PM directs acceleration of ML-1 upgrade, use of railway land for financing
At a glance
- PM Shehbaz Sharif has directed authorities to accelerate the ML-1 railway project upgrade.
- The Prime Minister proposed financing the project partly through the commercialisation of Pakistan Railways' land.
- A comprehensive plan on the commercial use of railway land is to be presented within two weeks.
Story so far
The Main Line-1 (ML-1) project is a crucial component of the China-Pakistan Economic Corridor (CPEC), aimed at upgrading the primary railway line stretching from Karachi to Peshawar. The project is intended to enhance freight and passenger services across the country. The government is exploring various financing models, including international and domestic resources, to complete the large-scale infrastructure upgrade.
Latest development
Prime Minister Shehbaz Sharif on Wednesday directed that the Main Line-1 (ML-1) railway upgrade be accelerated and partly financed through the commercialisation of Pakistan Railways' land. He also called for corporate-style reforms to make the entity self-sufficient.
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PM Shehbaz directs acceleration of ML-1 project upgrade, corporate-style reforms in railways
ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed authorities to accelerate work on the Main Line-1 (ML-1) railway upgrade and introduce corporate-style reforms in Pakistan Railways. The ML-1 project aims to upgrade and modernise key inf
ML-1 should be financed partly through commercialisation of railway land, says PM
Prime Minister Muhammad Shehbaz construction of Main Line-1 (ML-1) should be undertaken on a commercial basis by utilising the identified lands worth billions of rupees of Pakistan Railways. The development came during a review meeting on reforms in
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