Daewoo Pakistan Express Bus Service Limited, which operates and maintains the Bus Rapid Transit (BRT) system in Peshawar, has agreed to transfer ownership of its 244 buses to TransPeshawar once its 12-year contract expires.

In a letter addressed to the Khyber Pakhtunkhwa chief minister, Daewoo Pakistan CEO Faisal Ahmed Siddiqui confirmed the company’s commitment to waiving the ownership clause, ensuring a smooth handover of buses while maintaining other contractual obligations.

Adviser to the KP Chief Minister on Finance Muzzammil Aslam in a statement said: “After the successful settlement of the BRT dispute, Chief Minister Gandapur has successfully got the waiver from Daewoo Pakistan regarding the ownership of 244 BRT buses at the end of the contract. We are thankful to Daewoo Pakistan and congratulations to the residents of Khyber Pakhtunkhwa”

The company operates 159 buses from the Chamkani Depot and 85 from the Mall of Hayatabad Depot under separate contracts with the Khyber Pakhtunkhwa government.