AIRLINK 73.06 Decreased By ▼ -6.94 (-8.68%)
BOP 5.13 Decreased By ▼ -0.05 (-0.97%)
CNERGY 4.37 Decreased By ▼ -0.09 (-2.02%)
DFML 33.50 Decreased By ▼ -1.66 (-4.72%)
DGKC 75.67 Decreased By ▼ -1.21 (-1.57%)
FCCL 19.70 Decreased By ▼ -0.28 (-1.4%)
FFBL 36.21 Increased By ▲ 0.61 (1.71%)
FFL 9.33 Decreased By ▼ -0.20 (-2.1%)
GGL 9.92 Decreased By ▼ -0.24 (-2.36%)
HBL 116.41 Decreased By ▼ -0.59 (-0.5%)
HUBC 132.42 Decreased By ▼ -0.08 (-0.06%)
HUMNL 7.10 Increased By ▲ 0.04 (0.57%)
KEL 4.46 Decreased By ▼ -0.19 (-4.09%)
KOSM 4.40 Decreased By ▼ -0.25 (-5.38%)
MLCF 36.60 Decreased By ▼ -0.90 (-2.4%)
OGDC 134.49 Increased By ▲ 0.02 (0.01%)
PAEL 22.61 Decreased By ▼ -0.29 (-1.27%)
PIAA 26.50 Decreased By ▼ -0.13 (-0.49%)
PIBTL 6.64 Decreased By ▼ -0.17 (-2.5%)
PPL 115.16 Increased By ▲ 3.06 (2.73%)
PRL 27.20 No Change ▼ 0.00 (0%)
PTC 14.13 Decreased By ▼ -0.25 (-1.74%)
SEARL 55.11 Decreased By ▼ -1.28 (-2.27%)
SNGP 67.40 Increased By ▲ 0.40 (0.6%)
SSGC 10.70 Decreased By ▼ -0.13 (-1.2%)
TELE 8.45 Decreased By ▼ -0.84 (-9.04%)
TPLP 10.85 Decreased By ▼ -0.33 (-2.95%)
TRG 64.20 Decreased By ▼ -4.80 (-6.96%)
UNITY 24.90 Decreased By ▼ -0.59 (-2.31%)
WTL 1.28 Decreased By ▼ -0.04 (-3.03%)
BR100 7,521 Decreased By -1.2 (-0.02%)
BR30 24,432 Increased By 30.1 (0.12%)
KSE100 71,768 Increased By 73.1 (0.1%)
KSE30 23,606 Increased By 64.3 (0.27%)

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.