INP-WealthPk
IDB to finance purchase of 300 locomotives for PR
October 03, 2017
ISLAMABAD, Oct 3 (INP) The Islamic Development Bank (IDB) is to finance fleet expansion plans of Ministry of Railways. Three hundred locomotives will be inducted via this financing in span of 7 years. These locomotives will be purchased in Complete Knockdown (CKD) units and later on will be assembled in Pakistan Locomotive Factory, Risalpur. Turkey can also be taken as an example that got IDB loan and increased its railway locomotives. INP/AH
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