KARACHI: Japan to lend $872m for KCR

Published December 5, 2006

KARACHI, Dec 4: Sindh Chief Minister Dr Arbab Ghulam Rahim has said Japan has agreed to provide 872 million dollars loan on a very low mark-up for the revival of Karachi Circular Railway. He stated this while talking to newsmen after a meeting on KCR project, which was attended among others by Federal Railway Minister Shaikh Rasheed Ahmed, at the Chief Minister’s House on Monday. He said the loan would be paid back in 40 years.—APP

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