# Pakistan Defers $6.7 Billion ML-I Project, Approves Key CPEC Projects for Economic Development
![Image](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhsgrUCkG6zuF2SiZazO6e7ax8oQgEIv2-4oo-xmhy3tEUTTrytGoBJkx5GyeM-WNGTNmd73Hp1DsgiNLYk-uETXhYpYTZ-u_Oqo1DWGzbGzZyyZaZ6hUSU76IdwzQ7QGr89V7sJCbVVN0ZIaSrnfdbRq8UMKTQoGgfpjlOMAFHYW_XNBr-YoMfQFlDrZOY/w640-h488/Screenshot_20240630-193719.png)
**ISLAMABAD:** On Saturday, Pakistan deferred approval for the $6.7 billion Mainline-I (ML-I) project of the China-Pakistan Economic Corridor (CPEC). Instead, the government sanctioned two other Chinese-funded schemes: building a new airport in Gwadar and completing a missing road link, both involving multibillion-dollar investments. The decisions were made during a meeting of the Executive Committee of the National Economic Council (ECNEC), chaired by Deputy Prime Minister and Foreign Minister Ishaq Dar. ECNEC, which approves projects costing over Rs7.5 billion, approved 19 projects, including some brought forward due to cost revisions. Deferred Approval of ML-I Project ECNEC did not clear the re-modified PC-I for the ML-I upgrade and advised Pakistan Railways to consider preparing smaller projects and packages for financing and implementation. The coalition government had previously cleared the “unviable” $6.7 billion ML-I project before Prime Minister Shehbaz Sharif’s visit to China...