Pakistan railways revise ML-I project cost downwards

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LAHORE: Pakistan Railways has submitted an updated PC-1 of Mainline-I (ML-1) project to the Ministry of Planning, Development and Special Initiatives.

The revised PC-1 features a downward revision in the overall cost from $9.248 billion to $9.172 billion.

This paves the way for formal initiation of work on the project after its approval by the Executive Committee of National Economic Council (Ecnec) by April this year.

According to details, Pakistan Railways will take charge of managing the project with a new administrative structure and more efficient human resources. The project will create 100,000 jobs. ML-1 will be completed in three phases.

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