The approval of $9.2 billion worth CPEC project for up gradation of Mainline-1 (ML-1) of Pakistan Railways and establishment of dry port near Havelian has been differed by Central Development Working Party (CDWP). CDWP meeting chaired over by Planning Commission Deputy Chairman Mohammad Jehanzeb Khan has underlined the space for improvement in the proposal and fluctuated the project till next summit. The forum has requested the Ministry of Railways to upgrade the PC-I and present it again to the CDWP. Planning Secretary Zafar Hasan, senior officials from federal governments joined the meeting while representatives from provincial governments participated through video link. The focal agenda was the CDWP accorded conditional approval of PC-I for only Phase-I .As the total estimated cost of the ML-I project is $9.25 billion, which is jointly funded by the government of Pakistan and China with the share of 10 percent and 90 percent respectively. The project has been divided in three packages. It is subjected to be initiated by next year and will be completed by 2029. It is worth to mention here that ML-I is under the China Pakistan Economic Corridor (CPEC) portfolio projects. Pakistan and China had signed a Framework Agreement on the project in May 2017.
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