Japan finally ready to fund 2.5 billion dollar Karachi Circular Railway project

AwamiLog

Banned
murad-ali-shah0.jpg


NEW YORK: Japan has further cut the very nominal interest rate to 0.01 percent on a $2.5 billion loan which Tokyo is ready to provide Islamabad for the Karachi Circular Railway project, likely to be discussed between prime ministers of Pakistan and Japan on the sidelines of the UN General Assembly here.


The Japanese are waiting for a go ahead signal from Islamabad as all other steps of the project have already been completed. These include the feasibility study, re-settlement action plan and environmental impact assessment.

Other conditions for the JICA loan have also been met by Pakistan including exemptions from GST, customs duty and taxes. The PC-1 of the project was approved by Ecnec in August 2012. Land has been allocated by the Railways ministry while no major traffic diversions or relocation of utilities is involved.

But Islamabad has so far not made the formal request and if PM Nawaz Sharif raises the issue in New York with the Japanese PM, the loan could be available within weeks as only one major step of an appraisal mission is left which the Japanese say would take about three weeks to complete.

A $2.5 billion loan to Pakistan on almost zero interest rate for 40 years with a 10 year grace period would also help Pakistans falling rupee against the dollar, experts say.It is yet to be seen if Nawaz Sharif will bring up the issue because if he does not, domestic politics would be the main consideration.

http://www.thenews.com.pk/Todays-News-13-25688-Japan-ready-for-a-big-$25-billion-loan-to-Pakistan
 

AwamiLog

Banned
ill be run at speeds of 100 km per hou
murad-ali-shah0.jpg


KARACHI: Adviser to the Chief Minister of Sindh, Syed Murad Ali Shah Tuesday said that the Karachi Circular Railway (KCR) project is being revived.

He said this while addressing a post-budget press conference at the CM House here.
He said that the estimated cost of the project is dollars 2.6 billion and that it would be revived with the Japanese government's assistance.

The Adviser was of the view that the KCR would be the solution to the transportation problems of the metropolis.

He said that the provincial government would like to start the KCR project by December this year and budgetary allocation has also been made.This project would be completed in three to five years' time.

Murad said that there are ancillary projects of rapid transit system for which six routes have been identified for bus rapid transit.

Thus, the major problem of Karachi transport, would be resolved, he added.

He said that Karachi is heart of Pakistan and the country would make headway when Karachi prospers.

The Adviser said that there is K-IV project which is of Rs 25 billion and S-III is of Rs 13 billion.

Additional Chief Secretary (Planning and Development) Arif Ahmed Khan, said that the Annual Development Programme (ADP) of Sindh is of Rs 185 billion with focus on education, health and energy.

He said that for preservation of vaccines, solar-powered refrigerators would be acquired for the rural areas.

A sum of Rs 1.6 billion has been allocated for the mobile hospitals project to help provide door to door health facilities in the rural areas.

Sindh Minister for Information, Sharjeel Inam Memon, was also present at the post-budget press conference and also the Sindh Finance Secretary, Suhail Rajput.

http://www.brecorder.com/budget/budg...d-adviser.html








Here are maps on the KCR:

6481_193843657441487_2103881227_n.jpg


KCR%202.jpg


800px-Karachi_Circular_Rail_Route.svg.png



Karachi_Circular_Railway_Proposed_Network.png




5-image5.jpg














JICA
Japan International Co-operation Agency (JICA) is providing the entire funding for the project through a soft loan. The loan is payable in 40 years by the stakeholders of the City District Government Karachi, Pakistan Railways and Government of Sindh (KUTC). The KUTC is planning an international tendering process for the project, which will be awarded on a turnkey basis. The winning contractors will operate it for the first two years of operation.


KCR line routes
The modernised KCR will follow a circular path, covering Karachi Cantt, Karachi city, Wazir mansion, Liaquatabad, Depot Hill, Drigh Road and Departure Yard. The extension towards the airport will start from Drigh Road and follow the path of the Pakistan Railways towards the airport.


KCR infrastructure
The project will include the construction of 19 underpasses and three overhead bridges. About 23 stations are planned for the project. The stations will feature computerised ticketing and vending machines, automated ticket gates and elevators.The existing KCR has about 22 level crossings. Since the railway line passes through the major commercial areas of the city, these level crossings need to be removed to ensure that trains can operate at the proposed 6min headway. The level crossings are expected to be removed and replaced by underpasses or overpasses.



Rolling stock
The new KCR will be served by electric multiple units (EMU) with a capacity to carry 1,400 passengers. The maximum speed of the EMUs will be 100km/h. About 290 trains are expected to operate daily at a six-minute headway.


KCR signalling and communications
The project will feature modern signalling and telecommunication system. An automatic train control (ATC) system will also be set up for the railway.





THANK YOU JAPAN



 

Rafay470

MPA (400+ posts)
AwamiLog;189869QJ8[/video said:
[[/video]

And what's the 10% of 2.5b dollars??

THANK YOU JAPAN FOR FUNDING 2,3 NEW PROPERTIES IN UK, USA, SWITZERLAND FOR BILAWAL, BAKHTAWAR & ASIFA,
 
Last edited:

mrk123

Chief Minister (5k+ posts)
And what's the 10% of 2.5b dollars??

THANK YOU JAPAN FOR FUNDING 2,3 NEW PROPERTIES IN UK, USA, SWITZERLAND FOR BILAWAL, BAKHTAWAR & ASIFA,


You forgot the sahrifs who are the lead negotiators. People will get their fair share for their efforts ;)

Imagine the cost of studies prior to this huge project thats worth 2500 million dollars. You want to bet that this will be conveniently shelved after studies, surveys, planning worth around $200 million?
 

