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Thursday September 29, 2022

ML-1 to turn Pakistan into a global business hub

By INP
December 04, 2020

aISLAMABAD: ML-1 Railway-line project will turn Pakistan, particularly Peshawar into a global business hub & help open up Central Asia, says a report published by China Economic Net (CEN) on Thursday.

According to the report, experts call ML-1 project a “game changer of CPEC” and predict that in future Peshawar city will the center of business activities. Not only Pakistan, but the countries of Central Asia, wherein many are land-locked, will also benefit from it.

For the rehabilitation and upgradation of the 1,872-kilometer railway line, the Government of Pakistan’s Executive Committee of the National Economic Council (ECNEC) approved ML-1 project worth $ 6.8 billion on August 5, 2020.

As per the plan, the Chinese Government under CPEC would provide 90% of the financing of the project.

The project is also expected to generate 150,000 jobs in the country. Basharat Waheed, the CPEC project head in Ministry of Railways told CEN, “The entire track from Karachi to Peshawar would be upgraded.

The worn-out earthworks under the existing 150-year-old railway line will be completely uprooted and fresh sleepers and rails would be installed with new earthworks with an estimated lifespan of at least 50 years”.

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