May 25: The Express Tribune report by Shahbaz Rana states that Pakistan haphazardly cleared on Thursday the Mainline-I project of the China-Pakistan Economic Corridor (CPEC) at an initial price tag of $3.4 billion, as ambiguity remains over financing, scope and exact cost of the ‘strategic project’. The Central Development Working Party (CDWP) recommended the project for final approval of the Executive Committee of the National Economic Council (Ecnec). The CDWP has a mandate to approve projects worth up to Rs3 billion or $26 million, and all other schemes over the threshold are cleared for final approval of Ecnec.
The Express Tribune: CPEC: CDWP clears Pakistan Railways’ Mainline-I project at $3.4b cost
