ISLAMABAD: The National Economic Council approved the Mainline-1 (ML-1) project which is considered to be the future of PR at an estimated cost of $6.806bn.
“Update ML-1:Alhamdolillah, ECNEC has approved the revolutionary railway project at a cost of$ 6.806 Bn from Peshawar to Kci(1872 KMs) including Havelian Dry Port and upgradation of Walton Academy,” tweeted Gen (retd) Asim Bajwa.
In this project, after upgrading the railway lines, the train speed will increase from 65/110 km per hour to 165 km and the line capacity will increase from 34 to 137/171 trains per day. The Ministry of Railways will set up a Project Steering Committee for effective monitoring and implementation of the project.
The project will be implemented in three packages to avoid commitment charges and the loan amount will be reduced separately for each package. Under this project, the existing 1655 km track will be upgraded.
ML-1 provides an automated single-entry centralized hub for the submission and processing of 90% of licenses, permits, certificates and other documents (LPCOs) for external trade.