PESHAWAR: A Dubai-based global port management company has formally partnered with Pakistan’s National Logistics Corporation (NLC) and Pakistan Railways to build the first phase of a $400 million freight corridor linking Karachi Port with the Pipri marshalling yard, a major rail hub on the city’s outskirts, said an official statement on Wednesday.
The freight corridor is aimed at improving the movement of goods from the country’s commercial hub to other regions.
Karachi Port currently handles 54 percent of Pakistan’s trade with an annual capacity of 125 million tons, and the government wants to streamline its operations as part of export-led growth plans.
The corridor project is funded by DP World and involves the construction of a dedicated double-track railway system along with supporting facilities, stretching about 50 kilometers from the port to the Pipri yard.
“The NLC, DP World signed commercial agreement with Pakistan Railways for construction of Phase-1 of the Dedicated Freight Corridor Pipri,” the NLC said in a statement on Wednesday.
