The Ministry of Railways has sent a summary of $9.249 billion to the Planning Commission for PC-1 of expansion and reconstruction of existing line (ML-1) project related to the #China-#Pakistan Economic Corridor (#CPEC).
After the approval of PC-1, phase 1 is expected to be completed in four years, phase 2 in five years and phase 3 will be completed in seven years. China will be providing the loan for the project for 30 years.
After #CPEC, the speed of trains will be 160 kilometres per hour and the number of passenger trains will also be increased to 30 by 2024, and 40 by 2030.
Similarly, the number of cargo trains will be 18 by 2024 and 30 by 2030. The first PC-1 was sent to the Planning Commission in 2016 and three years were wasted waiting for approval due to some objections.
The #CPEC ML-1 will pave the way for a #Karachi–#Peshawar track stretching 1,872 kilometres while the speed of the train would be 160 kilometres per hour. A summary for speed up-gradation of trains will also be sent to the Planning Commission.
Around $2.368 billion will be spent on CPEC project phase-1, while phase 2 will cost $3.267 billion and phase 3 will cost around $3.676 billion.
The CPEC project head in the ministry of railways, Basharat Waheed, has prepared the feasibility report and has sent it to Planning commission and the government of China.
In phase 1, the #Kaluwal track will be upgraded to 52 kilometres along with the construction of a dual track. The track between #LalaMusa to #Rawalpindi will be upgraded while the track from #Peshawar to #Naushehra and the railway #Walton academy will be upgraded.
In phase 3, a new track will be constructed besides upgrading the 174 kilometre track between #Rawalpindi and #Peshawar. The upgrading of 749 kilometre double track between #Multan and #Hyderabad, the purchase of locomotives and cargo carriages is included in this phase.
Tenders will be called upon after the approval of the PC-1, whose timeframe will be set for three months and afterwards the project will be implemented fully