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Metro project to get 64 new buses
Lahore
March 17, 2021
LAHORE:A syndicate of banks led by the Bank of Punjab as mandated lead adviser and arranger signed a financing agreement of Rs2.6 billion with the VEDA Transit Solutions for provision of 64 new environment friendly buses to Lahore Metro Bus.
The other banks included in the syndicates are Samba Bank Limited, Askari Bank Limited, Bank Alfalah Limited and JS Bank Limited. These banks acted as co-arrangers for the transaction.
Director VEDA Muhammad Ammar Khan and head of Investment Bank of Punjab Rizwan Hameed signed the financing agreement in the presence of Minister for Transport Jehanzeb Khan Khichi at a ceremony here on Tuesday. Speaking on the occasion, Jehanzeb Khan Khichi said that the Punjab government will take every step to ease the difficulties of general public, especially in the provision of public transport service. Lahore Metro Bus is a vital infrastructure project of the city and over time it has turned out t