Karachi: Pakistan Railways (PR) on Monday (December 20) inked a EUR 170 million project to connect Thar Coal Block II with the new Chorr station on the Hyderabad-Mirpurkhas rail link, news sources reported.
Reportedly, the 105 kilometre-long project will be fully funded by Foreign Direct Investment (FDI). As per the news, the Memorandum of Understanding (MoU) was signed by Railway Constructions Pakistan Limited (RAILCOP), M/s Al Furqan Holdings Private Ltd, and BIL Pakistan Pvt Ltd. RAILCOP Chief Executive Officer (CEO) Syed Najam Saeed stated on the occasion that the project will help connect Thar coal mines with the national railway lines network. The fast track link would significantly improve the supply of Thar coal for the energy projects being built as part of the China Pakistan Economic Corridor (CPEC).
According to the company, the initiative will also improve communication and prosperity in Thar’s outlying rural communities. Moreover, as per the PR sources, the project will be constructed under the Public-Private Partnership (3P) model with complete fundings from the UAE Al-Furqan Holdings. The project will lay a new track that will reduce the need for the transfer of existing infrastructure to the new location.
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.
