KCR Project: Work to Invite Private Investors in Final Stage, Says Asad Umar – Business & Finance
Federal Planning and Development Minister Asad Umar said on Tuesday that work to finalize the Karachi Circular Railway (KCR) for approval to invite private sector investment was in its final stages.
In a tweet, the minister hoped the project would change Karachi’s public transport system, which for decades experienced underinvestment and dilapidated infrastructure.
Last month, Minister of Railways Azam Khan Swati informed the parliamentary panel that the Rs220 billion KCR project in Karachi would revolutionize domestic travel in the metropolis.
He said the seed capital has been put in place and the completion of the project will take 36 months.
Large ministries, divisions: Cabinet discusses possibility of launching hybrid system
Prime Minister Imran Khan completed the inauguration of the KCR project last year. The KCR project, when completed, will include a 43 km long two-lane track, of which 29 km is elevated, as well as 24 level crossings and 16 stations.
This project is expected to convert the old KCR into a mass transit system, which will help minimize congestion in Karachi.
Meanwhile, Umar said 20,646 citizens used Karachi’s new Green Line Bus Rapid Transit (BRTS) service on the first day of its normal commercial operation.
BRTS was fully operational on Monday after almost six years since its inauguration. The duration will be from 7 a.m. to 10 p.m.
Karachi Green Line bus project enters full commercial service: Asad Umar
The bus service will depart from KESC Powerhouse Chowrangi in Surjani town and end at the municipal park after passing through Nagan Chowrangi, North Nazimabad, Nazimabad and Gurumandir, with 25 stations along its route.
The BRT green line is supposed to facilitate the movement of around 300,000 passengers per day.