ISLAMABAD: Government will provide Rs5 billion subsidy on the import of CNG buses in a bid to provide cheap travel facilities to the people.
CNG buses would be introduced in Karachi, Rawalpindi, Islamabad, Faisalabad, Multan, Quetta, Hyderabad, Peshawar, Gujranwala and Sukkur, Head of Infrastructure Development Project Facility (IPDF), Ghulam Murtaza Satti told APP on Saturday.
He said around 40 CNG buses would be provided for Rawalpindi and Islamabad to provide cheap travel facilities to the people of the twin cities, adding the government will introduce qualitative CNG bus fleets in various cities.
Transporters can import the CNG buses that would cost around Rs2.5 to Rs3 million, while banks would provide loans with a reasonable markup for this purpose. The government has allocated Rs5 billion as subsidy, including Rs500 million for the current financial year, that would be used to pay the markup of about Rs6.75 lakh on bank loans. The transporter would have to pay the actual amount of the loan, the IPDF head added.
Ghulam Murtaza said that Prime Minister Yousuf Raza Gilani has issued orders to start CNG buses in various cities under the public-private partnership modality to provide relief to the masses in terms of travel facilities.
Source: The News, 27/7/2008