| Islamabad: Pakistan and Dubai governments have initiated dialogues concerning investments in railway infrastructure, terminal development, and other shared interests, as revealed in a news article on February 2.
Read: UAE to invest USD 3bn in Railways, infrastructure development in Pak
According to the details, the development was brought to light in the wake of two distinct government-to-government (G2G) agreements inked at the World Economic Forum in Davos.
Two weeks ago, during the World Economic Forum in Davos, Switzerland, the governments of Pakistan and Dubai sealed two inter-governmental framework agreements, with an envisaged investment exceeding USD 3 billion. The agreements span cooperation in railways, economic zones, and infrastructure.
Pakistan Railways (PR) Federal Secretary (FS) Syed Mazhar Ali Shah outlined PR’s initiatives to enhance freight services in five key areas: infrastructure and rolling stock investment, tracking and scheduling systems implementation, route optimisation for efficiency, fostering public-private partnerships, and regular staff training for service quality enhancement.
Read: Pakistan Railways mobilises against illegal land occupation across Pak
Furthermore, Shah articulated PR’s mission to revolutionize services and infrastructure by involving private participation and investments across several key domains: enhancing passenger services, solarizing railway systems, commercializing land, outsourcing production facilities, and maintenance services. This strategic endeavour aims at enhancing efficiency and sustainability. |
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