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OLMT losses keep accumulating in Punjab
Project cost, subsidy, deficit surpass projected estimates
OLMT Package I contractor says it will start laying asphalt layer on roads along a nine-kilometre stretch of the track from Tuesday. PHOTO: ABID NAWAZ/EXPRESS
LAHORE:
The Orange Line Metro Train (OLMT) has become a source of financial loss for the province instead of benefiting the Punjab government.
According to sources, several transport projects of the province are being neglected because of the burden of the subsidy of billions of rupees being spent on the Orange Line train service.
The OLMT has faced a Rs900 million loss in the past four months. Only a fraction of the capacity of passengers was utilised, resulting in a daily deficit in the earning of Rs7.1 million.