PR, ECO and IDB discuss possibility of financing infrastructure projects
Initiative can open a new era for Pakistan Railways: Saad
Pakistan Railways, Economic Cooperation Organisation and Islamic Development Bank, at a meeting in Islamabad today, discussed possibility of financing infrastructure projects along the Pakistani section of Islamabad-Tehran-Istanbul railway route.
One of the proposed projects is the restoration and upgradation of 612 kilometer Quetta-Taftan Railway Track.
Railways Minister Khawaja Saad Rafiq said the initiative can open a new era for Pakistan Railways as Quetta Taftan is an important section.
Meanwhile, a meeting between officials of Ministries of Railways of Pakistan and China was held in Islamabad today to review the plan for upgradation of ML-I.
Railways Minister Khwaja Saad Rafique and Railways Minister of China Li Xuedoung led their sides in the discussions.
On the occasion Saad Rafique said ML-I project will generate employment and speed up development in the Country.
Li Xuedoung said ML-I up-gradation plan joining Peshawar to Karachi formed a significant part of CPEC's improvement .
He said it will benefit people especially along the route and contribute to economic and social development of Pakistan.