CWDP approves replacement of track machines project

News Image

MG News | February 21, 2022 at 06:17 PM GMT+05:00

0:00

February 21, 2022:  The Central Development Working Party (CDWP) has approved replacement of track machines project during its meeting held on Monday, said a press release issued on Monday.

The CDWP also discussed policy related issues relating to SDGs financing for green recovery to build forward modalities of engineering, procurement and construction criteria for development project better; consultancy framework and techno economic feasibility criteria.

The forum took certain decisions to improve project appraisal criteria. It was also agreed that PSDP financing will be diverted from infrastructure development to support economic growth and digital space to give opportunities for the private sector to invest in infrastructure sector projects from next financial year.

The meeting was chaired by Deputy Chairman, Planning Commission (DCPC) Mohammad Jehanzeb Khan which was attended by the members of the DCPC, Secretary Railways and other relevant stakeholders.

Secretary Railway while briefing the meeting informed that the project envisages procurement of track lifting, levelling, aligning & tamping machine with integrated stabilizer and self-propelled track inspection and recording car. The cost of the machinery includes cost of spare parts for 3 years.

Ministry of Railway will execute the project and total cost of the project is Rs7415.542 million which is to be financed through PSDP.  The Secretary further apprised the meeting the objective of the project is to strengthen & modernize the existing track infrastructure maintenance machinery by deploying latest machines/equipment all over the operating division especially Main Line 1, besides, other important Main Line 2 & 3, Tertiary Lines as envisaged in National Transport Policy of Pakistan, 2018.

In view of increasing freight and coal business, reliability and safety of track infrastructure is need of hour which can be achieved through modern equipment’s/machines and timely replacement of track machines, Secretary informed the participants while giving a detailed briefing.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 135,939.87
307.74M
-0.41%
-562.67
ALLSHR 84,600.38
877.08M
-0.56%
-479.52
KSE30 41,373.68
101.15M
-0.43%
-178.94
KMI30 191,069.98
82.45M
-1.17%
-2260.79
KMIALLSHR 55,738.07
422.01M
-1.03%
-577.24
BKTi 38,489.75
45.79M
-0.02%
-8.33
OGTi 27,788.15
6.87M
-1.24%
-350.24
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 116,920.00 120,695.00
116,090.00
-3315.00
-2.76%
BRENT CRUDE 68.77 69.41
68.60
-0.44
-0.64%
RICHARDS BAY COAL MONTHLY 96.50 96.50
96.50
0.50
0.52%
ROTTERDAM COAL MONTHLY 104.50 104.50
104.25
-2.05
-1.92%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.63 67.13
66.22
-0.35
-0.52%
SUGAR #11 WORLD 16.56 16.61
16.25
0.26
1.60%

Chart of the Day


Latest News
July 15, 2025 at 05:46 PM GMT+05:00

Labubu Mania drives Pop Mart’s profit surge


July 15, 2025 at 05:22 PM GMT+05:00

Big industry output rises 2.29% in May


July 15, 2025 at 04:22 PM GMT+05:00

SYS set for 71% profit surge on global tailwinds



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg