News

Karachi tries Circular Railconcession

By Ali 1999-05-01T10:00:00

MAY 20 is the deadline for submission of proposals to revitalise the Karachi Circular Railway as a high-capacity commuter carrier. Pakistan’s National Mass Transit Authority envisages awarding a 25-year build-operate-transfer concession, with railway-owned land and stations forming a government equity stake in the project.

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