Only Chinese companies would participate in the bidding for contracts for all civil and engineering work and would earn a profit of up to 20% to 25% on their investments. PHOTO: ONLINE
The plan’s PC-I and feasibility report, after getting approval from the federal government, would be sent to the Pakistan-China committee for final go-ahead, officials told PPI on Thursday.
KCR will be developed as part of the China-Pakistan Economic Corridor (CPEC) with Chinese financial assistance.
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Construction work on the project will be initiated in October and, according to the plan, it will be completed in three years. The task for the removal of encroachments has been given to the Karachi commissioner. A total of 4,659 residential units, which will be affected by the project, will get compensation, states a summary.
KCR will have 14km land route and 28km above-ground track. Light rail will be run on the track. The project was included in CPEC on December 30 last year, after consultation between the governments of Pakistan and China.
Sindh’s Projects: Inclusion in CPEC to bring prosperity
On the directives of Sindh Chief Minister Syed Murad Ali Shah, the Sindh Mass Transit Cell prepared the PC-1 and feasibility report and sent it to the Planning and Development Department.
Final approval from Pakistan side will be given by the Executive Committee of National Economic Council (Ecnec) and then it will be sent to the Pakistan-China committee by the end of March.
Published in The Express Tribune, March 24th, 2017.
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