|
Karachi Circular Railway to be revived by
2011
'Pakistan Times' Wire Service
ISLAMABAD: Pakistan Railways has decided to revive Karachi Circular Railway
System (KCR) by 2011, an official of the Ministry said on Wednesday.
The decision to this effect has been taken in a high-level meeting presided
over by the Minister for Railways Sardar Mahtab Ahmed Khan, he said.
The official said that Karachi Urban Transport Corporation (KUTC) would be
incharge of the project being undertaken with the assistance of Japanese
company JICA, which he added would prepare feasibility study of the project.
The Government of Japan would provide a soft loan of $ 872 million which
would be payable in 40 years. The project would be executed in three years
on Japanese and European style. The 50 km KCR will have 21 underpasses and
overhead bridges.
The official said around seven lakh passengers of 23 different stations of
the city would get benefit from the project daily.
He said that under the project 246 trains would ply in the city adding that
each train had the capacity of carrying 1,236 passengers.
“The track for these trains will be of international standard and they will
be available at each terminal after three minutes,” he said.
The official said it had also been decided to launch this project on turn
key basis. The contractors would operate KCR initially for two years and
after that it would be handed over to Pakistan Railways, he added.
Besides maintenance of KCR, the contractor would be responsible to train
Pakistan Railways’ staff, he added.
He said that Sindh police would provide security to foreign engineers and
other personnel, deputed to commission the project.
The KUTC has also been authorized to finalize financial modalities with
local banks. The Board of Directors will be expanded and professionals from
the private sectors will be included in it (board), he said.
The official said that the project remained neglected for the last 25 years
but the present government had accorded top priority to it.
He said under the project modern commuter system was being introduced which
would help solve many problems of the people. “The project will provide a
convenient, safe, fast and dignified mode of traveling to commuters,” he
remarked.● |