Railways business share to expand from 5 to 25 pc by 2030: chairman

Staff Reporter

Chairman Pakistan Railways Habib Ur Rahman Gilani said that the existing five (5) per cent passenger transport and freight business share of Railways would go up to 25 per cent by the year 2030.

Addressing a gathering of industrialists at Multan Chamber of Commerce and Industry (MCCI), he disclosed that travel by trains would become faster and secure after completion of the mega ML-1 project adding that work on it is expected to begin within next six months.

“Its planning and all related stages have been completed, designs and drawings sent to Chinese,” Gilani said adding that finalizing loan from China and related matter would take almost six months to pave the way for project’s execution.

The project would be completed in two phases in two and half years, chairman Railways added.

He said that replacement of around 1250 kilometer lifeline track from Karachi to Peshawar under ML-1 would help increase trains’ capacity to run faster, from existing 105 km/h to 160 km/h.