Lahore Transport Company has opened Letter of Credit (LC) for import of 111 200 buses to ply in Lahore, LTC chairman Khwaja Ahmad Hassaan told Business Recorder here on Wednesday. He said that Chinese supplier of buses Foton Co was required to supply buses by the end of this month. However the Chinese company had requested the LTC to extend the supply period for a month.
These buses will now be operational by last week of August this year, he assured
He said, for provision of quality public transport in the city, LTC had signed two agreements with two Chinese companies, Noranko for the Lahore Rapid Mass Transit System and Foton for buses. Hassaan said the LTC would provide assistance to overhaul 250 old busses.