In a positive development, $8 billion CPEC money injected into Pakistani infrastructure

In a positive development, $8 billion CPEC money injected into Pakistani infrastructure
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ISLAMABAD - Minister for Railways Sheikh Rashid Ahmed Wednesday said Pakistan had finalized with China Main Line (ML-I) project – a dual railway track that would significantly reduce travel time from Peshawar to Karachi.

During meeting with Chinese Minister for Transport Li Xiaopeng, he said the project would prove to be a great milestone and open up new vistas of opportunities and progress for Pakistan, a press release received here from Beijing said. The minister said China’s investment of billions of dollars in Pakistan was a great example of trust between the two countries.

In the meeting matters of mutual interest came under discussion and ways to improve the system of Pakistan Railways were also discussed at length.

Paying tribute to Prime Minister Imran Khan on taking keen interest in the ML-I project, Sheikh Rashid said Chinese government and companies were playing vital role to put Pakistan Railways on the path of progress and prosperity.

The railway line would be completed under the China Pakistan Economic Corridor (CPEC) project.

He said 1,872 kilometer dual track would be laid between Peshawar to Karachi under ML-I project and the speed of the train would be enhanced to 160 km per hour.

Economy