Karachi Circular Railway Approved

Big news for Karachi ...........................I hope this project is really materialzied.

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The Executive Committee of the National Economic Council (ECNEC) approved on Thursday 20 projects – valued at Rs 259.4 billion with a foreign exchange component of Rs 149 billion – including the Rs 128.5 revival of the billion Karachi circular railway as a modern commuter system.

http://www.youtube.com/watch?v=C_v-V8d_TSM&eurl=http%3A%2F%2Fwww%2Edawnnews%2Etv%2Fwps%2Fwcm%2Fconnect%2Fdawn%2Dcontent%2Dlibrary%2Fdawn%2Fnews%2Fpakistan%2Fmetropolitan%2F09%2Dgreen%2Dsignal%2Dfor%2Dkarachi%2Dcircular&feature=player_embedded#t=54

Briefing the media after the meeting, Information Minister Qamar Zaman Kaira said the ECNEC, presided over by the Finance Minister, approved the Karachi Circular Railways project, but also decided to have a third party evaluation of Rs 128.60 billion project to ensure transparency in utilisation of funds. The Minister said similar projects would also be initiated in other big cities to facilitate the people.