Saudi Bank will Fund to Pakistan Rail Upgrade

The Saudi Arabia Islamic Development Bank has agreed to finance the modernization of railway signaling systems in Pakistan, including upgrades for two rail sections.

October 15, 2009 8:52 pm | Last Update: August 7, 2015 8:54 pm

Saudi Arabia’s Islamic Development Bank has agreed to finance the replacement of the old signalling system on a section of Pakistan’s railway.
The project initially involves installing modern and electronic interlocking system on 23 stations from Bin Qasim to Mirpur Mathelo.

Work will be carried out by a consortium of Bombardier, Sweden and China Railways Signal and Communications Corporation.

The project’s second phase, which is under planning, involves upgrading signalling systems on the Lodharan to Khanewal and Khanewal to Shahdara Bagh rail sections.

TAGS: pakistan railway modernisation project, pakistan railway upgrade project, railway fund, saudi bank railway fund

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