AIRLINK 73.25 Decreased By ▼ -1.91 (-2.54%)
BOP 5.39 Decreased By ▼ -0.06 (-1.1%)
CNERGY 4.32 Decreased By ▼ -0.07 (-1.59%)
DFML 28.74 Increased By ▲ 1.10 (3.98%)
DGKC 73.79 Increased By ▲ 1.79 (2.49%)
FCCL 20.39 Increased By ▲ 0.10 (0.49%)
FFBL 30.90 Decreased By ▼ -0.15 (-0.48%)
FFL 10.07 Increased By ▲ 0.10 (1%)
GGL 10.37 Increased By ▲ 0.10 (0.97%)
HBL 115.89 Increased By ▲ 0.89 (0.77%)
HUBC 131.81 Increased By ▲ 0.36 (0.27%)
HUMNL 6.68 Decreased By ▼ -0.19 (-2.77%)
KEL 4.06 Decreased By ▼ -0.14 (-3.33%)
KOSM 4.67 Decreased By ▼ -0.10 (-2.1%)
MLCF 38.40 Increased By ▲ 1.32 (3.56%)
OGDC 134.75 Decreased By ▼ -0.70 (-0.52%)
PAEL 23.95 Increased By ▲ 0.55 (2.35%)
PIAA 27.35 Increased By ▲ 0.04 (0.15%)
PIBTL 6.65 Increased By ▲ 0.05 (0.76%)
PPL 113.20 Increased By ▲ 0.04 (0.04%)
PRL 28.19 Decreased By ▼ -0.56 (-1.95%)
PTC 15.11 Decreased By ▼ -0.39 (-2.52%)
SEARL 56.59 Decreased By ▼ -0.74 (-1.29%)
SNGP 65.75 Decreased By ▼ -1.24 (-1.85%)
SSGC 11.00 Decreased By ▼ -0.17 (-1.52%)
TELE 9.05 Decreased By ▼ -0.09 (-0.98%)
TPLP 12.00 Decreased By ▼ -0.05 (-0.41%)
TRG 69.50 Decreased By ▼ -0.89 (-1.26%)
UNITY 23.75 Increased By ▲ 0.10 (0.42%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
BR100 7,438 Decreased By -17.1 (-0.23%)
BR30 24,240 Decreased By -9.6 (-0.04%)
KSE100 71,429 Decreased By -4.7 (-0.01%)
KSE30 23,592 Increased By 25.9 (0.11%)

imageISLAMABAD: A project for revival of Karachi Circular Railway would be initiated soon to facilitate residents of the provincial capital and resolve their grievances regarding transportation system of the city.

The project `Revival of Karachi Circular Railway' (KCR) is a foreign funded project sponsored by Japan International Cooperation Agency (JICA).

Official sources of Ministry of Railways told APP that the launching

of the project is subject to the signing of loan agreement and disbursement of the loan amount.

"Most of the pre-requisites laid down by JICA for signing of loan agreement have been fulfilled", they said.

However, one of the main pre-requisite for launching the project was the clearance of right of way of the KCR route from encroachers and shifting of 6km Pakistan Railways track, which is yet to be undertaken.

A domestic plan was proposed by the government envisaging that the Federal and Sindh Governments may provide cash compensation to affected households (encroachers), in addition to shifting of 6 km railway track and construction of boundary wall from the area vacated by encroachers.

JICA was requested to give a letter of comfort for signing of loan agreement so that work on domestic plan could initiate.

The letter of comfort for signing the loan agreement and consent of JICA to the domestic plan is awaited.

Copyright APP (Associated Press of Pakistan), 2014

Comments

Comments are closed.