Pakistan allocates funds for up-gradation of Pakistan Railways existing Main Line-I and CPEC projects

Islamabad: The federal government has allocated Pakistani Rs 6000 million for four new schemes, out of which Rs 5000 million would be utilized for up-gradation of Pakistan Railways existing Main Line-I and establishment of Dry Port near Havelian (2018-22) Phase-1, China-Pak Economic Corridor (CPEC).

In all the government has allocated Rs 2300 million in the current Public Sector Development Programme (PSDP) to repair about 100 diesel-electric locomotives, said an official statement.

The government has allocated funds amounting to Rs 32, 648.036 million for the execution of 36 ongoing and new projects of the Railways Division.

About Rs 26,648.036 million have been earmarked for 32 ongoing projects, out of which Rs 15974.500 million have been reserved for procurement and manufacturing of 820 High Capacity Bogie Freight Wagons and 230 passenger coaches.

An amount of Rs. 1000 million has been earmarked for the replacement of old and obsolete Signal Gear from the Lodhran-Multan-Khanewal-Shahdara Bagh Mainline section of Pakistan Railways.

Another Rs 600 million would be utilized for the replacement of track machines. Rs 200 million have been allocated for conversion of the braking system.