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Ml 1 Agreement

But all these reports and rumors were shot down when Prime Minister Imran Khan made a high-level visit to Beijing and the ML-1 agreement between Pakistan and China was signed. As part of the agreement, India Ports Global will renovate a 640-meter-long container handling facility and rebuild a 600-meter-long dock in the port. [304] India also agreed to extend a $400 million line of credit for the import of steel for the construction of a rail link between Chabahar and Zahedan,[313] while India signed a memorandum of understanding on the construction and financing of the Chabahar railway line in Zahedan for $1.6 billion. [314] The minister in power informed the Prime Minister that he would hold a series of press conferences to inform people of the benefits they would get under the agreement signed between the government and the IPPs. In this regard, Pakistan`s official announcement stated that Pakistan and China had agreed to improve the ML-1 railway line from Peshawar to Karachi and that an agreement had been signed between China and Pakistan on April 28 in Beijing. It was also said that Railway Minister Sheikh Rashid Ahmad and Chinese Ambassador to Pakistan Yao Jing signed the declaration on the preliminary planning of ML-1 Phase 1. Prime Minister Imran Khan and his Chinese counterpart Li Keqiang attended the signing ceremony. Under a $100 million agreement signed by Pakistan and China in November 2001, China will export 69 locomotives to Pakistan to modernize the country`s rail fleet. New engines consume less fuel than older models and cost less maintenance. The first 15 engines would be manufactured in China, the rest in Pakistan with Chinese parts and technologies. For a 7.2 billion Sindh rupee project that laid 78,000 tons of rail, China delivered 64,000 tons to Pakistan Railways.