Lahore: Punjab Chief Minister (CM) Usman Buzdar on Wednesday issued directives to the secretary local government to identify land for the construction of commercial plazas and apartments along the Orange Line Metro Train (OLMT) project route, a news source reported. The CM also ordered the officials concerned to prepare a comprehensive plan for this purpose.
Previously, the officials had sought the chief minister’s approval for establishing commercial plazas and apartment projects along the OLMT route. Through this initiative, the executive hopes to generate additional revenue.
The commercialisation gig is expected to generate PKR 1.4 billion for the government. As per officials, this projected figure is far less as compared to the funds spent on the OLMT project’s civil works, utility service relocations and other expenditures.
The proposal shared to encourage construction of commercial and residential buildings is primarily meant to make the earning from this project compatible with the amount spent on it.
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