Islamabad—Ministry of Railways signed a Memorandum of Understanding (MoU) with Chinese company, China Gezhouba Group Corporation (CGGC). The agreement is signed between RAILCOP, a subsidiary company of Pakistan Railways and the CGGC, which is a subsidiary company of China Energy Engineering Corporation. The MoU dema
Islamabad—Ministry of Railways signed a Memorandum of Understanding (MoU) with Chinese company, China Gezhouba Group Corporation (CGGC). The agreement is signed between RAILCOP, a subsidiary company of Pakistan Railways and the CGGC, which is a subsidiary company of China Energy Engineering Corporation.
The MoU demanded RAILCOP to work as local partner of Chinese company in Pakistan to identify potential construction projects and relevant information. As per agreement RAILCOP would also ensure complete cooperation in provision of engineers and supporting staff under the clause of human resource cooperation. It is pertinent to mention that the CGGC Company is working on US$1.5 billion dollars Neelum - Jhelum Hydro Project.
On the occasion of signing of MoU, Federal Minister for Railways Khawaja Saad Rafique ensured complete support and facilitation for the Chinese company. The minister highlighted the importance of Pak - China friendship, saying “the relations between Pakistan and China are not only important to both the countries but it is very important for the peace and stability of the entire region”.
He appreciated the business interest of Chinese companies in various sectors in Pakistan. Saad Rafique directed Managing Director RAILCOP to extend every possible support to the Chinese company.