Tag: Public Sector Development Programme

Rs.7.5 billion allocated for Pakistan Railways ‘ML-1’ under CPEC
17Jun By Joe RodriguezNo Comments
Asia

Rs.7.5 billion allocated for Pakistan Railways ‘ML-1’ under CPEC

The Federal Government of Pakistan has allocated Rs.6 billion for the up-gradation of Pakistan Railways existing Main Line-1 (ML-I) and establishment of Dry Port near Havelian Phase-1 under CPEC including Rs.500m as foreign component.Meanwhile, Rs 1.5 billion was also included in Public Sector Development Programme (PSDP) 2020-21 for Preliminary design/drawings for up gradation and rehabilitation of main line (ML- 1) and establishment of Dry Port near Havelian under the China Pakistan Economic Corridor (CPEC).Rehabilitation and up gradation of Karachi-Lahore Peshawar (ML-1) Railway’s 1,872km long track is an important project of CPEC.The project includes doubling of entire track from Karachi to Peshawar. After its completion the speed of passenger trains will be raised from 65/110km per ho...
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Game changer CPEC gets Rs21 billion in Pakistan’s 2020-21 budget
17Jun By Michael SmithNo Comments
Asia

Game changer CPEC gets Rs21 billion in Pakistan’s 2020-21 budget

Pakistan’s Public Sector Development Programme (PSDP) for the year 2020-21 has allocated Rs21 billion for projects under China Pakistan Economic Corridor (CPEC) - once considered a game changer for Pakistan.Except a few major road and rail projects under the CPEC, the PSDP does not allocate money for any significant scheme. There is no mention of any allocation for any of the much-discussed industrial zones, which were to be established under the CPEC to general industrial and economic growth of the country.The most conspicuous allocation under CPEC in the 2020-21 PSDP is for the construction of Zhob to Kuchlak Road, CPEC Western Corridor as Rs10 billion has been allocated for this project.For the upgradation of Pakistan Railways existing Main Line-1 (ML-I) and establishment of dry port ne...
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