Final nail in the coffin of Railways. This is yet another fup is comming up for destroying the Railways. NLC being bankrupt organization which runs road vehicles, how the hell they run Railways when they can not even run their trucks? It looks like there is no one in Pakistan which can think rightly and stop this nonsense at once. These defective out dated Railway engines whose guarantee is only for two years will become a junk yard of engines after two years spending government’s hard earned foreign exchange. Just these military officer wanted their commission from Korea are indulging in such stupid wasteful venture. Railway Minister and Railway Officers should resign as protest on this.
For God sake buy directly new engines from GM America with at-least 5-10 years of warranty with providing spares. Or even the best ask Indian Railways to take over PR and turn over like Indian Railways.
PR losses enable NLC to be key railway operator | DAWN.COM
ISLAMABAD, July 20: The National Logistics Cell (NLC) has emerged as a key player in railways’ operations thanks to the mismanagement and huge losses by the Pakistan Railways.
After entering into a Rs500 million deal with the Pakistan Railways to refurbish its 30 locomotives early this year, the NLC on Friday reached a $11.11 million agreement with the Korean Rail (Korail) to purchase 10 refurbished (GMU-30 Model) locomotives for its freight business. The NLC is expected to purchase in two years another 36 locomotives.
NLC Director of Generation Maj-Gen Junaid Rehmat and Korail’s Vice President Paeng Jung-Goang signed the agreement here in presence of
Finance Minister Dr Abdul Hafeez Shaikh and Quarter Master General and officer in charge of NLC Lt-Gen Sajjad Ghani.
An official statement said the NLC and Korail had been negotiating for the sale-purchase deal of refurbished GMU-30 locomotives since October 2010.
Under the agreement, Korail will provide the type of locomotives already held on inventory of the Pakistan Railways, except for different gauge i.e. Standard vs Broad gauge. It will overhaul these locomotives and change their gauge to suit to PR tracks’ requirement. Spare parts for two years maintenance are also being procured, the statement said.
The locomotives will be delivered in Karachi in 10 months of opening of letter of credit. Twenty per cent of the payment would be made in advance while the remaining 80 per cent on delivery of locomotives through the L/C.
As part of the agreement, Korail will depute a maintenance and supervisory consultancy team comprising five engineers for two years at an additional cost of $1.4 million. The locomotives will have a two-year warranty for which the NLC will establish its workshop facilities in coordination with Pakistan Railways for maintenance of these locomotives.
The Korean firm will hand over the locomotives after a test run covering 1,250km between Karachi and Lahore and will provide performance warranty bond for 5 per cent of the contract price.
Korail will be phasing out 46 locomotives next year and NLC intends to acquire more locomotives from the firm. An official said the NLC was in the process of strengthening its freight operations, especially for goods in transit for Afghanistan as well as inland freight operations.
