REDAMCO’s generates multiple revenue, used railway lands commercially: CEO
LAHORE: Brigadier Shoeb Anwar Kayani (retd), CEO of REDAMCO, Ministry of Railways, said that REDAMCO was established to utilize the country’s valuable assets in a transparent and efficient way.
In just two years, REDAMCO’s team has generated multiple revenue streams, and railway lands are being used commercially through long, medium and short-term leases.
He was speaking at the Lahore Chamber of Commerce & Industry.
LCCI President Faheem Ur Rehman Saigol delivered the welcome address. Senior Vice President Tanveer Ahmad Sheikh, Vice President Khurram Lodhi, Executive Committee members Amir Ali, Syed Hasan Raza, Rana Shouban Akhtar, Rana Nisar, Sheikh Fayyaz, and former Executive Committee member Naeem Hanif were also present. Members of the real estate community attended to learn directly about REDAMCO projects and investment opportunities.
LCCI President Faheem Ur Rehman Saigol welcomed REDAMCO and its team, highlighting that Pakistan Railways is a major national institution with valuable and strategic land across the country.
He said REDAMCO aims to use railway lands in a modern, transparent, and profitable way, creating new investment opportunities while also contributing to the national economy, urban development, employment, and community welfare.
He especially appreciated REDAMCO’s transparent and flexible models, such as public-private partnerships, revenue sharing, joint ventures, and real estate investment trusts, which increase investor confidence and speed up project completion.
He added that LCCI always supports cooperation between the public and private sectors to promote national development, and REDAMCO’s presence is a positive step toward this goal.
Brigadier Shoeb Anwar Kayani (retd) further explained that development projects on Pakistan Railways’ lands will include shopping malls, hotels, high-rise buildings, IT parks, hospitals, and educational institutions.
All information regarding these projects is available on REDAMCO’s website for public transparency.
He stated that Pakistan Railways owns approximately 168,000 acres of land, including around 500 acres of high-value commercial land, of which 74 acres have already been used commercially.
Long-term leases will involve large high-rise complexes, hotels, and commercial centers; medium-term leases will include food chains, petrol pumps, showrooms, and markets; and short-term leases will involve smaller commercial projects.
Shoeb Anwar Kayani emphasized that Pakistan Railways’ valuable assets are not only important for transportation but can also play a key role in generating new economic and revenue opportunities. He noted that all REDAMCO projects are planned according to PEPRA rules, with feasibility studies, open tenders, and board approvals.
He encouraged the business community to share their ideas and suggestions with REDAMCO, as public-private partnerships succeed only when everyone works together.
LCCI President Faheem Ur Rehman Saigol said that strong links exist between the business community and REDAMCO and that investment opportunities will increase significantly in the future.
He assured full support for all initiatives that promote industrial growth, investment, and strengthen the national economy, describing REDAMCO’s projects as a positive step in this direction.
Copyright Business Recorder, 2026