The Reko Diq project has begun a new phase of collaboration thanks to the backing of the Special Investment Facilitation Council (SIFC).
Thanks to SIFC initiatives, significant investment and financing obstacles in the Reko Diq project have been addressed.
Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Government Holdings Private Limited will extend financial guarantees via a collective corporate guarantee.
OGDCL has greenlit 715 million dollars in financing for the initial phase of the Reko Diq initiative.
Reko Diq Mining Company will offer a loan of 350 million dollars to build a new railway line for the project.
Through the ML-3 initiative, Reko Diq will link to Port Qasim through a railway within three years.
The Reko Diq project, one of the biggest mining initiatives in Pakistan’s history, is anticipated to bring in ninety billion dollars in revenue.
The Reko Diq project will create numerous job opportunities and fresh business prospects in Balochistan.