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PM briefed on ML-1 project's timeline implementation

PM briefed on ML-1 project's timeline implementation
August 17, 2020
ISLAMABAD (92 News) - A meeting chaired by Prime Minister (PM) Imran Khan in Islamabad on Monday deliberated upon Pakistan Railways ML-1 project. The prime minister was briefed about the progress made so far on the ML-1, the timelines set for its implementation and the benefits the project will accrue. The meeting was attended amongst others by Minister for Railways Sheikh Rasheed Ahmad, Minister for Planning Asad Umer, Adviser on Finance Abdul Hafeez Shaikh and Chairman CPEC Authority Asim Saleem Bajwa. Earlier, Adviser on Finance and Revenue Dr Abdul Hafeez Shaikh chaired a meeting of the Executive Committee of the National Economic Council (ECNEC) at the Cabinet Division on Wednesday. The project of Pakistan Railways for upgradation of Pakistan Railways existing Mainline-1 (ML-1) and establishment of dry port near Havelian was also approved by ECNEC at the rationalized cost of US$ 6,806.783 million on cost sharing basis between the governments of China and Pakistan. The execution of the project shall be in three packages and in order to avoid commitment charges, the loan amount for each package will be separately contracted. Under this project, 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. The Ministry of Railways would constitute a project steering committee for effective supervision and implementation of the project. ECNEC approved the Pakistan Single Window (PSW) project, FBR shall be the sponsoring agency for this project. The total cost of the project shall be Rs 11,074.16 million including Rs 9,020 million as FEC.
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