Rapid Mass Transit System?

magnetic_train.jpgCDA is currently seeking invitation to bid (ITB) to carry out a feasibility and reference design for Rapid Mass Transit System for the twin cities of Islamabad and Rawalpindi. At least they are thinking about it, credit goes to them all.

However for the record a similar study was carried out in Karachi for construction of a magno-metro for 26 KMs, and guess why it was finally decided to be dumped. Well the project was estimated to cost at US dollars 289 million. But a delay of 1 year would have costed additional US 20 million. As this is not Finland, where public sector projects are completed before time, and under budget so much so that it has become a joke, therefore, as per last reports, it was decided to call the project off.

I am not sure on the latest developments on that front though. Some one can enlighten me. I think Sheikh Sahab will fund the project from the fiber optic cable rent that he has the vision to get, when laid under the railway tracks.

3 Comments so far

  1. Hasan Mubarak (unregistered) on January 25th, 2007 @ 4:04 pm

    A similar Mass Transit plan was proposed for Lahore in the 80s. The project was to be funded by the Japanese Govt. but got dumped due to delays causing exponential cost rise…

  2. Imran (unregistered) on January 28th, 2007 @ 11:36 am

    Cost wil never remain the same for any project. they should go further if they have thinked of it. we are always dependant on external funds. why dont we make a system through which we can utilize our tax. why dont we raise our voices. when this unjustice is going to finish?

  3. 1967 (unregistered) on January 28th, 2007 @ 5:12 pm

    Funding a project is a very complex process and invloves a profound financial analysis. It involves assessing all availble funding options which include borrowed and internally generated capital through the public, private and foreign investments.

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