
All of these projects, if properly executed and subsequently managed, probably benefit the economy in the widest sense. The devil is in the details. The Lahore metro bus is reportedly running at a loss of five million rupees a day and has eaten around Rs1.6 billion of public money since its inception in February 2013. There are about 140,000 users over the five-day week — a number well below a break-even point even if government figures are accepted as accurate. It was, perhaps, a slight embarrassment that the Punjab chief minister felt obliged to complain at the inaugural ceremony that the 50/50 cost-sharing formula for the project was not to the advantage of the province of which he is the CM. There was no mention of the additional burden of subsidy from provincial budgets if fares are to be kept at an affordable rate. The prime minister quickly promised additional funds presumably from the federal pocket, but who-funds-what remains a contentious issue. Nobody doubts that mass-transit in our cities is the need of the hour. Many doubt how we are going about the job.
Published in The Express Tribune, March 25th, 2014.
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