HomeInfrastructureGovernment of abandoning the $9 billion Mainline-I (ML-I) project

Government of abandoning the $9 billion Mainline-I (ML-I) project

The railways minister on Monday accused the government of abandoning the $9 billion Mainline-I (ML-I) project under pressure of the International Monetary Fund (IMF) after the Planning Commission proposed to get yet another cost validation.

The ML-I is the only project of the #China#Pakistan Economic Corridor (#CPEC) that has been declared strategically important under its May 2017 Framework-Agreement, signed between China and Pakistan.

Sheikh Rashid – a key ally of Prime Minister Imran Khan’s Pakistan Tehreek-e-Insaf (PTI) – leveled the allegations during the Cabinet Committee on CPEC meeting, said sources who attended the meeting.

They said Sheikh Rashid appeared disturbed after the Planning Commission suggested to get the third party cost verification of $2.4 billion worth phase-I of the $9 billion project.

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