Kabira
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ISLAMABAD: The last meeting of the Central Development Working Party (CDWP) under the current government has been called on Thursday to clear Rs451 billion worth of Karachi to Peshawar railway track under China-Pakistan Economic Corridor.
To be presided over by Deputy Chairman Planning Commission Sartaj Aziz, the meeting would take up a total of 33 projects involving a total estimated cost of about Rs632bn.
Informed sources said the initial total cost of the Mainline-1 (Karachi to Peshawar) was estimated about $8.172bn but the project will be taken up in two phases, most probably through financing from Chinese government concessional loan for which final agreements were being worked out.
The first phase of the project worth Rs451 billion would be awarded through engineering, procurement and construction (EPC) contract on the basis of open bidding among selective Chinese companies for completion in 2020, followed by second phase completion by 2022.
On completion of both phases, the project is expected to almost double the speed of the railway transport on the mainline from existing 60-70 kilometre per hour to 120-140. The sources said the first phase would spread between Karachi and Hassan Abdal and even though Pakistan had certain reservations over its costing by China at $4bn, almost $600 million higher that estimates of the Pakistan Railways, these matters had to be settled at a different level while project design and PC-1 had to be cleared on technical parameters worth Rs451bn.
https://www.dawn.com/news/1409681/central-development-working-party-set-to-clear-rs632bn-projects
To be presided over by Deputy Chairman Planning Commission Sartaj Aziz, the meeting would take up a total of 33 projects involving a total estimated cost of about Rs632bn.
Informed sources said the initial total cost of the Mainline-1 (Karachi to Peshawar) was estimated about $8.172bn but the project will be taken up in two phases, most probably through financing from Chinese government concessional loan for which final agreements were being worked out.
The first phase of the project worth Rs451 billion would be awarded through engineering, procurement and construction (EPC) contract on the basis of open bidding among selective Chinese companies for completion in 2020, followed by second phase completion by 2022.
On completion of both phases, the project is expected to almost double the speed of the railway transport on the mainline from existing 60-70 kilometre per hour to 120-140. The sources said the first phase would spread between Karachi and Hassan Abdal and even though Pakistan had certain reservations over its costing by China at $4bn, almost $600 million higher that estimates of the Pakistan Railways, these matters had to be settled at a different level while project design and PC-1 had to be cleared on technical parameters worth Rs451bn.
https://www.dawn.com/news/1409681/central-development-working-party-set-to-clear-rs632bn-projects
