Daewoo To Transfer Buses To TransPeshawar After Contract Expiry
Fahad Shabbir (@FahadShabbir) Published October 14, 2024 | 07:00 PM
Daewoo Pakistan Express Bus Service Limited, which operates and maintains the Bus Rapid Transit (BRT) system in Peshawar, has agreed to transfer ownership of its 244 buses to TransPeshawar once its 12-year contract expires
PESHAWAR, (UrduPoint / Pakistan Point News - 14th Oct, 2024) Daewoo Pakistan Express Bus Service Limited, which operates and maintains the Bus Rapid Transit (BRT) system in Peshawar, has agreed to transfer ownership of its 244 buses to TransPeshawar once its 12-year contract expires.
In a letter addressed to the Chief Minister of Khyber Pakhtunkhwa, Daewoo Pakistan's CEO, Faisal Ahmed Siddiqui, confirmed the company's commitment to waiving the ownership clause, ensuring a smooth handover of buses while maintaining other contractual obligations.
Advisor to Chief Minister on Finance, Muzzammil Aslam in a statement said, "After the successful settlement of BRT dispute, Chief Minister Ali Amin Gandapur has successfully got the waiver from Daewoo Pakistan regarding the ownership of 244 BRT buses at the end of contract. We are really thankful to Daewoo Pakistan and congratulations to residents of Khyber Pakhtunkhwa"
The company operates 159 buses from the Chamkani Depot and 85 from the Mall of Hayatabad Depot under separate contracts with the Khyber Pakhtunkhwa government.
Related Topics
Recent Stories
Names of 23 Pakistanis added to PCB for allegedly attacking ex-CJP Isa’s vehic ..
No increase in passport fee, clarifies Directorate of Immigration
Gang-rape suspect arrested in Bhakkar
Lahore tops list of world’s most polluted cities as smog crisis worsens
Birth anniversary of Dr. Allama Muhammad Iqbal today
Section 144 imposed in Rawalpindi amid PTI’s rally in Swabi
Passports Fees-Check complete details here
Pakistan, Australia to face off each other in final ODI tomorrow
24 killed, 50 injured in blast at Quetta Railways station
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 9 November 2024
Today Gold Rate in Pakistan 09 November 2024
PITB Revamps Punjab Govt Portal
More Stories From Pakistan
-
Atta Tarar visits NA-177, meets his voters, attends events
29 minutes ago -
Kashmir's critical role as strategic focal point in S. Asia regional security acknowledged
59 minutes ago -
Police handover recovered motorcycles, mobile phones to owners
59 minutes ago -
COAS reaffirms nation’s resolve, commitment towards eradicating menace of terrorism
1 hour ago -
Qaiser Shaikh vows to strengthen Pak-Korea relations
1 hour ago -
AJK PM condemns Quetta bomb blast
1 hour ago
-
Acting President approves FST members’ appointments
1 hour ago -
Dolphin Squad arrests 421 outlaws in 10 months
1 hour ago -
Murtaza Wahab inaugurates Jamila Street Pumping Station after renovation
1 hour ago -
Bullet-riddle body found in Wah Cantt
2 hours ago -
ECP releases provisional cause list, Fawad to face contempt charges
2 hours ago -
CM Bugti declares zero tolerance for terrorism
3 hours ago