Lahore: For Orange Line Metro Train Project (OLMTP), funds worth PKR 1.45 billion have been released by the Chinese Axiom Bank, according to a new source. A formal request was placed by the Lahore Development Authority (LDA) for issuance of funds. After receiving funds, the Punjab Mass Authority has also issued cheque. As soon as the LDA receives funds, payments will be made to the contractors hired for all packages of the project. Reportedly, Axiom Bank has sped up the process of fund issuance after the Supreme Court of Pakistan gave verdict in favour of the project.
