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China offers investment of 3.8 billion US dollar for Pakistan Railways

byCT Report
21/04/2015
in Business, Latest News
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LAHORE: Chinese Vice Minister for Transport Lu Dong Fu has said that Peoples Republic of China was willing to invest more than US $3.8billion in the railway sector for up-gradation of Pakistan Railways.

Addressing a joint meeting of a 13-member delegation of Chinese official and PR officers at PR headquarters here on Tuesday; he expressed his wishes that China wanted to help the PR for developing all sections including locomotives, signals, communication and track.

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He assured that all out cooperation would be offered for the betterment of the Pakistan Railways.

Representatives of China Eryuan Engineering group gave a briefing on the feasibility study report of the PR and recommended several suggestions for up-gradation of Karachi-Havelian (ML1) track.

On the occasion, PR Chief Executive Officer Javiad Anwar Boobak acknowledged the cooperation of China and said that Pakistan and China have been working for years.

He said that China cooperation in the improvement of the PR was an example of true friendship which could never be shaken.

Earlier, the PR CEO welcomed the Chinese guests at Lahore Railway Station where children presented them bouquets.

Later, he along with the Chinese delegation and PR officers visited PR Locomotive Workshop.

The PR CEO briefed the guests about the manufacturing, rehabilitation and capacity of the shop on which the Chinese Minister offered cooperation in the locomotive manufacturing and rehabilitation.

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