Islamabad: The Economic Coordination Committee of the Cabinet has approved key agreements, paving way for Reko Diq Project's takeoff.

According to Radio Pakistan, the ECC, which convened in Islamabad with Finance Minister Muhammad Aurangzeb, consented to a rail development agreement and bridge financing agreement with the Reko Diq Mining Company. These agreements will ensure the provision of bridge financing amounting to 390 million dollars to lay a 1,350 kilometers railway track for transporting large volumes of export material from the mines in Balochistan.

The forum further approved definitive agreements and financial commitments related to the financing of the Reko Diq Project. It instructed that any material deviations in the final execution forms, as determined by the project's legal and financial consultants and certified by the Reko Diq Mining Company, would be brought back to the ECC for approval.

Speaking on the occasion, Muhammad Aurangzeb stated that the ECC's approvals signify the government's firm commitment to advancing this landmark project, which has the potential to transform the economic landscape of Balochistan and generate extensive benefits for the people of Pakistan.

He added that the Reko Diq Project will not only unlock one of the world's largest undeveloped copper-gold deposits but also catalyze job creation, infrastructure development, and long-term socio-economic uplift across the region.