Karachi Circular Railway: PPP looses Japan now eyes China

[Edevelop]

KARACHI: Sindh’s transport minister Mumtaz Jakhrani had some bad news for members of the Sindh Assembly on Monday. He informed them that the Japan International Cooperation Agency (Jica) will not be giving them any financial support to complete the Karachi Circular Railway project.

The Japanese agency was investing $ 2.6 billion in the project by giving the amount as a soft loan with a markup of 0.1 per cent for the next 30 years. They decided to backtrack on the agreement after people who lived on the route did not want to be relocated due to the project and took the matter up in court.

The minister claimed that the Japanese company got cold feet after the case went to court. He alleged that the federal government was interfering with their plans and if they had not, the provincial government would have signed the agreement with another international donor to complete the project.

“There is a 60/40 share between the federal and provincial government,” he said. “Let us pass a law on this issue and get rid of the federal government, so that Sindh can engage the international donors itself.” He added that, on a recent visit to China, Pakistan Peoples Party co-chairperson Asif Ali Zardari had tried to convince Chinese companies to invest in the circular railway project. “They are willing to invest,” said Jakhrani, while responding to queries made by other MPAs. “I hope we will be able to find an alternative to Jica.” He added that his department had announced a decrease in public transport fares but the transporters were not willing to implement the new rates.

Karachi Circular Railway: With Japan out, Sindh govt eyes China – The Express Tribune

 

[airmarshal]

OMG! The incompetency of PPP and MQM. They will destry Sindh and Karachi, not build it.

 

[Edevelop]

Japan has now diverted the funds to Dhaka Metro

 

[Gazi]

OMG! The incompetency of PPP and MQM. They will destry Sindh and Karachi, not build it.

If LB system was in place in Karachi then this Project might have been in its Mid stage by now....

 

[airmarshal]

If LB system was in place in Karachi then this Project might have been in its Mid stage by now....

Dont tell what is there and what shouldnt be. Your MQM is going back to Sindh govt. After that, you and your friend PPP will kill as many ans they want and there will be no protest or calls for martial law from the fat toad of London.

If Karachi was dear to MQM it would not have been in mafia style turf war with other groups. More than 7000 people died in Karachi in political violence between 2008 & 2013. All in the time, guess what? when MQM was in govt. All this time it never asked local bodies.

Fact is MQM is a political prostitute and likes to sleep with PPP despite being abused in the relationship.

 

[Menace2Society]

PPP and MQM are epic fails.

Sindh in general is fail.

 

[Gazi]

Dont tell what is there and what shouldnt be. Your MQM is going back to Sindh govt. After that, you and your friend PPP will kill as many ans they want and there will be no protest or calls for martial law from the fat toad of London.

If Karachi was dear to MQM it would not have been in mafia style turf war with other groups. More than 7000 people died in Karachi in political violence between 2008 & 2013. All in the time, guess what? when MQM was in govt. All this time it never asked local bodies.

Fact is MQM is a political prostitute and likes to sleep with PPP despite being abused in the relationship.

Do MQM have any other Choice????Either they Play by PPP's rules or get executed. When their Workers get Extra Judicially Killed Police force now a days what do you Expect them to do????You can deny that as much as you like but I have been living in Karachi and are well aware of how much Constructive role they can play but they need Authority for that....

If Karachi was dear to Pakistan then they wont be Creating Hurdles in Above Mentioned Project because it clearly mentioned Federal Govt. in it and they wont be Throwing Karachi with MQM Haqiqi and other Organizations with names ranging from Sipah, Lashkar, Jamats and Tehrik Branding them as MQM Alternatives in the past.....

MQM is making hard decisions these days and Sitting with PPP is neither Popular among their supporters nor among their Leaders but when they started picking up Dead Bodies of their Workers then they would definitely end up dealing with the Devil because they have No Power what so ever and not getting any till next elections may be....

 

[anilindia]

China will never invest

 

[Max Pain]

China will never invest

u butthurt bro?

 

[tarrar]

PPP in their time of rule had complete damaged every sector in Pakistan. PIA, railways, energy, relationships with other countries, you name it they are all damaged.

Thanks to PPP, PML-N, ANP, MQM, JUI & others no investor wants to come to Pakistan because they know these corrupt bastards are international faqerron ka tola & a threat to Pakistan.

 

[Gazi]

Thanks to PPP, PML-N, ANP, MQM, JUI & others no investor wants to come to Pakistan because they know these corrupt bastards are international faqerron ka tola & a threat to Pakistan.

Add PTI Dharnas into it because for last few months it has also been Cause of Damage the invester's trust in Pakistan as well....

 

[ziaulislam]

probably for the best, its not building which is difficult, maintaining it is, It will be a nightmare in corrupt Pakistani govt. it will costs billions to maintain such a project.
remember karachi circular railway was a well functioning system and it was closed because of rising costs and corruption in 90s. so even if its rebuild same would happen., if not today after a decade. and we will end up paying 2.6 billion dollars

the only solution is if its privately build and privately maintained

 

[tarrar]

Add PTI Dharnas into it because for last few months it has also been Cause of Damage the invester's trust in Pakistan as well....

Yes that is true. There are so many corrupt political parties in Pakistan that's why in the end I wrote "others", but I agree with you even PTI is part of all the mess & they will continue to harm Pakistan with their crap.

 

[Gazi]

Yes that is true. There are so many corrupt political parties in Pakistan that's why in the end I wrote "others", but I agree with you even PTI is part of all the mess & they will continue to harm Pakistan with their crap.

Right now Mushrraf is our only hope because now he is not only Politically Mature but also he knows how State Machinery actually Works....

 

[tarrar]

probably for the best, its not building which is difficult, maintaining it is, It will be a nightmare in corrupt Pakistani govt. it will costs billions to maintain such a project.
remember karachi circular railway was a well functioning system and it was closed because of rising costs and corruption in 90s. so even if its rebuild same would happen., if not today after a decade. and we will end up paying 2.6 billion dollars

the only solution is if its privately build and privately maintained

See the thing is nothing good is possible in Pakistan as long as these corrupt bastards are sitting in Pakistan. If for example this project starts corrupt politicians will make sure that this project takes years to complete, because in order for them to do massive corruption.

Doing anything privately in Pakistan is a suicide for Pakistan as there are only friends of corrupt politicians waiting for opportunity to do corruption.