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Print Print edition: 2018-05-29

Pakistan's railways

Published May 29, 2018 Updated May 29, 2018 12:00am

It was only recently that the Chief Justice of Pakistan asked our Railways minister to take a leaf out of a seemingly brash and crude the then railways minister of India's book. Undoubtedly, Lallu Prasad Yadhav was responsible for turnaround of India's railways, although his successors have abandoned his shrewd pricing strategy and Indian Railways has slipped back into its old shabby ways.
In the case of Pakistan's railways, China is going to help us bring about a turnaround as it has been reported that China will put in $ 2.890 billion to upgrade Pakistan Railways Mainline-I (ML-I) in the first phase of the project under the China Pakistan Economic Corridor (CPEC) investment framework. The total cost of the project comes around $ 3.400 billion and China would extend a loan of $ 2.890 billion to meet 85 percent cost of the project as per its commitment under CPEC. China's investment will require our bureaucrats to work harder. The situation therefore brooks no complacency.

Copyright Business Recorder, 2018

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