What's new

Circular railway: ‘Japanese govt will cover 93% cost of KCR’

A.Rafay

ELITE MEMBER
Joined
Apr 25, 2012
Messages
11,400
Reaction score
10
Country
Pakistan
Location
Pakistan
406990-Map-1342039738-242-640x480.JPG

KARACHI:
The Japanese government will announce in October that it will finance the much talked-about Karachi Circular Railway (KCR) project, said Ijaz Hussain Khilji, the managing director of Karachi Urban Transport Corporation (KUTC).

The $1.558 billion project, which is considered to be vital for tackling the traffic woes of the city, has faced continuous delays as Pakistan’s government has focused on meeting immediate security concerns and economic challenges. “There is no reason for being disappointed now. Everything is moving ahead,” said Khilji.
KCR, which is an attractive alternative to the congested public buses, will circle the city and cut travelling time by half. It will cater to about 700,000 people a day. Japan International Cooperation Agency will bear 93 percent of the project’s cost and the railway will be operational by 2017. The electrical locomotives will run at an average speed of 44 km per hour on a system of elevated, on-the-ground and tunnel track spanning 43.12 kilometres. KCR will also have 24 stations and a train will pass through each one of them every six minutes.
“Right now it normally takes you an hour to travel from Liaquatabad to Tower. KCR will reduce travel time to just 25 minutes,” said Khilji.
After running KCR for four decades, the cash-strapped Pakistan Railways stopped operating the service in 1999. The closure added to the pressure on private transport buses. Successive attempts to revive the circular railway hit snags, mostly because of Pakistan Railway’s poor financial position.
Encroachments
Khilji said that at least 20 percent of the track has been encroached upon at different places, including Liaquatabad, North Nazimabad and Lyari. But he played down the impact of encroachments on the project. “All the studies have been completed. We have held many meetings with the people who are to be resettled.” Before the construction of the tracks can begin, around 23,000 people residing in these encroachments will have to be resettled in Shah Latif Town.
But Waqar Awan, a representative of the residents of Umer Farooq Town, which is one of the areas to be cleared out, said that no one was ready to move. “Everything [KUTC] tells you is a lie. We have rejected all of its proposals.” Each family living in the encroached land has been offered an 80 square yard plot and Rs50,000 as compensation. “I was born in this town in 1974. Many of the katchi abadis were built along the tracks soon after partition. Why is Pakistan Railways waking up to the encroachment issue now?” asked Awan. Officials close to the development say that the Japanese government is also aware of delays in clearing the tracks.
One man show?
Despite the scope and scale of the project as well as the huge amount of money associated with it, Khilji seems to be the only KUTC official at the forefront of every discussion pertaining to KCR. Officials at Karachi Metropolitan Corporation, which holds an equity share in KUTC, say that a lack of transparency is something which could derail the entire project. “Who are the people who will oversee the construction? And who will be responsible for managing construction contracts and financial matters?” asked one official.
After dozens of meetings, briefings and presentations, it remains unclear where exactly the railways stations are to be built. Experts say the stations have to be at places easily accessible for commuters. Khilji claims all the feasibility studies in this regard have been completed.
 
. . .
why Japan is ready to bear 93% cost....what would be return of cost for them?
 
.
It isn't a metro rail project but it is similar to local trains in Mumbai
 
. . .
why Japan is ready to bear 93% cost....what would be return of cost for them?

Japanese government helps out Pakistan every now and then, its not new.
but im pretty sure they are in there for the long run, they probably have some sort of a goal/plan in their mind.
 
.
why Japan is ready to bear 93% cost....what would be return of cost for them?

Japanese government helps out Pakistan every now and then, its not new.
but im pretty sure they are in there for the long run, they probably have some sort of a goal/plan in their mind.
 
.
japan is such a generous country they have already financed indian metro railway, now they are financing pakistan, japanese maybe small in stature, but they have big mighty hearts
 
.
[:::~Spartacus~:::];3175469 said:
japan is such a generous country they have already financed indian metro railway, now they are financing pakistan, japanese maybe small in stature, but they have big mighty hearts



They make alot of money from Pakistan as Paksitan is one of their biggest auto markets and we constantly have a trade deficit with them.
 
. .
[:::~Spartacus~:::];3175469 said:
japan is such a generous country they have already financed indian metro railway, now they are financing pakistan, japanese maybe small in stature, but they have big mighty hearts

Their domestic interest rate is very low, so giving international loans is a much more profitable option for them. The "goodwill" they gain from the recipient countries is a bonus on top of that.

P.S: Japanese are not small in stature anymore, you should visit Japan someday you ll be surprised.
 
.
why Japan is ready to bear 93% cost....what would be return of cost for them?

Its aid and it has not to be returned.

But point is why they have to go to Japanese for funds where are so called true friends chinese??

[:::~Spartacus~:::];3175469 said:
japan is such a generous country they have already financed indian metro railway, now they are financing pakistan,

1. We are partners and we take loans and pays them in time with interests.

2. India is one of the world's biggest market.

3. Show me a project where we beg for 93%??????

4. Use common sense when Japanese finances our project they ask us to use their technologies and give the contract to their companies.

5. Its pure business and we return that money with interest.



japanese maybe small in stature, but they have big mighty hearts

Its racist post.
 
.

Latest posts

Pakistan Affairs Latest Posts

Back
Top Bottom