LAHORE, Oct 4: Survey for the $400 million Light Rail Transit System to be called the Lahore Magno Express will begin from Monday.

This was disclosed at a ceremony held here on Friday for handing over of the project compendium to District Nazim Mian Amer Mahmud by Farrulh Nawaz Chughtai, Prof A.Wagner and Charles Sullivan, the representatives of the consortium assigned to build the 45-kilometre elevated rail system from Shahdara to Bhati Gate to Lahore bridge on Ferozepur Road (near Qainchi) and to link it with the New Airport Terminal on the build operate transfer (BOT) basis.

The consortium would bear 85 per cent cost of the project and transfer it to the City District Government after an agreed concession period.

The Punjab government and the Lahore Development Authority would bear the remaining 15 per cent cost in the shape of assistance in providing the available land within the right of way and the possible land pockets owned by the government.

The elevated rail tack would be 17 feet above the existing road level and would use the levitation magnetic technology for traction. The system would not create any hindrance for road traffic. About 300,000 passengers would be able to use the facility daily.—Reporter