The Finance Ministry will provide Rs 250 million to the Railways Ministry for repair of locomotives that will enable the latter to repair 50 locomotives.
It was decided during a meeting of Railways Minister Khawaja Saad Rafique and Finance Minister Ishaq Dar. They discussed issues related to railways. The issue of availability of locomotives and their present condition was also discussed.
The finance minister also approved the release of another Rs 250 million for repair of fraction motors of locomotive engines. It was decided that the locomotives would be utilised to start new freight trains so that the economic health of the railways can be improved.
They reviewed the overall financial solution of the railways and the operational difficulties being faced by it in overcoming the challenges.
Dar said that turning around railways and make it passenger friendly was one of the commitments of the PML-N. The Finance Ministry, he said, would do all that it takes to achieve this objective.
