LAHORE A memorandum of understanding was signed here on Friday between the Punjab government and Chinese international company NORINCO regarding the Lahore Mass Transit Project. Under the agreement, a 27-km long Railway track will be laid from Gaju Matta on Ferozepur Road to Shahdra of which 7km long portion will be underground. Chairman Lahore Transport Company Khawaja Ahmad Hasaan and Vice-President NORINCO Zhang Shipping signed the document on behalf of the Punjab government and China respectively. Punjab Chief Minister Mian Muhammad Shahbaz Sharif, MPA Mehr Ishtiaq Ahmad, high-ups of the Lahore Transport Company and representatives of NORINCO were also present on the occasion. Talking to media on the occasion, Shahbaz Sharif welcomed the agreement and said the soft opening of the project would be made on August 14th. He that it was a unique project as the Chinese company by announcing that it would not take even a single penny as profit proved that China was a true and sincere friend of Pakistan. Shahbaz further said that the project would be an invaluable gift by the Chinese government for the people of Lahore, the Punjab as well as the whole country. He also said there were deep-rooted relations between China and Pakistan, and China had stood by Pakistan in every hour of need and helped Pakistan wholeheartedly. 'This friendship is reflected in the agreement with NORINCO, which is a renowned Chinese company having executed numerous projects of human development and prosperity and also set up metro systems, he mentioned, adding, that thousands of people were benefitting from the mass transit projects executed by the company in Beijing, Shanghai and Tehran. 'The Lahore Mass Transit Project will not only provide modern transport facilities to the people while the project will be completed by working round-the-clock, he said. He said that a number of agreements were signed between the Punjab government and China for cooperation in various sectors during his visit to China, including the LMT. Replying to questions of the media, he said politicians and rulers had never come up to the expectations of the masses, and now the elite had all facilities at its doorsteps, while the poor and common man were deprived of even basic amenities.