China offers investment of $3.8bn for PR
LAHORE: Chinese Vice Minister for Transport Lu DongFu has said that Peoples Republic of China will contribute all out resources for up-gradation of Pakistan Railways (PR).
Addressing a joint meeting of a 13-member delegation of Chinese official and PR officers at PR headquarters here on Tuesday, he said that China was willing to invest more than $3.8 billion in the railways sector.
He said that Pak-China friendship was time-tested and based on true cooperation, adding that China wanted to help the PR for developing all sections including locomotives, signalling, communication and track.
He assured that all out cooperation would be offered for the betterment of the Pakistan Railways.
He thanked the PR administration for warm welcome and said the reception by the PR would be remembered for years.
Representatives of China Eryuan Engineering group gave a briefing on the feasibility study report of the PR and recommended several suggestions for up-gradation of Karachi-Havelian (ML1) track.
On the occasion, PR Chief Executive Officer Javiad Anwar Boobak acknowledged the cooperation of China and said that Pakistan and China have been working for years.
He said China cooperation in the improvement of the PR was an example of true friendship which could never be shaken.
Earlier, the PR CEO welcomed the Chinese guests at Lahore Railway Station where children presented them bouquets.
Later, he along with the Chinese delegation and PR officers visited PR Locomotive Workshop.
The PR CEO briefed the guests about the manufacturing, rehabilitation and capacity of the shop on which the Chinese Minister offered cooperation in the locomotive manufacturing and rehabilitation.
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