IT Special Economic Zone

KPT, KCR & Islamabad IT SEZ projects: CRCC seeks government’s help to finalize $11.2 billion pacts

China Railway Construction Corporation (International) Limited (CRCC) has reportedly sought government's cooperation in finalization of pacts for $ 11.2 billion investment in KPT projects, Karachi Circular Railway (KCR) and Islamabad IT Special Economic Zone, well-informed sources told Business Recorder.

This was stated by Wang Lei, Executive Managing Director CRCCI Pakistanin a letter to Prime Minister Imran Khan, copies of which have also been sent to other ministers and secretaries concerned.

...The Executive Managing Director further stated that as per the guidelines provided by the Prime Minister, the company's management has prioritised Karachi Circular Railway (KCR) project with an investment of $ 2 billion. The CRCC has contributed significant resources and manpower for the KCR revival project and the company's management has now placed this on the top most priority. Currently all the technical requirements have been fulfilled and the project is mature for implementation.