Asian Development Bank, World Bank show interest in $6.8bn ML-1

ISLAMABAD: Major international lenders, including the Asian Develop­ment Bank (ADB) and World Bank (WB), have expressed interest in the 1,800km Karachi-Peshawar Main Line-1 (ML-1) railway project, with its revised estimated cost of $6.8 billion following the withdrawal of Chinese financing. A team of the Economic Affairs Division (EAD), led by Secretary Humair Karim, briefed the National Assembly’s Standing Committee on EAD on the ML-1 project. The panel, presided over by Mirza Ikhtiyar Baig, wa

Source: Dawn