Govt promoting CNG to reduce transport cost: Elahi
* Bank of Punjab to pay mark up on loans
LAHORE: The government is promoting the use of compressed natural gas (CNG) to ensure pollution-free environment and reduce transport cost, and interest free loans will be provided for the conversion of vehicles to CNG, said Punjab Chief Minister Chaudhry Pervaiz Elahi.
He was talking to reporters at the four-stroke rickshaws distribution ceremony at Chief Minister’s House on Saturday. He said that a Green Fund of one billion rupees had been allocated for providing interest-free loans to convert the two-stroke rickshaws into four-stroke and diesel engine buses to CNG. He said that the four-stroke CNG rickshaws would help overcome noise and smoke pollutions.
Elahi said the government was encouraging the CNG rickshaws at the local level and interest free loans were being provided to purchase them. The Punjab government would pay the mark up on the loans from Green Fund, he added.
He said that all the major cities of Punjab would have four-stroke CNG rickshaws by December 2007, under the project initiated by the Bank of Punjab. He said the project would impact the social and economic sectors. All public transport in the province would be converted to CNG and in the first phase route permit would be issued to CNG buses in Lahore, Rawalpindi, Multan and Faisalabad, he added.
Punjab Transport Minister Rana Shamshad Ahmad Khan, Minister for Environment Makhdoom Ashfaq Ahmad, Excise and Taxation Minister Dr Shafiq Chaudhry, Punjab Chief Secretary Kamran Rasool, Planning and Development Chairman Salman Ghani, Principal Finance Secretary Salman Siddique, Secretary Transport Agha Nadeem and Inspector General Police Punjab Ziaul Hassan Khan were present on the occasion.