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    Magnetic train to be introduced in Karachi

    finally a good move for mass transit in largest city of pakistan, I am would be happy if it will be completed in time.


    City govt, foreign firm sign MoU

    By Moosa Kaleem

    KARACHI: The city government has signed a memorandum of understanding (MoU) with a Swiss-German firm regarding introduction of a magnetic gravitational train service, estimated to cost $1.2 billion, in Karachi on a Build-Operate-Transfer (BOT) basis, according to sources at the city government offices.

    Quoting the contents of the MoU, the sources said that the foreign firm, Inter-Glob Euro-Arab TransCar (IETC), would organise, procure, build (through contractor) and operate the routes of the service, called Megno TransCar Project.

    The management and operation of the project would be the duty of the IETC, which might be sub-contracted to the city government or their nominee, the sources said. The first piece of the overall planned routes should be the ring around Karachi; and the IETC shall be responsible for building stations, shops, bridges, and culverts, they said.

    The first phase of the project is likely to be completed within two years, the sources said, adding that the other routes within the city would be completed within a span of five years. There would be two partners in the project, the IETC and a group of overseas Pakistanis, each getting 90 and 10 per cent of the profits respectively, the sources said. The IETC, they said, would be entitled to have 100 per cent shares of the company. The city government would provide its land for the tracks against some percentage on the gross receipts, they said.

    Highlighting the utility of the project, the sources said that since the train would just hover above the tracks, no fuel would be required. Besides, its operation would be pollution and noise-free. They said that it would provide the citizens with a cheap and economical mode of commuting.

    The firm would invest around $1.2 billion on the project on a BOT basis for no less than 30 years, the sources said, adding that the proposed project envisaged operation of a locomotive, with six wagons attached, leaving every three and 15 minutes respectively during peak and slack hours.

    According to the sources, the firm was persuaded to invest in Karachi by a Saudi Arabia-based financial group of Pakistanis. City Nazim Naimatullah was very much interested in the introduction of the proposed project. However, the matter was subject to final approval of the federal and provincial governments. In this connection, the city government will also publish details of the project in the newspapers to make the process transparent.

    The sources informed that around 15 kilometres of tracks would be laid over the first stretch of the planned routes, called the Karachi Ring. The firm would construct stations after every kilometre-and-a-half en route, and the train would take half-an-hour to reach the destination. The whole project was likely to be completed within a period of two and a half years, envisaging a total of 85 kilometres of railway tracks.

    "Despite two alleged suicide bombing attacks in Karachi, foreign investors are willing to invest in the metropolis which is a positive sign," commented a source. Moreover, the city government had also recently signed an MoU with the World Bank under which a study would be carried out in city in connection with the solid waste management, the sources said.

    http://jang.com.pk/thenews/jun2002-d...ain/main13.htm

    ------------------
    End is Begining!
    پاکستان پاکستان

    #2
    excellent finally some relief for the karachites from those annoying traffic jams...

    Comment


      #3
      Sounds like NYC subways

      All the best

      Comment


        #4
        Originally posted by An American Angel:
        Sounds like NYC subways

        All the best
        thanks, i hope it will not become like london underground, dont know about NYC subways though
        پاکستان پاکستان

        Comment


          #5
          Originally posted by Shak killS:
          thanks, i hope it will not become like london underground, dont know about NYC subways though
          NYC subways open 24/7 !

          So does Karachis too, Godwilling!

          I think that's what American Angel meant

          LONG LIVE PAKISTAN

          Comment


            #6
            Nice in theory, but considering half our roads are broke, shouldn't we fix them first?

            Comment


              #7
              Originally posted by RealDeal:
              Nice in theory, but considering half our roads are broke, shouldn't we fix them first?
              Good point

              Comment


                #8
                RealDeal, the main roads in Karachi are not that bad... Infact they are alot better than other cities... Its the smaller roads that are in terrible condition and the blame goes to contracters who take 90% of the money into their pockets and use rest of the 10% to make crappy roads!

                Comment


                  #9
                  Originally posted by Spock:
                  RealDeal, the main roads in Karachi are not that bad... Infact they are alot better than other cities... Its the smaller roads that are in terrible condition and the blame goes to contracters who take 90% of the money into their pockets and use rest of the 10% to make crappy roads!
                  Not all of them Spock. Some roads are really terrible. I think you are mentioning here about Clifton and Defence sector. Sure, it does have good roads. If any western goes there, he/she would definitely feel driving his/her car on NYC roads

                  But the point RealDeal is making here, to work on those roads, which ain't in a good condition. I hope, Govt. take it seriously.

                  We have to work for the nation, not for few people!

                  ALLAH PROTECT PAKISTAN FROM HATE MONGERS. AMEEN

                  Comment


                    #10
                    Originally posted by Pakistani Tiger:
                    Good point
                    Thank you.

                    Comment


                      #11
                      Originally posted by Spock:
                      RealDeal, the main roads in Karachi are not that bad... Infact they are alot better than other cities... Its the smaller roads that are in terrible condition and the blame goes to contracters who take 90% of the money into their pockets and use rest of the 10% to make crappy roads!
                      Only some of the raods are ok like you said mostly the main ones. But even in defence if you're driving you'll come across roads that are mostly ok, but have a few broken holes.

                      Anyways, Karachi is much more than these parts, generally speaking, a LOT of work needs to be done.

                      Blames goes on contractors but mostly on govts.

                      Comment


                        #12
                        Originally posted by RealDeal:
                        Thank you.
                        Welcomz

                        Comment


                          #13
                          Mass transit is the way to go and it will perfectly suit Karachi

                          Comment


                            #14
                            Originally posted by Abdali:
                            Mass transit is the way to go and it will perfectly suit Karachi
                            Yeppers

                            TAKE YOUR BEST SHOT AT ME

                            Comment


                              #15
                              Originally posted by RealDeal:
                              Nice in theory, but considering half our roads are broke, shouldn't we fix them first?
                              I once used to live in Pakistan. This is exactly what Karachi needs. The very reason for broken roads is there are too many cars. Hopefully, with a "magnet train" it will reduce the trafic, and alomg with it reduce the amount of road wear. I agree, it is only good in theory... we just have to hope that it goes as planned.

                              Comment

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