China to develop interlinked-Circular Railway in KPK
PESHAWAR: The provincial government of Khyber Pakhtunkhwa and China Communication and Construction Company Ltd signed a memorandum of understanding (MoU) relating to a $1.6 billion Circular Railway Project, Inter Linking Peshawar, Nowshera, Mardan, Charsadda with future expansion to Swabi and a speedy service from Peshawar to Islamabad at Chief Minister’s (CM) Secretariat Peshawar.
Having the expertise in rail communication and infrastructure, China Communication and Construction Company Ltd is a major construction company in Chinese public sector which has undertaken and completed major projects in China and other countries. “It is a trillion multi dollars entity,” said a handout issued on Wednesday.
The MoU was signed at a ceremony held at Chief Minister Secretariat Peshawar between Special Assistant on Transport Malik Shah Muhammad Wazir and China Communications & Constructions Corporation, Ltd Country Head Mr. Waing Xiaoping.
According to the memorandum China Communication and Construction Company Ltd shall conduct a feasibility study inclusive of concept design, cost estimation and will prepare a technical and financial proposal for the provincial government regarding the development of the project. It would also provide technical specification to government for the soil investigation and survey. The government of Khyber Pakhtunkhwa would be responsible for obtaining all approvals permits, land rights or other necessary permissions to enable the company to complete the feasibility work.
The government, in this regard, would also facilitate the company to fulfill its obligations and responsibilities by providing available relevant local technical information and other necessary documents available in respect of project.
The financial model for the project has to be agreed between the parties prior to commencement of the project through an agreement to be signed after fulfilling all legal formalities.
The speed of the train under the project will be 2,200 Km/hour. It is a major step by the provincial government towards a mass transit integrating the major cities of the province. The project would have the space to be further expanded to areas and commercial hubs and industrial zones throughout the province. The project would resolve the transport problems and would also create jobs in the province contributing to it economy.