MoUs comply with dedication by the UAE in 2024 to help the development of a brand new freight line in Karachi
PAKISTAN Railways (PR) and Etihad Rail, the nationwide railway of the United Arab Emirates (UAE), have signed two memoranda of understanding (MoU) with the intention of working collectively to reinforce the operational effectivity of Pakistan’s railway community.
The MoUs have been signed by PR CEO, Amir Ali Baloch, and the CEO of Etihad Rail, Shadi Malik, throughout a go to to Pakistan by the Crown Prince of Abu Dhabi, Khaled bin Mohamed bin Zayed Al Nahyan, on February 28.
Beneath the MoUs, the 2 railways will examine alternatives to reinforce Pakistan’s present railway community in addition to the event of a brand new railway venture. Etihad Rail says the collaboration goals to strengthen connectivity, facilitate mobility, and contribute to Pakistan’s financial progress.
The signing of the MoUs follows an settlement signed by the governments of the UAE and Pakistan in January 2024 for the UAE to take a position greater than $US 3bn to help the event of railway infrastructure in Pakistan.
Beneath the settlement, the UAE will fund the development of a brand new 50km freight line from the port of Karachi to Pipri marshalling yard. The settlement additionally envisages the development of associated logistics and terminal amenities, which will probably be led by Dubai-based DP World.
