Minister for Railways Senator Azam Khan Swati has said that Main Line-1 (ML-1) project is the backbone for the country’s economy. He said this while giving a detailed briefing to the National Assembly Standing Committee on Railways.
The meeting of the Standing Committee on Railways was held today under the Chairmanship of MNA Mr. Muhammad Moeen Wattoo in Islamabad to discuss the issues of the railways ministry.
Briefing the committee, the minister informed that the PSDP for the year 2022-23 approved projects of Rs. 46.2 billion with ongoing projects of Rs. 37.750 billion and Rs. 18.450 billion for new projects. He said that currently, Rs. 10 billion have been allocated for the development of the ML-1 project under the China-Pakistan Economic Corridor (CPEC).
He said a second line would be built and constructed with a budget of $11 billion, and soon a financing agreement would be finalized with the Chinese and other multi-donor funds. He also requested the committee to utilize their role in the completion of the ML-1 project and sought the help of the committee in the execution of PSDP projects of the railways and ML-1 project.