A.Rafay
ELITE MEMBER
- Joined
- Apr 25, 2012
- Messages
- 11,400
- Reaction score
- 10
- Country
- Location
ISLAMABAD: Pakistan Railways has finalised a plan for revival of Karachi Circular Railway with the financial and technical assistance of Japan International Cooperation Agency (JICA), Japan.
An official of Pakistan Railways (PR) talking to APP here on Tuesday said, "Executive Committee of National Economic Council (ECNEC) has approved the proposal for revival of Karachi Circular Railway at the cost of US$ 2609 million.
He said JICA will arrange 93.5% of cost through soft loan payable in 40 years including 10 years grace period.
To a question he said no proposal is under consideration for the provision of the Circular Railways in other cities at this stage.
PR plans revival of Karachi Circular Railway
An official of Pakistan Railways (PR) talking to APP here on Tuesday said, "Executive Committee of National Economic Council (ECNEC) has approved the proposal for revival of Karachi Circular Railway at the cost of US$ 2609 million.
He said JICA will arrange 93.5% of cost through soft loan payable in 40 years including 10 years grace period.
To a question he said no proposal is under consideration for the provision of the Circular Railways in other cities at this stage.
PR plans revival of Karachi Circular Railway
