He said that the yearly expenditure was found to be Rs 9bn and he has issued instructions to the Divisional Superintendent (DS) Rawalpindi to cut expenditures.
Sheikh Rashid said that the ministry has roughly 20-25 acres of land which private companies "are welcome to invest in for 20 years and build plazas, stations and food streets".
"We do not want any delay we are willing to rent out the railway tracks even," he said, highlighting the gravity of the situation the ministry is facing.
He said that many overseas Pakistanis had asked that they be "given surety" by Imran Khan himself, to which he had responded: "Imran Khan is the one who has appointed me and given me charge of this ministry."
"Many offers have been made for bringing bullet trains to the country by people who said they will invest their own funds but I have told them this is a very expensive project. We must fix 'our trains' first," he added.
He said his first agenda would be to address the matter of the double track from Lahore to Peshawar, whereby he wants to do away with the 6 kilometre zig-zag track and also have the train pass through areas where there are no paved roads. He said he has contacted National Logistics Cell (NLC) and Frontier Works Organisation (FWO) in this regard.
According to the minister, the first train to run will have a 10 per cent discount offered to customers for a period of one month.
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