The key breakthrough in the $10 billion Reko Diq copper and gold mining project is the agreement to install a 1,350-kilometer railway track on October 2.
According to sources, senior Ministry of Railways officials will visit the UK in relation to the railway agreement. Officials verified that $390 million in bridging finance had been approved by the Economic Coordination Committee (ECC).
According to additional sources, a contract with the Reko Diq Mining Company will be completed for this bridging finance. The railway route from Balochistan to Karachi will be financed by the firm with $390 million.
Access to the railway network for train operations will be made available to investors. In order to export minerals from Balochistan, a lengthy railway route will be constructed.
