ISLAMABAD: The Public-Private Partnership Authority (P3A) on Tuesday approved a project proposal regarding the new Karachi Circular Railway (KCR).
Taking to Twitter, Planning and Development Minister Asad Umar said that he today chaired a P3A board meeting which approved the project proposal and transaction structure of the modern KCR project.
Also Read: ‘Work on modern KCR project to start next month’
“It will be a 43km track, with 30 stations and ridership expected to exceed 4 lacs daily. This will transform the karachi transport situation.” he said.
Earlier, the minister said work on the modern Karachi Circular Railway (KCR) project would start in January.
Also Read: Pakistan Railways hands over KCR, Shah Latif Express to private sector
“The construction work on the new KCR project would start from January 2022,” he said, adding that significant progress was made on all five projects of KTP including Green Line BRT Project, K-IV Water project, cleaning of three nullahs, Karachi Circular Railways and Railway Freight Corridor.
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