The Economic Coordination Committee (ECC), chaired by Finance Minister Muhammad Aurangzeb, has finalised the key agreements on the Reko Diq project, including a rail development agreement between the Ministry of Railways and the Reko Diq Mining Company.
The committee approved the financing of $390-million bridge that will be used to lay a 1,350-kilometre-long railway track. The rail project has been termed vital for exporting Reko Diq minerals from Balochistan.
It also directed the Ministry of Railways to share the agreements’ documents with the Ministry of Finance and instructed both ministries to present a detailed report on the project by March next year.
Finance Minister Aurangzeb said the Reko Diq project would transform the economic outlook of Balochistan, create employment opportunities, improve infrastructure and bring long-term social and economic benefits to the region.
“The Reko Diq project will not only unlock one of the world’s largest undeveloped copper-gold deposits but also catalyse job creation, infrastructure development, and long-term socio-economic uplift,” he said.
