According to official documents, the cost of Bus Rapid Transit (BRT) Red Line project in Karachi has increased by Rs12Bn within one year. It is now expected to cost Rs77.597bn in contrast to the previous estimate of Rs65.589 billion. Central Development Working Party (CDWP) has approved the project on technical grounds and forwarded to Ecnec for formal approval.
The original PC-1 for the project was prepared in May 2018, which indicated the total cost at Rs65.589 billion and now the project has been approved with the modified PC-1 of Rs77.597 billion. According to the terms of the contract, Government of Sindh would put in $88 million financing whereas the rest of the funding would be made by Asian Development Bank, Asian Infrastructure Investment Bank, French Agency for Development and Green Climate Fund. A huge provision of Rs 8.324 billion (US$ 60.32 million) has been made for taxes.
It is expected that the estimated passengers per day would be 320,000. The re-modified PC-I of the project envisages construction of metro bus dedicated corridors measuring 29.1 Km in length, from Numaish to Malir Halt depot and common corridor of 2.4 km. Out of 29.1 km, 26.45 Km is at grade section, 1.72 km is elevated and 2,43 km is underground section.
The cost of the staging facility has been increased by Rs1.326 billion (from Rs 2.3 billion in modified PC-I to Rs3.626 billion in the re-modified PC-I). Rs3.194 billion has been earmarked for relocation of utilities, including Rs1.211 billion for KSEW and Rs 171 million for Sui Southern. Similarly in the summary of costs for relocation of utilities, a tentative cost for additional length of corridor at Rs 974.5 million has been estimated.