Joint Committee Formed To Explore Financial Package For ML-1: Yao Jing
Faizan Hashmi 1 day ago Thu 16th January 2020 | 03:26 PM
Chinese ambassador to Pakistan Yao Jing has said that China and Pakistan had constituted a joint committee to explore financing modalities and find appropriate financial package for the mega Main Line (ML-1) railway project
ISLAMABAD, (UrduPoint / Pakistan Point News - 16th Jan, 2020 ) :Chinese ambassador to Pakistan Yao Jing has said that China and Pakistan had constituted a joint committee to explore financing modalities and find appropriate financial package for the mega Main Line (ML-1) railway project.
Addressing media persons here on Wednesday night, the envoy said that due to huge financial implication, the project was facing little delays however it would not further slow down as the committee would soon finalize appropriate financial package to fund the project.
The ML-1 project is part of China Pakistan Economic Corridor (CPEC) under which, the 1,872 kilometers railway track from Peshawar to Karachi would be upgraded at an estimated cost of around US $9 billion.
"In fact there is no mega project being executed presently, therefore it seems that the project has been slowed down," he said adding there are lot of small projects under implementation under CPEC across the country, which are not tangible though but are very important.
He said the Western media was up against Pak-China relations especially against the CPEC and this propaganda must be negated via disseminating the positive and true picture by media of both China and Pakistan.
The Chinese ambassador said that last year China had completed 70 years of its creation, during that time it witnessed many ups and downs with the world, however Pakistan remained the strongest, firmest and the best friend of China.