170m Euro Thar-New Chorr rail track: MoU signed

Railway construction PVT LTD collaborated with the BIL Pakistan (Pvt) Ltd to agree on the construction of a new 105km rail track connecting Thar Coal Block-II with New Chorr station on the Hyderabad-Mirpurkhas Rail link. A memorandum of understanding was signed. The project is valued for 170 million euros and will be executed under foreign direct investment by Al Furqan Group UAE, the CEO RAILCOP, Syed Najam Saeed, said on the occasion of MOU signing ceremony.

He also said that the project will provide maximum coverage of all Thar coal mine blocks and other far flung sectors of the Tharparker district. He reassured the achievement of the vision of Muhammad Azam Khan Sawati, federal minister of railways that the railways of Pakistan will be transformed into profit generating sector.

The CEO RAILCOP said that the goal of Prime Minister Imran Khan is to attract FDI with progressive incentives and policies to the investors in a healthy business environment.

Saeed stated that the necessity for a connection of Thar coal mines with the general railway system was exceeding after every passing day. So the project has been gaining top priority and urgency and its construction will be started as soon as possible. The project will fill the void of decreased investment stages and provided vast and highly effective job opportunities as well as have a massive positive effect over the general macro economy of the country.