Ministry of Railways will get finance from IDB for fleet expansion

ISLAMABAD: The Islamic Development Bank (IDB) expressed its readiness to finance Pakistan railways for fleet expansion, Ministry of Railways said in a statement on Tuesday.

According to the statement, at least 300 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.