In 2014 the Ministry of Railways launched Pakistan Railways Vision 2026, which seeks to increase the company's share of the transportation sector from four to 20 percent with the ₨886.68 billion (US$6.3 billion) China–Pakistan Economic Corridor rail upgrade. The plan includes new locomotives, development and improvement of current rail infrastructure, an increase in average train speed, improved on-time performance and expansion of passenger service. The first phase of the project was completed in 2017, and the second phase is scheduled for completion by 2021.