Jazaheer

Politcal Worker (100+ posts)
I bet this plan was made in the era of Naimatullah Khan! Dumbheads like your leader are incapable of any thing good!
ill be run at speeds of 100 km per hou
murad-ali-shah0.jpg


KARACHI: Adviser to the Chief Minister of Sindh, Syed Murad Ali Shah Tuesday said that the Karachi Circular Railway (KCR) project is being revived.

He said this while addressing a post-budget press conference at the CM House here.
He said that the estimated cost of the project is dollars 2.6 billion and that it would be revived with the Japanese government's assistance.

The Adviser was of the view that the KCR would be the solution to the transportation problems of the metropolis.

He said that the provincial government would like to start the KCR project by December this year and budgetary allocation has also been made.This project would be completed in three to five years' time.

Murad said that there are ancillary projects of rapid transit system for which six routes have been identified for bus rapid transit.

Thus, the major problem of Karachi transport, would be resolved, he added.

He said that Karachi is heart of Pakistan and the country would make headway when Karachi prospers.

The Adviser said that there is K-IV project which is of Rs 25 billion and S-III is of Rs 13 billion.

Additional Chief Secretary (Planning and Development) Arif Ahmed Khan, said that the Annual Development Programme (ADP) of Sindh is of Rs 185 billion with focus on education, health and energy.

He said that for preservation of vaccines, solar-powered refrigerators would be acquired for the rural areas.

A sum of Rs 1.6 billion has been allocated for the mobile hospitals project to help provide door to door health facilities in the rural areas.

Sindh Minister for Information, Sharjeel Inam Memon, was also present at the post-budget press conference and also the Sindh Finance Secretary, Suhail Rajput.

http://www.brecorder.com/budget/budg...d-adviser.html








Here are maps on the KCR:

6481_193843657441487_2103881227_n.jpg


KCR%202.jpg


800px-Karachi_Circular_Rail_Route.svg.png



Karachi_Circular_Railway_Proposed_Network.png




5-image5.jpg














JICA
Japan International Co-operation Agency (JICA) is providing the entire funding for the project through a soft loan. The loan is payable in 40 years by the stakeholders of the City District Government Karachi, Pakistan Railways and Government of Sindh (KUTC). The KUTC is planning an international tendering process for the project, which will be awarded on a turnkey basis. The winning contractors will operate it for the first two years of operation.


KCR line routes
The modernised KCR will follow a circular path, covering Karachi Cantt, Karachi city, Wazir mansion, Liaquatabad, Depot Hill, Drigh Road and Departure Yard. The extension towards the airport will start from Drigh Road and follow the path of the Pakistan Railways towards the airport.


KCR infrastructure
The project will include the construction of 19 underpasses and three overhead bridges. About 23 stations are planned for the project. The stations will feature computerised ticketing and vending machines, automated ticket gates and elevators.The existing KCR has about 22 level crossings. Since the railway line passes through the major commercial areas of the city, these level crossings need to be removed to ensure that trains can operate at the proposed 6min headway. The level crossings are expected to be removed and replaced by underpasses or overpasses.



Rolling stock
The new KCR will be served by electric multiple units (EMU) with a capacity to carry 1,400 passengers. The maximum speed of the EMUs will be 100km/h. About 290 trains are expected to operate daily at a six-minute headway.


KCR signalling and communications
The project will feature modern signalling and telecommunication system. An automatic train control (ATC) system will also be set up for the railway.





THANK YOU JAPAN




 

Respect

Chief Minister (5k+ posts)
Is Sindh government behind all of this, if so will NS give the go ahead, because all he could muster up was 23.5 million odd dollors from US. So if this does not go ahead it will be becauseof PML N selfish thinking. As for the train it will look good in Karachi there is NO doubt about that, and also the dollor could come down in a result of this deal going through. It seems a good step by PPP, I am just worried if they start doing corruption with the money.
 

janijoker

Minister (2k+ posts)
Yaqeen nahin aata kyunke PPP ka Mega Projects mein Record bohat poor hai....Taraqiati Projects aur PPP dono 1 doosray ki zid hain,,,
 

scholar

Chief Minister (5k+ posts)
2.5 Billion Dollars Hussan Nawaz kay UK BANK Account may he transfer kerwa lena koun k Pakistan may dollars 110 rupee ka ho gia hain aur hame nay is ko 150 rupee per lay ja ker 18 corer awam ke eneet say eneet bajanee hain ..... Nawaz shareef ke Isaq dar ko instructions
 

janijoker

Minister (2k+ posts)
Agar Dollar ki urran na ruki aur menghai mazeed increase hui tau Nawaz ke Buray Din ziada door nahin :(
2.5 Billion Dollars Hussan Nawaz kay UK BANK Account may he transfer kerwa lena koun k Pakistan may dollars 110 rupee ka ho gia hain aur hame nay is ko 150 rupee per lay ja ker 18 corer awam ke eneet say eneet bajanee hain ..... Nawaz shareef ke Isaq dar ko instructions
 

scholar

Chief Minister (5k+ posts)
I personally feel k Pakistan may jaled he bohat baree tabdeeli any walee hain us ke waja yah Nawazo & Co., her chiz may bohat jaldee main hain
 

Vitamin_C

Chief Minister (5k+ posts)
2.5 Billion, no interest and 40 years time... Japan is giving 2.5 billion to Pakistan for free. Who knows what will happen after 40 years... and these 2.5 billion dollars after 40 years will be worth 100 times less... maybe the dollar might even crash and we have to pay nothing or maybe the rupee will appreciate.
 

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