The suspension of development work on this mega project has cost Rs11 billion to the national exchequer, officials in #Punjab Mass Transit Authority reveal. The estimated premium cost of the project was Rs22 billion but it has increased to Rs30 billion. An additional Rs3 billion has been allocated for the construction of footpaths for this project adding the total premium cost to Rs33 billion.
The Orange Line #MetroOrange Line #Metro System has two components — #CPEC component and local component. The first component of Orange Line is part of the CPEC project whereas the second part is to be funded by the Punjab government. The estimated cost of first component, which includes the civil and E&M works is unchanged i.e. $1,458,141,720 ($1.458 billion). The entire funding for CPEC component has been provided by the #Chinese government. However, the estimated premium cost of local component, which has to be funded by the government of Punjab has been escalated from Rs22 billion to Rs33 billion.