BML 5.10 Increased By ▲ 0.09 (1.8%)
BOP 11.81 Decreased By ▼ -0.06 (-0.51%)
CNERGY 7.16 No Change ▼ 0.00 (0%)
CPHL 88.40 Decreased By ▼ -0.89 (-1%)
DCL 14.10 Increased By ▲ 0.29 (2.1%)
DGKC 168.19 Increased By ▲ 2.19 (1.32%)
FCCL 46.58 Increased By ▲ 0.23 (0.5%)
FFL 16.07 Increased By ▲ 0.09 (0.56%)
GCIL 27.88 Decreased By ▼ -0.57 (-2%)
HUBC 141.92 Decreased By ▼ -1.06 (-0.74%)
KEL 5.13 Decreased By ▼ -0.01 (-0.19%)
KOSM 6.34 Increased By ▲ 0.05 (0.79%)
LOTCHEM 21.43 Increased By ▲ 0.50 (2.39%)
MLCF 85.25 Increased By ▲ 0.62 (0.73%)
NBP 121.31 Increased By ▲ 1.04 (0.86%)
PAEL 42.88 Decreased By ▼ -0.42 (-0.97%)
PIAHCLA 21.16 Increased By ▲ 0.01 (0.05%)
PIBTL 9.07 Increased By ▲ 0.44 (5.1%)
POWER 13.85 Decreased By ▼ -0.16 (-1.14%)
PPL 172.67 Decreased By ▼ -0.83 (-0.48%)
PREMA 43.80 Decreased By ▼ -1.11 (-2.47%)
PRL 33.35 Increased By ▲ 0.18 (0.54%)
PTC 25.44 Increased By ▲ 1.43 (5.96%)
SNGP 120.69 Decreased By ▼ -0.40 (-0.33%)
SSGC 46.53 Increased By ▲ 0.58 (1.26%)
TELE 8.37 Increased By ▲ 0.32 (3.98%)
TPLP 10.72 Increased By ▲ 1.00 (10.29%)
TREET 23.81 Decreased By ▼ -0.48 (-1.98%)
TRG 57.94 Decreased By ▼ -0.49 (-0.84%)
WTL 1.60 Increased By ▲ 0.05 (3.23%)
BR100 13,549 Increased By 1.7 (0.01%)
BR30 39,814 Increased By 71.2 (0.18%)
KSE100 133,403 Increased By 33 (0.02%)
KSE30 40,651 Decreased By -53.9 (-0.13%)

KARACHI: Chairman Pakistan Railways Habib-ur-Rehman Gillani said that the 55 kilometer-long, dual-track freight corridor from the Karachi Port Trust to the Marshalling Yard Pipri would drastically curtail traffic congestion in the city.

“The project’s estimated cost is Rs70 billion and will be completed within two years from the day of inception of its civil work,” said the chairman Railways while addressing the conference of stakeholders and transaction advisory services held at DS office Karachi on Wednesday that was attended by representatives of various government organizations also.

“Besides alleviating the traffic woes of Karachiites, the freight corridor project will redress multiple environmental concerns also,” stated the chairman Railways and added that the freight corridor project would be built on the basis of public-private partnership, and the share of both sectors would be determined soon.

The Chairman further informed that Pakistan Railways had been enhancing its line capacity and increasing its rolling stock to meet the growing needs of its passenger and freight traffic and services.

The Chairman Railways also presided over a meeting of KCR consortium of consultants and was briefed about the developments that would lead to resumption of KCR service on remaining 16 kilometer loop line from Orangi to Drigh Road.

In another meeting the officials from Nespak consultancy firm met with the chairman and gave him a detailed presentation pertaining to the construction of railways theme park at Main Korangi Road.

Copyright Business Recorder, 2021

Comments

Comments are closed.