26 Jun 2017, Petia Krasteva, EMIS Editor
Works on USD 8bn railway link between China and Pakistan to start this year
The line will start from Kiamari (Karachi) in the south to Peshawar covering 1,726 km and involve 196 big and small railway stations. The investment will mostly for the upgrade of the tracks that would allow passenger trains to run at 160 km/h and freight trains at 120 km/h.
Pakistan and China have signed framework agreement on this project in May at the side-lines of Belt and Road Forum in Beijing. CPEC is seen as a 3,218km-long route, to be built over next several years, consisting of highways, railways and pipelines. The total investments could reach USD 75bn, while the first part of the corridor should be operational by 2020.
Sign in and read the full article in emis.com Original source: AsiaNet-Pakistan - Daily News