ECNEC approved mega projects worth $10 billions
The Executive Committee of the National Economic Council (ECNEC) on Monday approved the up-gradation of Pakistan Railways’ existing ML-1 project at a cost of $9.85 billion.
Federal Finance Minister Ishaq Dar chaired the meeting of the ECNEC that considered and approved in principle the modified PC-I presented by the Ministry of Railways for the up-gradation. The ML-1 starts from Karachi, passes through Kotri/Hyderabad, Rohri, Multan, Lahore, Gujrat, and Rawalpindi, and terminates at Peshawar.
ECNEC also considered and approved in principle the Karachi Circular Railway (KCR) Project at a total cost of Rs. 292,388 million with a foreign share of Rs. 263,149 million.
The committee also discussed and approved in principle the establishment of the 48 MW Shounter Hydropower Project in district Neelum, AJK.