Two Chinese firms express interest in developing KCR, Zulfikarabad

Karachi

A high-powered delegation of a Chinese state-owned company and a private firm called on Sindh Chief Minister Qaim Ali Shah on Saturday to express their interest in developing the Karachi Circular Railway and Zulfikarabad.

The delegation of state-owned China Railways Company was led by Mr Vin while that of the private firm Tashinua was by Mr Jinbo, and discussed investment opportunities in the province. Both delegations expressed their deep in investing the Karachi Circular Railways and also the new city being built off Thatta, by the name of Zulfikarabad.

During the meeting, the chief minister while citing a survey said the Karachi Circular Railways covered a distance of 43 kilometres with 24 stations, and had daily turnover of around 700,000 passengers.

He said the project had great investment opportunities and directed transport minister Mumtaz Khan Jakhrani and secretary Tuaha Farooqui to meet with the delegation discuss the light rail requirements.

The Tashinua delegation said the firm had vast experience in urban development, road and airport construction and said they were deeply interested in developing Zulfikarabad city along the coast of Arabian Sea off Thatta.

The chief minister also directed DG Zulfikarabad to hold a separate meeting with the Chinese delegation on Monday and discuss the mode of investment with them.

The meeting was also attended by Senator Saleem Mandviwala and Sindh Board of Investment chairman Naheed Memon.