ISLAMABAD: The Federal Government has earmarked Rs 39566 million in Public Sector Development Programme (PSDP) for various projects of Pakistan Railways for the next fiscal year, including Rs 660 million for China-Pakistan Economic Corridor (CPEC).
According to the budgetary documents, the estimated cost of CPEC is Rs 1112 million, while Rs 660 million has been allocated in the next budget for 2014-15. Out of the total allocation, the estimated cost of new development schemes is Rs 56,706 million, out of which Rs 7,265 million has been earmarked in the next budget. Some Rs 85,149.017 million will be incurred on various development projects by the end of current financial year. The estimated cost of development projects is Rs 26,3946.658 million, including Rs 28237.044 foreign aid.
For ongoing schemes, Rs 442.200 million has been allocated for doubling of track from Khanewal to Raiwind. A sum of Rs 570 million has been allocated for doubling the track from Shahdra to Lalamusa and Rs 1000 million for mechanization of track maintenance (Pilot project). Rs 1900 million has been allocated for rehabilitation of 27 (HGMU-30 Class) diesel electric locomotives (revised).
Similarly, Rs 9000 million has been allocated for procurement of 500 high capacity wagons and 40 power vans and Rs 6500 million for procurement and manufacturing of 50 diesel electric locomotives (revised).
Rs 2300 million has been allocated for special repair of 150 DE locomotives to improve availability and reliability and Rs 2,750 million for improvement of signaling system of Lodhran-Khanpur-Kotri section and provision of centralised traffic control (CTC) on Shahdra-Lodhran section.
Meanwhile, the federal government has envisaged an allocation of over Rs49 billion on construction of roads and motorways in the Public Sector Development Programme (PSDP) for the next budget 2014-15, in order to execute development projects under China-Pakistan Economic Corridor (CPEC).
ISLAMABAD: Federal Minister for Commerce Khurram Dastgir Khan said on Friday the on-going ...