Rs24bn earmarked for 41 railway projects

ISLAMABAD: The government on Friday allocated funds amounting to Rs24 billion for the execution of 41 ongoing and new projects of the Railways Division under the Public Sector Development Programme (PSDP) 2020-21.

As per the programme, Rs12.83 billion have been earmarked for 23 ongoing projects, of which Rs3.2 billion would be spent on the procurement and manufacturing of 820 high capacity freight wagons and 230 passenger coaches.

Meanwhile, the government has allocated Rs2.7 billion for the special repair of 100 diesel-electric locomotives in order to improve their reliability and availability.

Similarly, an amount of Rs2.5 billion has been earmarked to acquire the land for Railway Corridor, as well as operation land, in Gwadar.

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The government has kept an amount of Rs11.16 billion for 18 new schemes, of which Rs6 billion would be utilized for the up-gradation of existing projects, including Main Line-I and establishment of Dry Port near Havelian (2018-22) Phase-1 under China-Pak Economic Corridor (CPEC).

Moreover, an amount of Rs1.5 billion has been earmarked for the operationalization of trains on the existing Karachi Circular Railway (KCR) alignment, while Rs450 million have been allocated for the rehabilitation of a track between Sama Satta-Bahawalnagar on Sama Satta-Amruka section.

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