$390m Reko Diq bridge loan for ML-3

Pakistan Railways will use a $390 million bridge loan from Reko Diq Mining Company (RDMC) to fund the 996-km ML-3 rail upgrade project, aimed at supporting transportation for the Reko Diq copper and gold project. The Planning Commission has raised concerns about fiscal risks, security costs, and inadequate post-completion planning for the $892 million project, which is a joint venture involving Barrick Gold Corporation, Balochistan government, and federal entities.