Pakistan Government Seeks New Financing for Delayed ML-1 Railway Project

Govt seeks fresh financing plan for ML-1 section

ISLAMABAD: The proposed construction of the 460km Rohri-Multan section of the long-delayed Karachi-Peshawar Main Line-1 railway project, estimated to cost more than Rs450 billion, came under review on Friday as the government explored financing options other than the long-awaited Chinese funding. A high-level committee led by Planning and Development Minister Ahsan Iqbal did not clear the proposal prepared by the Frontier Works Organisation (FWO) after noting that the cost of locomotives, coa...

By none@none.com (The Newspaper's Staff Reporter)