Islamabad: The Asian Infrastructure Investment Bank (AIIB) has approved of the decision to fund the Karachi Bus Rapid Transit (BRT)’s Red Line project — designed to provide the city with a sustainable and efficient mass transportation system — by sanctioning a loan of USD 71.81-million, according to news sources.
The AIIB approved of the loan in an executive board meeting held at its headquarters in Beijing on November 11.
The launch of the Karachi Bus Rapid Transit (BRT)’s Red Line project is slated for August 2020 and the completion date is marked for December 2023. The mass transport system is expected to facilitate citizens by reducing the duration of trips, and by offering them high-quality services for affordable prices.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
