Business tycoon and Bahria Town chairman Malik Riaz on Thursday announced his plans of building a 54-kilometre expressway in Karachi.
Bahria Town will lend the Sindh provincial government Rs42 billion to execute the project, which Riaz said would be completed in 11-months time. The loan will have a repayment period of 15 years.
The project will enable approximately a quarter million people to travel on the expressway on a daily basis, said the Bahria Town chairman.
Riaz added that an agreement has also been reached with a private company for the procurement of 150 public transport buses for use on the expressway.