas
The writer is a member of the staff at the Islamabad Bureau. He can be reached at [email protected]

2 COMMENTS

  1. While Sindh Govt is on board, this will never happen. We are hearing buses for the past 30 to 40 years and it never happened. Every year we hear hundreds of buses will come but this only a dream. I can assure you in the next 50 years its not going to happen. Even PTI Govt is making false promises to Karachites, PTI and its team are very busy in finding flaws of the previous Govt, all their energy is being spent for the past PML(N) rather than concentrating on the future.

  2. Hope for the best, Karachi, insha’Allah will get all their rights,in education, and jobs right from Sindh , and federal government,god bless Pakistan

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Must Read

Covid-19 audit reveals Rs5.24bn corruption by USC

ISLAMABAD: The federal government on Monday released the audit report of expenditures made under COVID-19 related measures, revealing irregularities worth Rs5.24 billion in purchases...