Close Menu
Global Hub News
    What's Hot

    US Revokes Brazilian Ambassador’s Visa Amid Diplomatic Tensions

    August 5, 2026

    Armed Suspect with Armour-Piercing Bullets Detained Near Trump Golf Course

    August 5, 2026

    Russia Launches Ballistic Missile Attack on Kyiv Amid Rising Casualties

    August 5, 2026
    Facebook X (Twitter) Instagram Threads
    Trending
    • US Revokes Brazilian Ambassador’s Visa Amid Diplomatic Tensions
    • Armed Suspect with Armour-Piercing Bullets Detained Near Trump Golf Course
    • Russia Launches Ballistic Missile Attack on Kyiv Amid Rising Casualties
    • Sri Lanka Closes Schools Amid Deadly Floods and Mudslides Killing 7
    • Kenya Faces Mysterious Elephant Deaths Amid Pesticide Concerns
    • Colombia Enacts Landmark Law Banning Female Genital Mutilation
    • Indian Women Protesters Face Online Abuse and Doxxing After CJP Rally
    • AI Transformation Challenges Workers in Philippines’ Outsourcing Sector
    Facebook X (Twitter) Instagram
    Global Hub NewsGlobal Hub News
    Subscribe
    Wednesday, August 5
    • Home
    • World
    • Pakistan
    • Politics
    • Sports
    • Technology
    • Health
    • Entertainment
    • Business
    • Tax Calculator
    Global Hub News
    Home » Punjab Launches Rs8.1bn Private-Funded Green Bike-Sharing Project
    Business

    Punjab Launches Rs8.1bn Private-Funded Green Bike-Sharing Project

    Web DeskBy Web DeskJune 11, 2026No Comments2 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Punjab government has entered into a partnership with the private sector to introduce a sustainable bike-sharing program in Lahore, targeting severe air pollution and aiming to modernize the city’s public transport system. This initiative aligns with the Punjab chief minister’s vision to promote eco-friendly transportation across the provincial capital.

    Under this project, 50,000 electric bikes will be deployed throughout Lahore, following a fully privately funded Build-Operate-Own (BOO) model. The agreement was formalized by Mansoor Ahmed, Managing Director of the Lahore Horticulture Agency (PHA), alongside a representative from the private sector. The signing ceremony was attended by senior provincial officials, including the Punjab chief secretary and the Lahore deputy commissioner.

    The project demands an initial investment of Rs8.1 billion, which will be entirely covered by private investors, ensuring no financial liability for the provincial government. Implementation will proceed in phases to facilitate a smooth rollout citywide. The first phase will introduce 10,000 electric bikes at strategic locations, with the fleet expanding to 50,000 e-bikes within 18 months.

    Supporting infrastructure will include 1,500 smart docking stations installed in public parks, green belts, and other high-traffic areas. To maintain continuous service, the project will adopt an advanced battery-swapping system, reducing downtime caused by recharging.

    In a significant development, the project incorporates a carbon credit and revenue-sharing mechanism between private operators and municipal authorities. The Lahore Horticulture Agency will receive 50% of the carbon credits generated, while a 5% revenue share will be distributed among the Lahore Horticulture Agency, Lahore Parking Company, and Punjab Transport Department.

    Environmental experts estimate the initiative will reduce carbon dioxide emissions by approximately 5,000 tons annually. A provincial transport official highlighted that this eco-friendly transport scheme will play a vital role in improving Lahore’s air quality index and addressing the city’s recurring smog issues.

    For security and operational transparency, users will access the e-bikes through a dedicated mobile app featuring GPS tracking and real-time monitoring. Renters must complete identity verification linked to their National Identity Card (CNIC) before using the service.

    The government has established a regulated fare system to keep the service affordable, charging Rs25 for the first kilometre and Rs15 for each additional kilometre. Following the pilot phase, the provincial government plans to evaluate the program’s success before expanding the green mobility model to other major cities in Punjab.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Web Desk

    Related Posts

    AI Transformation Challenges Workers in Philippines’ Outsourcing Sector

    August 5, 2026

    SpaceX Posts Higher Revenue but Reports Losses in Recent Quarter

    August 5, 2026

    Argentina Grain Exports Disrupted by Maritime Pilots’ Strike Over Milei Decree

    August 5, 2026
    Leave A Reply Cancel Reply

    Latest Posts

    US Revokes Brazilian Ambassador’s Visa Amid Diplomatic Tensions

    August 5, 2026

    Armed Suspect with Armour-Piercing Bullets Detained Near Trump Golf Course

    August 5, 2026

    Russia Launches Ballistic Missile Attack on Kyiv Amid Rising Casualties

    August 5, 2026

    Sri Lanka Closes Schools Amid Deadly Floods and Mudslides Killing 7

    August 5, 2026

    Kenya Faces Mysterious Elephant Deaths Amid Pesticide Concerns

    August 5, 2026

    Colombia Enacts Landmark Law Banning Female Genital Mutilation

    August 5, 2026
    Don't Miss

    US Revokes Brazilian Ambassador’s Visa Amid Diplomatic Tensions

    By Web DeskAugust 5, 20260

    The US has revoked the visa of Brazil’s ambassador, escalating diplomatic tensions without immediate expulsion plans.

    Armed Suspect with Armour-Piercing Bullets Detained Near Trump Golf Course

    August 5, 2026

    Russia Launches Ballistic Missile Attack on Kyiv Amid Rising Casualties

    August 5, 2026

    Sri Lanka Closes Schools Amid Deadly Floods and Mudslides Killing 7

    August 5, 2026
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Buy Now
    © 2026 NewsOra24

    Type above and press Enter to search. Press Esc to cancel.