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Chinese bank to review USD 6 bn loan for Pakistan s ML-1 railway project ANI | Updated: Apr 24, 2021 07:31 IST The latest on the USD 6.8 billion ML-1 project is that a finance committee comprising Chinese officials has sent the case related to USD 6 billion loan approval of the project to Exim Bank, Dawn quoted Pakistan Railways Federal Secretary/Railway Board Chairman Dr Habibur Rehman Gillani, as saying. It further stated that the construction of the ML-1 project in three phases had been approved by Pakistan s Executive Committee of National Economic Council (ECNEC) in its meeting held in August last year. The actual cost of the project was initially USD 9 billion, including the equity amount of the government of Pakistan. But later, it was reduced gradually to USD 6.8 billion.

Pakistan railwaysMuhammad azam khan swatiHabibur rehman gillaniAzam swatiExim bankRailway boardPakistan executive committee of national economic councilWalton training academy lahorePakistan railways federalExecutive committeeNational economic councilWalton training academyPakistan federal ministerRailways muhammad azam khan swatiExim bank of chinaMain line 1