MoU signed with Chinese firm for industrial city

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    MoU signed with Chinese firm for industrial city

    The memorandum of understanding between Punjab government and Chinese company, NORINCO International, was signed by Planning & Development Punjab Chairman Sohail Ahmed and NORINCO International President Hu Farong.

    Under the MoU, NORINCO International will extend cooperation to Punjab government for setting up an industrial city near motorway M2, construction of infrastructure for Metro training Lahore, launching of solar energy project, solar irrigation project and various projects of roads. Under the agreement, Chinese Company would provide financing, technical expertise and other services so that the projects could be executed expeditiously.

    Shahbaz Sharif has said that the signing of a memorandum of understanding between the Punjab government and Chinese Company, NORINCO, will further accelerate the pace of progress in the province

    He said the experience and expertise of NORINCO International would be fully utilised in energy, transport, infrastructure and other sectors for the strengthening of provincial economy.

    Shahbaz expressed these views while talking to a Chinese delegation led by NORINCO International chairman and NORINCO Group vice-president Wang Yitong during a meeting on Thursday. He said that he was pleased that in response to the invitation of Punjab government, a delegation of NORINCO International had immediately come to Lahore. He said a number of Chinese companies were working with the Punjab government and construction of the Arfa Karim Information Technology Software Park on Ferozepur Road was a glorious example of Pak-China friendship.

    He said solar lamps given to students on merit by the Muslim League-N government were also purchased from a Chinese company.

    The chief minister said talks were held with NORINCO in 2009 for underground train system in Lahore but the project could not be completed as the former federal government did not give the sovereign guarantee. He said the Punjab government had initiated metro bus project with the cooperation of Turkey for providing modern and comfortable transport facilities to the masses and the 27-km long metro track was completed in a short period of 11 months. He said the number of passengers travelling on metro buses had increased the figure of 1.5 million daily which was a proof of the success of the project.

    The NORINCO International chairman invited Chief Minister Shahbaz Sharif to visit China.

    Provincial minister Rana Mashhood, Minister for Food Bilal Yasin and other senior officials were also present.

    MoU signed with Chinese firm for industrial city - thenews.com.pk
     
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