Waheed Mahmood
ISLAMABAD: Following a bailout package of Rs1.1 billion announced by the federal government, the crisis-hit Pakistan Railways was finalising its priorities including maintenance of 145 locomotives and rehabilitation of rail tracks and coaches.
A meeting in this regard would be held by mid-January between Minister for Railways and Minister for Finance in which the former would brief the latter about projects to be executed after release of funds.
“We have planed to spend Rs 6.1 billion on maintenance of 145 locomotives, Rs 2 billion each on rehabilitation of tracks and coaches while Rs one billion would be reserved for future use,” Minister for Railways Haji Ghulam Ahmed Bilour told APP.
After their maintenance, 75 per cent of locomotives would be used for freight carrying and the rest would be used for passenger coaches. According to the estimates, a locomotive of 3000 horse power generates up to Rs 60 million per annum against Rs50.5 million by the one with 2000 horse power.
He said for maintenance purpose, the spare parts would be imported and 10 to 12 locomotives would be repaired each month hoping that it would help a lot to minimize losses of this public entity..-Agencies
“We have planed to spend Rs 6.1 billion on maintenance of 145 locomotives, Rs 2 billion each on rehabilitation of tracks and coaches while Rs one billion would be reserved for future use,” Minister for Railways Haji Ghulam Ahmed Bilour told APP.
After their maintenance, 75 per cent of locomotives would be used for freight carrying and the rest would be used for passenger coaches. According to the estimates, a locomotive of 3000 horse power generates up to Rs 60 million per annum against Rs50.5 million by the one with 2000 horse power.
He said for maintenance purpose, the spare parts would be imported and 10 to 12 locomotives would be repaired each month hoping that it would help a lot to minimize losses of this public entity..-Agencies
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