Railways likely to complete 6 ongoing schemes during current financial year

Engineering Post Report 

Railways Division of the Railways Ministry is  executing 28 ongoing development  schemes in phased manner and out of these six projects are likely to be completed during the ongoing  financial year 2023-24 under the Public Sector Development Programme (PSDP)  of the Federal Government.

Development schemes likely to be  completed by end June 2024  include Immediate  Track safety Work in Karachi and Sukkur; Procurement and Installation of Machinery at Signal Workshop; Procurement/Manufacture of 820 High Capacity  Bogie Freight Wagons and 230 Passenger Coaches; Reconstruction/Rehabilitation  of Assets  Damaged  during  the Floods 2010 (Revised);Rehabilitation of  300 KVA DG Sets, and; Rehabilitation of Karachi Port trust (KPT) and Rail Connectivity , Pakistan Railways Karachi (Revised).

All these projects were approved over varying years by the Departmental Development Working Party (DDWP), Central Development Working Party (CDWP) and  the Executive Committee of the National Economic Council (ECNEC)  depending on their estimated costs..

Railways Division was executing on the whole 28 development schemes  including the above mentioned six schemes at a total estimated cost of Rs 110571.428 million including  Foreign Aid of Rs 12939.318 million. Against this, a total estimated amount of Rs 71555.031 had been reported incurred till end June 2023. For continued execution of these ongoing 28 schemes Railways Division has been allocated Rs 28850.000 million including foreign aid of Rs 238.000 million  under PSDP during the ongoing financial year.

Besides  ongoing development schemes, the Railways division plans to launch nine new schemes  involving a total estimated cost of Rs   1997560.793 million  including foreign aid of Rs 446463.644 million during the  current  final year 2023-24.

New schemes include among others mega project “Up-gradation of Pakistan Railways existing Main line-1 (ML-1) and establishment  of Dry Port near Havelian (2018-22) Phase -2 (CPEC) at an estimated cost of Rs 1970215.800 million including  Foreign Aid of  Rs 448463.644 million. For launching of this mega project during the  current financial  year, strangely enough  a nominal allocation of Rs 200.000 million including Foreign Aid of Rs 100.00 has been provided in PSDP  2023-24.