ECNEC Approves $6.806 Billion ML-1 Railway Project Under CPEC - Android

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ECNEC Approves $6.806 Billion ML-1 Railway Project Under CPEC - Android

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The executive committee of the National Economic Council (ECNEC) on Wednesday approved the up-gradation of Pakistan Railways’ existing Mainline-1 (ML-1)… Read More

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The executive committee of the National Economic Council (ECNEC) on Wednesday approved the up-gradation of Pakistan Railways’ existing Mainline-1 (ML-1) and establishment of the dry port near Havelian at a rationalized cost of $6.806 billion on a cost-sharing basis between the governments of China and Pakistan.

Adviser to Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the committee at the Cabinet Division.

The execution of the project shall be in 3 packages and in order to avoid commitment charges, the loan for each package will be separately contracted. Under this project, the existing 2,655 KM track will be upgraded. The speed of passenger trains shall increase from 65/110 KM/h to 165 KM/h and line capacity will increase from 34 to 137/171 trains each way per day. Ministry of Railways would constitute a project steering committee for effective supervision and implementation of the project.

Federal Minister for Planning, Development, and Special Initiatives Asad Umar shared his views on twitter. He said that the ECNEC approved Pakistan’s largest railway project to date, the ML 1. The project will be completed at a cost of $6.8 billion and will enable not just infrastructural but also administrative improvements in the railway sector. This project is the largest component of CPEC, he added.