The Peshawar Bus Rapid Transit (BRT) project is still unfinished and becomes more expensive over time as a result of fluctuating USD exchange rates.
A recent report claims that the recent devaluation of the local currency has caused a 300% rise in the advisory charge for the Peshawar BRT project. The Khyber Pukhtunkhwa (KP) government hired Mott MacDonald, a UK-based consulting firm, to help with the project.
The corporation has increased the consulting price from Rs. 816 million to Rs. 2,362 million due to inflation. According to a Peshawar Development Authority (PDA) official, the service provider would continue to bill the government for consulting services up until the project is finished.
The unnamed insider emphasized that the service provider’s charges are consistently going up as a result of ongoing completion delays. He said, “The BRT project is being developed under Asian Development Bank standards; however, the consultant expenses may only be raised to 15% under PPRA rules.
The project is anticipated to be finished by the end of this year, the article says. This suggests that further increases in operational costs may be forthcoming.
A study on the Peshawar Bus Rapid Transit (BRT) project’s audit revealed around Rs. 50 billion in the theft last week. The information was disclosed in a report that the Auditor General forwarded to the Asian Development Bank (ADB).
The Auditor General’s report is based on early findings, according to PDA’s response to the problem. According to the department, the “collected replies” will be at the appropriate forum.
The Peshawar BRT is the only award-winning public transportation system in Pakistan that has gained widespread recognition from the populace. The most recent information on financial problems, however, appears to be endangering its reputation.
To read our blog on “Peshawar’s BRT gets Yet another Deadline,” click here
