{"id":61004,"date":"2020-02-05T10:25:20","date_gmt":"2020-02-05T10:25:20","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=61004"},"modified":"2020-02-05T10:25:21","modified_gmt":"2020-02-05T10:25:21","slug":"sindh-railways-to-fix-issues-delaying-revival-of-kcr","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/sindh-railways-to-fix-issues-delaying-revival-of-kcr.html","title":{"rendered":"Sindh, Railways to fix issues delaying revival of KCR project"},"content":{"rendered":"\n<p>Karachi: The Sindh government and Pakistan Railways have reached an accord to resolve all pending issues hindering Karachi Circular Railway (<a href=\"https:\/\/www.zameen.com\/news\/govt-request-china-finance-kcr.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"KCR (opens in a new tab)\">KCR<\/a>) \u2013 including the handover of the Karachi Urban Transport Company (KUTC) and right of way (ROW) to the provincial government \u2013 according to news sources. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sindh-keen-to-initiate-kcr-other-cpec-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Sindh keen to initiate KCR, other CPEC projects (opens in a new tab)\">Sindh keen to initiate KCR, other CPEC projects<\/a><\/p>\n\n\n\n<p>The\nhanding over of the federally-owned KUTC will enable the Sindh government to\ninitiate the project after getting financial approval from the\nChina-Pakistan-Economic-Corridor (CPEC) -related Joint Coordination Committee\n(JCC) set to meet in April 2020 in Beijing. <\/p>\n\n\n\n<p>This important announcement was made after a meeting between Chief Minister (CM) Sindh Syed Murad Ali Shad and Railways Minister Shiekh Rasheed Ahmed at the CM\u2019s residence. <\/p>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sc-seeks-kcr-restoration-deadline-from-railways.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"SC seeks KCR restoration deadline from Railways (opens in a new tab)\">SC seeks KCR restoration deadline from Railways<\/a><\/p>\n\n\n\n<p>Minister\nRasheed was given a chronological overview of the KCR project by CM Shah, who\nsaid that he had requested the then prime minister to incorporate KCR under the\nCPEC framework, issue sovereign guarantee for its revitalization, and hand over\nthe KUTC and ROW to Sindh government back in December 2016.<\/p>\n\n\n\n<p>According\nto the CM, below is the account of progress made on the KCR project:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>6th JCC meeting held on Dec 29, 2016 at Beijing; an agreement reached to revive KCR.<\/li><li>KCR approved at a cost of PKR 207.6 billion (to be funded by a Chinese loan) on Oct 6, 2017<\/li><li>The administrative approval was given to the project by the transport and mass transit department on Nov 8, 2017.<\/li><li>KCR was technically qualified and matured for implementation in the 7th JCC meeting held on Nov 21, 2017.<\/li><li>The importance of the KCR was recognised in the 8th JCC meeting held on Dec 20, 2018.<\/li><li>The Chinese side stated that the Pakistan government should submit the financing request for the project, during the 9th JCC meeting held in Islamabad on Nov 6, 2019.<\/li><\/ul>\n\n\n\n<p> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/usd-1-billion-approved-for-social-development-by-cpec-jcc.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"USD 1 billion approved for social development by CPEC JCC (opens in a new tab)\">USD 1 billion approved for social development by CPEC JCC<\/a><\/p>\n\n\n\n<p>A committee was constituted to\nfinalise the formal arrangements of the KUTC handover in a month under the\nsupervision of the chief secretary and railways secretary.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Sindh government and Pakistan Railways have reached an accord to resolve all pending issues hindering Karachi Circular Railway (KCR) \u2013 including the handover of the Karachi Urban Transport Company (KUTC) and right of way (ROW) to the provincial government \u2013 according to news sources. Read: Sindh keen to initiate KCR, other CPEC projects The handing over of the federally-owned KUTC will enable the Sindh government to initiate the project after getting financial approval from the China-Pakistan-Economic-Corridor (CPEC) -related Joint Coordination Committee (JCC) set to meet in April 2020 in Beijing. This important announcement was made after a meeting between Chief Minister (CM) Sindh Syed Murad Ali Shad and Railways Minister Shiekh Rasheed Ahmed at the CM\u2019s residence. Read: SC seeks KCR restoration deadline from Railways Minister Rasheed was given a chronological overview of the KCR project by CM Shah, who said that he had requested the then prime minister to incorporate KCR under the CPEC framework, issue sovereign guarantee for its revitalization, and hand over the KUTC and ROW to Sindh government back in December 2016. According to the CM, below is the account of progress made on the KCR project: 6th JCC meeting held on Dec 29,&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[17965,4468,17976,17966],"persona":[],"class_list":{"0":"post-61004","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-details-on-sindh","9":"tag-kcr","10":"tag-kutc","11":"tag-railways-to-fix-issues-delaying-revival-of-kcr-project","12":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Sindh, Railways to fix issues delaying revival of KCR - Zameen News<\/title>\n<meta name=\"description\" content=\"Sindh government and Pakistan Railways have reached an accord to resolve all pending issues of KCR \u2013 including the handover of KUTC and ROW to Sindh\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/sindh-railways-to-fix-issues-delaying-revival-of-kcr.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sindh, Railways to fix issues delaying revival of KCR - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Sindh government and Pakistan Railways have reached an accord to resolve all pending issues of KCR \u2013 including the handover of KUTC and ROW to Sindh\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/sindh-railways-to-fix-issues-delaying-revival-of-kcr.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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