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ML-1 project a glaring example of Pak-China cooperation under CPEC

ML-1 project a glaring example of Pak-China cooperation under CPEC May 20, 2021 Under CPEC already several projects of power generation and road up gradation have been completed but ML-I is one of the main components of CPEC, an official said. According to details, the Chinese government is also investing US$ 6.8billion ML-1 project which features up-gradation and dualization of railway track under China Pakistan Economic Corridor (CPEC). This 1872-kilometer long track from Peshawar to Karachi is expected to create 24,000 jobs and would jump up train speed to 160 kilometers per hour. Railway line would be upgraded from Karachi to Peshawar and Taxila to Havelian while new track would be laid with improved sub grade for 160km per hour. Bridges would also be rehabilitated and constructed. This mega project is a glaring example of Pak-China friendship.

North west frontierPakistan railwaysIndus riverPakistan generalDera ghazi khanAndhra pradeshWalton training academy lahoreCommittee of the national economic councilChina pakistan economic corridorWalton training academyExecutive committeeNational economic councilWest asiaEast asianPakistani railwaysNorthern punjab

Chinese bank to review USD 6 bn loan for Pakistan s ML-1 railway project

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

China bank to review USD 6 bn loan for Pak railway project

China bank to review USD 6 bn loan for Pak railway project
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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 swatiபாக்கிஸ்தான் ரயில்வேமுஹம்மது அஸாம் காந் சுவாதி

China bank to review USD 6 bn loan for Pak railway project

China bank to review USD 6 bn loan for Pak railway project
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Railway project sent to Chinese bank for approval of $6bn loan - Newspaper

The construction of ML-1 project in three phases had been approved by the Executive Committee of National Economic Council (Ecnec) in its meeting held in August last year. AFP/File LAHORE: The Chinese government has sent Pakistan’s first modern railways’ infrastructure project Main Line-1 (ML-1) to the Exim Bank of China for approval of a $6 billion loan after all technical, administrative and other issues have finally been resolved, paving the way for launching civil work on this scheme within this year. “The latest on the $6.8 billion ML-1 project is that a finance committee comprising Chinese officials has sent the case related to $6 billion loan approval of the project to Exim Bank. Since the remaining $800 million will be provided by the government of Pakistan as equity, the total $6.8 billion will be spent on completion of the entire rail-related infrastructure, mainly the line, fencing, civil works etc,” Pakistan Railways Federal Secretary / Railway Board Chai

Pakistan railwaysHabibur rehman gillaniExim bankRailway boardWalton training academy lahoreCommittee of national economic council ecnecRailways federal secretaryChina pakistan economic corridorExecutive committeeNational economic councilWalton training academyPak china tiesபாக்கிஸ்தான் ரயில்வேஎக்ஷீம் வங்கிரயில்வே பலகைவால்டன் பயிற்சி கலைக்கழகம் லாகூர்