ISLAMABAD: Federal Minister for Railways Hanif Abbasi has revealed that delays in the completion of Pakistan Railways’ flagship Main Line-1 (ML-1) project have increased its estimated cost by $2 billion, bringing the total projected cost to $8 billion.
According to the minister, work on the Rohri-Karachi section of the ML-1 project is targeted to begin by June next year, while the entire project is planned to be completed within two and a half years.
Abbasi said the ML-1 contract would have a duration of three years, although efforts would be made to complete the project within two to two and a half years. He added that alternative land and accommodation would be provided to people affected by the project.
Briefing on the condition of Pakistan Railways’ locomotives, the minister said that out of a total fleet of 439 engines, 267 were operational while 172 were out of service. He disclosed that six locomotives had become unserviceable after operating for just six months.
He further said that the overhaul of 40 locomotives was currently underway at an estimated cost of Rs45 billion. There are currently no plans to purchase new locomotives.
Abbasi added that efforts were also being made to restore outdated machinery in railway workshops and improve the capacity of railway laboratories.
According to the minister, Pakistan Railways’ annual revenue has crossed the Rs100 billion mark for the first time in its history. He also highlighted a reduction in operating expenses, saying the department now spends Rs84 to generate every Rs100 in revenue.
The federal minister further revealed that Pakistan Railways had recovered 282,609 acres of land valued at more than Rs21.17 billion.
