Active negotiations for early start of ML-1 Project, Senate told

Senate of PakistanActive negotiations for early start of ML-1 Project, Senate told

ISLAMABAD, Pakistan: The Minister for Railways Shahid Ashraf Tarar told the Senate that active negotiations are underway between two sides for an early start of the Main Line-1 (ML-1) Project.

To a question in the Upper House, the minister told that the modified PC-1 of ML-1 Project was approved by the Executive Committee of the National Economic Council (ECNEC) on October 31, 2022 with the plan to execute in three Packages at a cost of US$ 9.851 billion.

The total completion time as per approved PC-1 for the Project is nine years.

Pakistan Railways is of the view that reducing the cost of the project by optimizing the scope and the standards, without compromising the underlying objective of safety and efficiency is the need of the time.

The Federal Minister for Railways and Pakistan Railway officers at all levels participated in detailed deliberations for cost cutting of ML-1 and prepared few options.

The option of Upgradation of ML-1 with rationalized scope & cost was principally agreed by the Prime Minister on June 13, 2023 and was also agreed by the National Railways Administration (NRA) of China during the 21st Technical Experts Conference meeting wherein it was agreed to readjust the Design in line with the agreed changes.

On October 31, 2023 the Adjustment of Design as per rationalized criteria has been submitted by M/s. CREEC to Pakistan Railways, which is under review. Ministry of Railways has already requested National Railway Administration, China to give its consent for the bidding process of Phase-I and Chinese Side response is awaited.

Rs 390 million has been incurred on Feasibility Study, and Rs 10,641.634 million on Preliminary Design of the project.

The House was told that the ML-1 Project has not yet been started; however, active negotiations are underway between two sides for an early start of the project.

Mati
Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

Must read

Recent News

PM Shahbaz Sharif attends a reception hosted by US President Joe Biden

0
NEW YORK: Prime Minister Shahbaz Sharif attended a reception hosted by the US President Joe Biden in honor of the heads of government participating...
COP29: G-7 must understand their responsibility while making relevant decisions, says Parvana Valiyeva

COP29: G-7 must understand their responsibility while making relevant decisions, says Parvana Valiyeva

0
Monitoring Desk: “G7 and to a certain extent G20 countries must understand their responsibility (a reference to COP29), make relevant decisions, and reach a...
COP29: G-7 must understand their responsibility while making relevant decisions, says Parvana Valiyeva

Korea keenly interested in fostering greater cooperation with Pakistan: Envoy

0
ISLAMABAD, Pakistan: The Ambassador of the Republic of Korea Park ki Jun has expressed his Country’s keen interest in fostering greater cooperation with Pakistan...

Mari Petroleum’s Chartered MI-8 Helicopter crashes in North Waziristan; 6 killed & 8 injured

0
PESHAWAR, Pakistan: A Chartered MI-8 Helicopter of Mari Petroleum Company crashed in Khyber Pakhtunkhwa’s North Waziristan district on Saturday after taking off near the...

Pakistan Embassy in Beijing Hosts Business and Investment Roundtable

0
BEIJING, China: As part of ongoing efforts to promote investment cooperation between Pakistan and China, the Embassy of Pakistan in Beijing hosted a Business...
Advertisement