*The present status of preparation and processing of Karachi Circular Railway (KCR) and Railways Freight Corridor projects*
ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting to review the present status of preparation and processing of Karachi Circular Railway (KCR) and Railways Freight Corridor projects here in Islamabad on Tuesday. Federal Minister for Railways Azam Khan Swati, focal person of the Planning Ministry for Karachi Projects Najeeb Haroon MNA, Secretary Railways, CEO PPP Authority and senior officials of both Ministries participated in the meeting.
Secretary Railway informed in the meeting that Karachi Circular Railway project and Railway Freight Corridor are on track as per the timelines given by the Ministry.
Asad Umar directed Ministry of Railways and PPP Authority to carry out monthly progress review of the work assigned to the consultants to ensure that the tasks are completed on time. He said that efforts be made to devise the best possible transaction structure of the project and all options may be explained for the same.
The minister stated that the incumbent government is fully committed to development of KCR project and all possible measures will be taken for achieving this objective. He said that these projects are to be executed at a fast pace as per the directions of the Prime Minister.