ADB to Fund $2.5 Billion Railway Track Completion in Pakistan
What happened
Minister for Railways Muhammad Hanif Abbasi informed the National Assembly that the Karachi-Rohri section of the Main Line-1 railway track will be completed at a cost of $2.5 billion. This project will be completed with the cooperation of the Asian Development Bank, with groundbreaking expected in January or February next year. The Minister also stated that around 200,000 kanals of railway land has been retrieved from illegal occupants.
From radio.gov.pk
Why it matters
The project represents a major infrastructure investment in Pakistan. The Asian Development Bank's cooperation provides significant funding for the modernization of Pakistan Railways, supporting national economic capacity.
The Asian Development Bank is exploring funding for Pakistan Railways modernization, while the Senate questioned the Economic Affairs Division.
From radio.gov.pk
Who's involved
- Asian Development BankCooperating with the government on the railway track completion.
- Hanif AbbasiMinister for Railways overseeing the project and reporting to the National Assembly.
- PakistanThe sovereign state where the railway track is being completed.
- Pakistan RailwaysThe state-owned railway company receiving the funding for track completion.
- Government of PakistanThe federal government overseeing the execution of the national infrastructure project.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- PakistanSpeculative
Infrastructure investment could boost national economic capacity.
- Pakistan RailwaysSpeculative
Pakistan Railways might receive direct funding for Main Line-1 track completion and modernization.
- Asian Development BankSpeculative
The Asian Development Bank might secure $2.5 billion funding for railway infrastructure.
Keep exploring
Part of
ADB is exploring funding for Pakistan Railways modernization, while the Senate questioned the Economic Affairs Division.Also in this story
- ADB and the Government of Pakistan are coordinating on the ML-1 railway project in Pakistan.
- Pakistan and Pakistan Railways are cooperating on developing a multimodal logistics network.
- ADB projects growth rates for Pakistan (3.7%), South Asia (6.0%), and Bangladesh (3.7%), while regional tensions drive up costs for fuel and electricity.
The entities involved
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Asian Development Bank
regional development bank
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Hanif Abbasi
Pakistani politician and businessman
Related events
- The Asian Development Bank approved facilities for national reforms on October 1st.
- The Asian Development Bank raised its growth outlook for the South-east Asia region on September 22nd.
- ADB invested in a company to support growth in the Philippines.
- Australia provided renewed funding to the Asian Development Bank for a new initiative announced in Sydney.