ISLAMABAD: (HRNW) The Executive Committee of the National Economic Council (ECNEC) has approved ML-1 railway line, Karachi’s Red Line BRT, US-Pakistan Knowledge Corridor and other projects worth billions.
The mega projects worth billions have been approved by the Executive Committee of the National Economic Council (ECNEC) during a session chaired by the Adviser to Prime Minister on Finance Abdul Hafeez Shaikh today.
A declaration stated that $6.806 billion worth ML-1 project has been approved by the national economic council in order to upgrade 2,655 kilometres long railway track in three packages. The project will increase the speed limit of the passenger and freight trains up to 160 km and 120 km respectively besides hiking the number of passenger trains from 34 to 137 and 171 in the last phase.
It is decided to constitute a project steering committee to review the executive of ML-1 mega project.
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