The Gwadar port rail link with other parts of the country is not a priority in the China and Pakistan Economic Corridor (CPEC), which said more than $ 4bn, the Ministry of Railways officials.
“It is estimated that Pakistan’s overall update will cost Railways between $ 40 and $ 50 billion, which the government itself cannot finance,” said Aftab Akbar, CEO of Aftab Akbar, Pakistan, adding that international investors have been invited to invest in ML-2 and ML 3 from construction operations and transfer (bot), public-private partnerships (PPP) or joint ventures (JV).
Gwadar Rail Links With Other Parts of Pakistan Are Not a Priority: Officials
It is expected that China and Pakistan will soon finance an agreement in ML-1, railroad officials said, adding that the estimated cost of upgrading ML-1 and dry port is $ 8.2. billion, which will be completed in five years, in two phases of the project ML-1 is a declared strategic business project with a favorable terms loan, if it offers a perfect business plan that accounts for 75 percent of the traffic / population and covers 65 percent of industrial areas.
The meeting was informed that the refurbishment of the Main-1 Line and the establishment of dry harbor near Havelian is a project to begin harvesting in 2025.
The Executive Committee of the National Economic Council (ECNEC, for its abbreviation in English) will look at the $ 3.4 billion-phase 1 of Pakistan’s Main-1 Line upgrades and the establishment of a dry harbor near Havelian projects under the CPEC in April (current month) At the end of the preliminary design.
With the graduation ceremony of ML-1, train speeds of 65-105 km currently increase at 120-160 km, the line capacity 34-171 trains per day, cargo volumes 6-35 million tons per year by 2025, volume ratio freight of less than 4 percent to 20 percent.
The update will improve speed, reduce travel time and increase the number of trains per day, and therefore generate more revenue and reduce the burden on the roads. The upgrade will take place in two stages and preferences will be determined by continuity of operations and the status of the songs.
Establishing a new railway line from Gwadar to Mastung and Besima to Jacobabad is a medium-term project that will begin in 2025 and end in 2030 and the establishment of a new Havelian railway to Khunjerab is a long-term project that will start in 2030.
He said this while highlighting the subcommittee of the Standing Committee on Railways Senate, who spoke to John Kenneth Williams as president. The parliamentary panel received detailed information on the Pakistan Railway Projects related to the CPEC and Pakistan Railways initiatives.
To inform the committee, railroad officials said the railroad’s CPEC concept consisted of updating ML-1 and establishing a short-term port, establishing a new railway line from Gwadar to medium-term Mastung and Besima to Jacobabad and establishing a new rail link from Havelian to Khunjrab (border with China).the committee that the investigation into the feasibility and land acquisition for the project in the medium term has been carried out and Pakistan Railways able to start the project once funding is received will not be reported. However, the long-term project is in its early stages of viability.