Re: Lahore Metro Train : Orange Line
I’m not an economist, just know enough about economy to get by in life. But pardon my ignorance, if a passenger pays Rs.20 for bus fare and the government pays Rs.30, how it a benefit to the economy when your economy is incurring a daily loss of billion? Your government is not making any revenue from it, in fact they are paying more money from their own pockets to run the services, it is huge burden on your crippled economy. So as a result, government imposes many high indirect taxes, increases the living cost, and refrains from investing in many other human development and industrial projects because they don’t have enough funds as billions are going somewhere else. Consequently, which sector suffers the most in this vicious cycle of shortsightedness? The class the travels on the Metro. Please realise that this actually quite proportionally massive cost of subsidy. Whatever saving passengers are making at individual level is quite irrelevant when we are talking overall economic growth and revenue.
You still haven’t answered the question why Punjab Metro is the most expensive mass transit system in the world. What is so special about Punjab Metro that you don’t find in the mass transit system belonging to developed countries or equally corrupt countries like India and Latin America. Let’s crack the code today.