BR100 3,625 Increased By ▲ 19 (0.53%)
BR30 18,468 Increased By ▲ 107 (0.58%)
KSE100 35,203 Increased By ▲ 151 (0.43%)
KSE30 15,247 Increased By ▲ 44 (0.29%)
COVID-19 TOTAL DAILY
CASES 231,818 0
DEATHS 4,762 0
Sindh 94,528 Cases Today
Punjab 81,963 Cases Today
Balochistan 10,814 Cases Today
Islamabad 13,494 Cases Today
KP 28,116 Cases Today
Business

Gov't releases Rs360mn for CPEC ML-1 railway project

ISLAMABAD: The federal government has released Rs. 360 million for preliminary design for up-gradation and rehabilitatio

September 03, 2019

ISLAMABAD: The federal government has released Rs. 360 million for preliminary design for up-gradation and rehabilitation of main line (ML-1) railway project and establishment of dry-port, near Havelian under Public Sector Development Programme (PSDP) 2019-120.

The railway project is an important strategic part of China Pakistan Economic Corridor (CPEC) and the government had allocated Rs. 1.8 billion for its preliminary design during the year 2019-20, according to latest data issued by the Planning Ministry.

In total, the railway ministry ha so far received Rs. 1.34 billion for various development projects under the PSDP programme, out of total allocation of Rs. 13.5 billion.

According to details, an amount of Rs. 288 million has been released for reconstruction and rehabilitation of assets damaged during the floods, 2010 for which Rs. 1.4 billion have been allocated.

Similarly, the government has released Rs. 114 million for up-gradation of terminal facilities and dry-ports while Rs. 100 million have been released for up-gradation and renovation of railway stations.

For rehabilitation and procurement of re-manufactured of 300 traction motors, an amount of Rs. 80 million has been released out of total allocation of Rs. 400 million, whereas for acquisition of land for railway corridor from sea port Km: 5.25 to Km: 9.00 and railway operational land from 12.00 to Km: 14.00 at Gwadar, an amount of Rs. 160 million has been released out of total allocation of Rs. 800 million.

Copyright APP (Associated Press of Pakistan), 2019