Pakistan Railways to be financed by IDB for fleet expansion

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Pakistan Railways to be financed by IDB for fleet expansion

ISLAMABAD - The Islamic Development Bank has agreed to finance fleet expansion plans of Ministry of Railways.

Three hundred locomotives will be inducted via this financing in seven years.

These locomotives will be purchased and later on assembled in Pakistan Locomotive Factory Risalpur.

Pakistan Railways has been struggling to enhance the revenues and the infrastructure of the Railways through the CPEC project.