The Central Development Working Party has cleared Karachi Circular Railway Project worth Rs 292.389 billion.

The meeting of Central Development Working Party was held under the chairmanship of Planning Minister Ahsan Iqbal in Islamabad on Tuesday.

The project entails construction of a 43-kilometer Dual Track Urban Rail Mass Transit System expected to be constructed in a period of four years.

The project is expected to serve a daily ridership of 457,000 passengers per day which is expected to soar to 1 million per day in future.

The project will deploy the use of electric trains and will be operational for 7 days a week and 17 hours a day.

The minister directed the concerned officials to immediately settle the issues in PC-1 and submit the report in two days.