Feasibility study of Freight Corridor completed

ISLAMABAD: The feasibility study of the Freight Corridor has been completed, a government official said during a meeting held to review the present status of the preparations and processing of the Karachi Circular Railway (KCR) and Railways Freight Corridor projects.

The meeting decided that to gauge the level of investor’s interest; all relevant important decisions must be taken within a month’s time by all the departments concerned.

Federal Minister for Planning, Development, and Special Initiatives Asad Umar chaired the meeting. Federal Minister for Railways Azam Khan Swati, Planning, Railways secretaries, PPP Authority CEO and senior officials of the two ministries were present on the occasion.

The Railways secretary also informed the meeting that the Karachi Circular Railway project is on track as per the timelines given by the ministry.

The feasibility study of KCR will be completed by the middle of August, keeping in view the importance of this flagship initiative; the meeting decided that a separate project be prepared for the civil structure of KCR for completing the project on a fast-track basis.

The PC-1 for the civil structures must be brought for approval and subsequent funding through the Public Sector Development Programme (PSDP) at the earliest.

Simultaneous work on both the components of KCR will result in saving time and completion of the project.

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