Islamabad: China-Pakistan Economic Corridor (CPEC) Authority Chairman Lieutenant General (retired) Asim Saleem Bajwa on Sunday shunned rumours with regard to the shelving of the Main Line (ML-1) mega railway project, a news source reported.
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He further stated that negotiations about the financing of ML-1 with China had almost reached completion. He said that there was no truth to the rumours and that the government was pursing the project on a fast track basis.
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The CPEC Authority chief said that all evaluations and feasibility reports of the ML-1 projects had been executed and the authorities were consulting experts and stakeholders for the purpose. He said that ML-1 was the largest CPEC infrastructure project which would generate employment opportunities on a large scale and modernise railway and logistics in the country.
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ML-1 Railway project is part of the CPEC and includes the up-gradation of a railway track as long as 1,872 kilometres between Peshawar and Karachi at the cost of USD 9 billion.