Islamabad: An Oman-based firm, Anvwar Asian Investments (AAI), has shown interest in funding the 1,087 kilometre-long railway line to link Gwadar and Jacobabad, news sources reported. The company has offered to invest USD 2.3 billion with USD 500 million as an initial investment.
According to reports, AAI representatives met with Board of Investment (BoI) officials last month to examine the project’s viability. It was disclosed that the Omani business would begin construction work on the first high-speed rail link between Gwadar and Jacobabad as soon as possible. This will be the first rail link project under the China-Pakistan-Economic-Corridor (CPEC).
Moreover, a Singaporean firm ‘Pathfinder’, has also expressed interest in investing USD 5 billion in constructing a high-speed rail network between Gwadar and Hub (Balochistan). The government of Pakistan, however, will make the final investment decision.
It is also worth noting that Pakistan and China are discussing the development of the Railway Main Line-1 (ML-1) project. The project has been prioritised for the forthcoming Joint Coordination Committee (JCC) meeting.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
