Lahore: Prime Minister Yousuf Raza Gilani has inaugurated country’s first Business Express train (today).
The Business Express, the first non-stop train to run between Lahore and Karachi with private public partnership.
The train had to start its journey between Lahore and Karachi on December 25 but delayed till February 3. The first trial run of the train was conducted successfully on Jan 26. The Railways and M/s Four Brothers International (Pvt) Ltd had signed on Aug 18 last year an agreement to operate the train between Punjab and Sindh capitals as a joint venture.
Under the agreement, Four Brothers has invested Rs225.786 for the project. The company would pay Rs1.573 million per single train journey and Rs1.148 billion per annum to Railways at the rate of 88 per cent of carrying capacity of the train.
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