ECNEC approved $7.2 billion ML-1 project

[Morpheus]

ECNEC approved $7.2 billion ML-1 project

Web Desk On Jul 20, 2020
ISLAMABAD: Chairman China Pakistan Economic Corridor Authority (CPEC), Asim Saleem Bajwa, has informed the Senate committee that the Executive Committee of National Economic Council (ECNEC) has approved Main Line-1 (ML-1) project worth Rs$7.2 billion, ARY News reported on Monday.

The Senate Special Committee meeting on China-Pakistan Economic Corridor (CPEC) was presided over by PPP Senator Sherry Rehman.

Chairman CPEC Authority Asim Saleem Bajwa said that the ML-1 project will change the railway transmission system and the transport share of railways will increase from 4per cent to 20 percent.

“Railways engineers will get training from Moscow, Germany and UK to run the new railway system,” he told Senate panel.

He informed the meeting that work on CPEC western route is underway while Dry Port is being constructed at Havelian. “The goods from China will be kept at Havelian Dry Port,” he told Senate committee.

Asim Bajwa said that work on Mansehra-Thakot Motorway is underway and was not stopped during the Covid-19 pandemic. He said the motorway section will be inaugurated soon.

Speaking about Orange Line Metro Train project, Asim Saleem Bajwa said that there was no political reason for not operating the Lahore metro train. He said that the civil work of project was not completed which caused a delay in the launch of the project.

CPEC chairman informed the committee that Metro Train will be opened for public soon.

https://arynews.tv/en/ecnec-approved-7-2-billion-ml-1-project/
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[Sulman Badshah]

Great news .. Abandoned or delayed projects are getting approved one by one Like Bhasha , ML-1 , Karachi circular railway etc

 

[YeBeWarned]

Great news, Dams , industrial zones , dry ports , railway lines etc .. I hope the future is bright for Pakistan, and hopefully the leadership will pass the torch to young and talented generation unlike the old dead horses like PPPP and PMLN .

 

[Cornered Tiger]

Great news .. Abandoned or delayed projects are getting approved one by one Like Bhasha , ML-1 , Karachi circular railway etc

Indeed. 9 Km track already cleared for commercial operations where as work is being carried out on 3 Km track of Karachi Circular Railway.

Source: https://nation.com.pk/13-Jul-2020/k...0r9A05ItQzKa5FaYo9C0_XDVPcUA2uhL151Cyvefgr0MA

Read out point 47

 

[waqasmwi]

ECNEC approved $7.2 billion ML-1 project

Web Desk On Jul 20, 2020
ISLAMABAD: Chairman China Pakistan Economic Corridor Authority (CPEC), Asim Saleem Bajwa, has informed the Senate committee that the Executive Committee of National Economic Council (ECNEC) has approved Main Line-1 (ML-1) project worth Rs$7.2 billion, ARY News reported on Monday.

The Senate Special Committee meeting on China-Pakistan Economic Corridor (CPEC) was presided over by PPP Senator Sherry Rehman.

Chairman CPEC Authority Asim Saleem Bajwa said that the ML-1 project will change the railway transmission system and the transport share of railways will increase from 4per cent to 20 percent.

“Railways engineers will get training from Moscow, Germany and UK to run the new railway system,” he told Senate panel.

He informed the meeting that work on CPEC western route is underway while Dry Port is being constructed at Havelian. “The goods from China will be kept at Havelian Dry Port,” he told Senate committee.

Asim Bajwa said that work on Mansehra-Thakot Motorway is underway and was not stopped during the Covid-19 pandemic. He said the motorway section will be inaugurated soon.

Speaking about Orange Line Metro Train project, Asim Saleem Bajwa said that there was no political reason for not operating the Lahore metro train. He said that the civil work of project was not completed which caused a delay in the launch of the project.

CPEC chairman informed the committee that Metro Train will be opened for public soon.

https://arynews.tv/en/ecnec-approved-7-2-billion-ml-1-project/
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BC 10veen martoba approve ho raha hai. 10 saal baad bhi koi or idara isy approve hi kar raha ho ga

 

[Patriot forever]

BC 10veen martoba approve ho raha hai. 10 saal baad bhi koi or idara isy approve hi kar raha ho ga

The difference is financing has been arranged and finalized
for a total of 7.2 billion and deal signed under CPEC, work will start in March next year. This has never been done before. Previously the project was just on paper and financing was estimated at 8 billion something and was never arranged for the past 10 years.
Total project cost was brought down from around 8 billion to 7.2 billion by substituting and decreasing imported material with local.

 

[waqasmwi]

The difference is financing has been arranged and finalized
for a total of 7.2 billion and deal signed under CPEC, work will start in March next year. This has never been done before. Previously the project was just on paper and financing was estimated at 8 billion something and was never arranged for the past 10 years.
Total project cost was brought down from around 8 billion to 7.2 billion by substituting and decreasing imported material with local.

Ab ye kya hai? 1 martoba phr approve ho gya? Ye 10 saal baad bhi approve hi ho raha ho ga. Likh len.

 

[Patriot forever]

Ab ye kya hai? 1 martoba phr approve ho gya? Ye 10 saal baad bhi approve hi ho raha ho ga. Likh len.
View attachment 659280

Bro just read the 2nd para of the article from June this year and see the article you posted, this will clear alot of your confusion you are having. You will see the ground breaking and start of physical work in 2021 IA.