Pakistan to pay China $40b on $26.5b CPEC investments in 20 yearsSimilarly, the Havelian-Textile rail track has also been excluded from the project. The ML-I project will be completed on the Engineering Procurement and Construction (EPC) mode under a sovereign deal. An addendum to framework agreement will be signed to amend the Article-II to implement the ML-I project in three phases. The cabinet had approved to set up an implementation committee to review cost, scope, and financing of the ML-I project. At present, the Pakistan Railways is picking up less than 4% of the traffic volume of the country, which the government intends to increase to at least 20% by 2025.

Source: The Express Tribune April 11, 2019 03:00 UTC