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LAHORE, Jan 27 (APP):Railway Estate Development and Marketing Company (Pvt.) Limited (REDAMCO-Ministry of Railways) Chief Executive Officer (CEO) Brig. (Retd) Shoeb Anwar Kayani and Lahore Chamber of Commerce and Industry (LCCI) office-bearers Tuesday discussed in details the investment opportunities on Pakistan Railways’ land.
During his visit to LCCI here, the REDAMCO chief said that the company aims at transparent and efficient utilization of country’s valuable assets. In just two years, the company has generated multiple revenue streams, and railway lands are being used commercially through long, medium and short term leases, he added.
LCCI President Faheemur Rehman Saigol, Senior Vice President Tanveer Ahmad Sheikh, Vice President Khurram Lodhi, Executive Committee and members of real estate community attended the meeting to learn directly about REDAMCO projects and investment opportunities.
In his welcome address, Saigol said, Pakistan Railways is a major national institution with valuable and strategic land across the country. He said REDAMCO aims to use railway lands in a modern, transparent, and profitable way, creating new investment opportunities, while contributing to national economy, urban development, employment and community welfare.
He appreciated REDAMCO’s transparent and flexible models, such as public-private partnerships, revenue sharing, joint ventures, and real estate investment trusts, which increase investor confidence and speed up project completion. He added that LCCI always supports public-private cooperation to promote national development, and REDAMCO’s presence is a positive step towards this goal.
Brig.(Retd) Shoeb Anwar Kayani explained that development projects on Pakistan Railways’ lands will include shopping malls, hotels, high-rise buildings, IT parks, hospitals, and educational institutions. All information regarding these projects is available on the company’s website for public transparency.
He stated that Pakistan Railways owns approximately 168,000 acres of land including around 500 acres of high-value commercial land, of which 74 acres have already been used commercially. Long-term leases will involve large high-rise complexes, hotels, and commercial centers; medium-term leases will include food chains, petrol pumps, showrooms, and markets; and short-term leases will involve smaller commercial projects.
Kayani emphasized that Pakistan Railways’ valuable assets are not only important for transportation but can also play a key role in generating new economic and revenue opportunities. He noted that all REDAMCO projects are planned according to PEPRA rules, with feasibility studies, open tenders, and board approvals. He encouraged the business community to share their ideas and suggestions with REDAMCO, as public-private partnerships succeed only when everyone works together.
The LCCI President said that strong links exist between the business community and REDAMCO and that investment opportunities will increase significantly in the future. He assured full support for all initiatives which promote industrial growth, investment, and strengthen the national economy, describing REDAMCO’s projects as a positive step in this direction.