KARACHI: Chinese firm offers $83m investment in transport
KARACHI, Feb 10: A five-member Chinese delegation, led by Ms Sheng, called on Sindh Minister for Labour, Transport, Industries and Commerce Muhammad Adil Siddiqui at his office and offered investment of US$83.33 million in transport sector.
The offer includes wide-body environment-friendly CNG buses, besides establishing CNG fuel stations and fleet operators in the province.
Sindh Transport Secretary Nasar Hayat and representatives of Provincial Committee on Investment, Muslim Abbasi, Younis Haji Usman, Nazir Haji Usman were also present.
Expressing satisfaction over the investment atmosphere in the province, Hier Bus Company Director Mr Tong and Suz Zou Meisheng President Ms Sheng said they had reviewed inter-city and intra-city routes in the province, where people could be facilitated with safe and conformable transport services through running pollution-free CNG buses.
They said the company was keen to work on this project under public-private partnership. In coordination with homeland transport, the company which would establish terminals for inter-city and intra-city fleets besides CNG stations.
The transport minister said the province was safe and attractive for foreign investment. There were vast investment opportunities in other sectors also, he added.
He said the government through its policies had maintained law and order while foreign investors were being provided facilities for investment on 100 per cent equity basis.
The government was working on other projects as well to improve transport infrastructure for which it was necessary to introduce larger number of CNG buses under Urban Transport Scheme, he added.
Adil Siddiqui assured the delegation of all-out assistance on behalf of Sindh government.—PPI
