The Executive Committee of the National Economic Council has approved Rs 292.4 billion for the Karachi Circular Railway project on Monday in light of the city’s anticipated population growth in the upcoming year.
The KCR project, according to the state news agency, plans for the construction of a 44-kilometer-long, dedicated track for Karachi’s contemporary urban train.
Starting from Drigh Road, the train would pass via Gulshan-e-Iqbal, the Federal B area, Liaquatabad, North Nazimabad, Nazimabad, SITE, and Liyari.
The ECNEC also approved the Ministry of Railways’ revised PC-1 for the Main Line-1 project enhancement presently being carried out by Pakistan Railways.
It had a total cost of US$9,851.079 million, subject to cost recommendations, technical specifications, and ideally an equity participation funding model.
Main Line-1 (ML-1) connects Karachi and Peshawar through Kotri/Hyderabad, Rohri, Multan, Lahore, and Rawalpindi.
Karachi is the biggest city of pakistan and its population is constantly growing. It is expected that the city’s population would further increase from 16,839,950 in 2022 to 17,236,230 in 2023.
The ECNEC also took into account and authorized the construction of the 48 MW Shounter Hydropower Project in the district of Neelum, AJK, in another decision—subject to cost adjustment based on the dollar exchange rate of Rs220.