{"id":610853,"date":"2023-10-17T11:38:02","date_gmt":"2023-10-17T06:08:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=610853"},"modified":"2023-10-17T13:03:53","modified_gmt":"2023-10-17T07:33:53","slug":"pakistans-key-cpec-railway-project-imf-conditions-threaten-ambitious-ml-1-upgrade-all-you-need-to-know","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/pakistans-key-cpec-railway-project-imf-conditions-threaten-ambitious-ml-1-upgrade-all-you-need-to-know\/","title":{"rendered":"Pakistan\u2019s Key CPEC Railway Project: IMF conditions threaten ambitious ML-1 upgrade \u2013 All you need to know"},"content":{"rendered":"<p>One of Pakistan\u2019s significant railway modernisation projects, the Main Line-1 (ML-1), planned under the China-Pakistan Economic Corridor (CPEC), is facing challenges due to the International Monetary Fund\u2019s (IMF) conditions regarding sovereign guarantees.<\/p>\n<p>The ML-1 project aims to modernise over 1,726 kilometers of colonial-era rail line from Karachi to Peshawar. However, the project is contingent on IMF approval and the finance ministry\u2019s ability to provide sovereign guarantees for a USD 6.67 billion loan from China. The project\u2019s budget has been reduced by 32 percent from its initial cost.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>One of Pakistan\u2019s significant railway modernisation projects, the Main Line-1 (ML-1), planned under the China-Pakistan Economic Corridor (CPEC), is facing challenges due to the International Monetary Fund\u2019s (IMF) conditions regarding sovereign guarantees. The ML-1 project aims to modernise over 1,726 kilometers of colonial-era rail line from Karachi to Peshawar. However, the project is contingent on IMF approval and the finance ministry\u2019s ability to provide sovereign guarantees for a USD 6.67 billion loan from China. The project\u2019s budget has been reduced by 32 percent from its initial cost.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,264,138],"tags":[],"class_list":["post-610853","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-railways-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=610853"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/610853\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=610853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=610853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=610853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}