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USD $ 02 billion projects for Karachi to make the city one of the most developed and beautiful
cities of the world.
The projects which came under discussion and were agreed to start include Karachi Urban
Mobility project (KUMP) of $400 million dollar; Karachi Water & Sewerage Services
Improvement Project (KWSSIP) of $1.6 billion and Competitive and Livable City of Karachi
(CLCK) of $230 m.
The CM further added that various projects were at implementation stage and some projects
were at securing finances and at conceptual stage.
The 1,800-kilometer Karachi-Peshawar Rail, also known as Main Line 1 or ML1, is a major
component of the China-Pakistan Economic Corridor. China has recently agreed to help
Pakistan upgrade the link for an estimated $8 billion. However, there is concern that the large
price tag could sink Pakistan further into debt, particularly after the government failed to
secure a bailout from the International Monetary Fund in the face of a rising balance of
payments crisis.
Gwadar turned out to be slow in 2018 but there are chances of revival as per Pakistan Real
Estate Forecast 2019 specially because of all the news we are hearing about Saudi and UAE
investments in Pakistan focusing on CPEC and Gwadar. Regardless of the rise or fall in future it
offers valuable returns in years to come and some place where you must invest.
However when it comes to Gwadar I strongly recommend that you stay away from unreliable
private societies and invest only in time tested developers and GDA projects.
Sanghar is a GDA project and offers great opportunity for investment and number 01 on our list
in 2019 real estate forecast of Pakistan.
Marine drive
Marine drive commercials are another area you need to look at in 2019 when considering
investments in Gwadar. It is safe and a very valuable commercial investment of future.
Open land
The prices are low and investment opportunities are huge in raw land. However you need to be
careful when investing as a lot of complications do exist even now.
The portion of Jinnah avenue commercial between old airport and coastal highway is lower in
price and attractive for commercial investment in future.
Expansion & Re-Construction of Existing Line ML-1.
Project Expansion and reconstruction of existing Line ML-1
Scope:
Doubling of entire track from Karachi to Peshawar
Speed of passenger trains to be raise from 65/110km/h to 160 km/h
Freight trains to operate at 120 km/h
Computer based signaling and control system
Grade separation to ensure safety of train operations
Responsibility:
Proposing Agency: Ministry of Railways
Implementing Agency: Pakistan Railways
Supervising Agency: Ministry of Communications, Government of
Pakistan
Financing: Work will be carried out by financing possibly through Chinese Government
Concessional Loan (GCL). Work will be awarded through open bidding as per
PPRA rules through EPC contract.
Three Phases:
Under the phase-I of the project, four sections will be completed in a period of three to four
years. Except for one, almost all these section will be built from Rawalpindi to Lahore.
A 52-km-long second line for running 120km per hour high-speed train will be constructed from
Kaluwai to Pindora. The other sections include upgrading of Nawabshah-Rohri section of
183km, Lalamusa-Rawalpindi section of 118km, and Lahore - Lalamusa section of 132km. The
upgrading of Walton Railway Academy with a reduced scope is also part of phase one.
In the second phase that will also take over three years to complete, Multan-Lahore section
and Kaimari - Hyderabad section will be constructed. The dry port at Havelian will also be part
of the second phase but its scope has been reduced.
In the third phase, Pakistan and China have agreed to construct a Rawalpindi-Peshawar section
and Hyderabad-Multan section. The Taxila - Havelian track has been dropped from the ML-I
scope.
The sources said Chinese contractors have the technical capacity and financial muscles to
complete the three phases simultaneously but the Pakistan Railways cannot afford to close its
commercial traffic and the project has to be implemented in phases that will take more time.
Secondly, Pakistan does not have enough fiscal space to allocate the rupee component in the
development budget in one go. At present, the Pakistan Railways is picking up less than 04% of
the traffic volume of the country, which the government intends to increase to at least 20% by
2025.
Khuzdar-Basima Road N-30 (110 km.
Project Description: The project is located in District Khuzdar in Baluchistan province. The project
is construction of 2-lane highway from Basima to Khuzdar. The project length
is 110 km.
Province: Balochistan