Chinese firm to invest $2 billion in Pakistan for optical fiber deployment along the Main Line 1 from Karachi to Peshawar.
A Chinese firm plans to invest $2 billion in Pakistan to deploy an optical fiber network spanning 100,000 kilometers over the next 8 to 10 years. The fiber optic cable will be installed along the Main Line-1 (ML-1) from Karachi to Peshawar. Pakistan Railways has signed an agreement with the company, Sunwalk Ltd., to facilitate the project.
Pakistan Railways confirmed that the Chinese firm has already paid an advance of Rs205.60 million. A local Pakistani company has been granted the same opportunity, depositing Rs130 million in advance. The agreements are initially for three years, with the possibility of extension.
CEO of Pakistan Railways, Amir Ali Baloch, signed the agreements. The Ministry of Information and Technology previously stated that Sunwalk aims to invest up to $2 billion for the fiber network. Sunwalk has already secured a Telecommunication Infrastructure Provider (TIP) license in Pakistan and invested $5 million in the project so far.
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