Pakistan approves US$3 billion in projects

By Mike Hayes09 October 2017

Pakistan’s Executive Committee of the National Economic Council (ECNEC) has approved a budget of over Rs310 billion (US$2.95 billion), for nine major development projects in the country.

1200px karachi circular railway

Karachi Circular Railway (KCR)

At the meeting, chaired by Prime Minister Shahid Khaqan Abbasi, the council agreed to the revival of the Karachi Circular Railway (KCR), at a cost of over Rs207.55 billion (US$1.97 billion).

By far the largest of the projects to gain budget approval, the KCR project – an important element of the China-Pakistan Economic Corridor (CPEC) – is an initiative agreed between the two countries and intended to rapidly modernise Pakistan’s infrastructure and strengthen its economy.

The scope of the KCR project includes the construction of 43.2km of track and the development of 24 stations, as well as the procurement of 162 locomotives.

Other projects given the go-ahead in the ECNEC meeting included roads rehabilitation, the laying of railway tracks, the construction of a four-lane river bridge and the remodelling of a canal system.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, World Construction Week Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
Longer Reads
A history of machine control: part one
The major milestones of machine control are examined 
How is construction adapting to supply chain problems?
Industry experts discuss future solutions to supply chain disruption
Sustainable road building: latest electric launches
ICON looks at the latest launches in green road building machines
CONNECT WITH THE TEAM
Andy Brown Editor, International Construction Tel: +44 (0) 1892 786 224 E-mail: andy.brown@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA