Project 1 is on the timeline. It has one sequence.
Click the Menu item (top-left of the window), then FILE, then IMPORT CLIPS FROM ANOTHER PROJECT.
This will add that project as Sequence 2.
If you want to combine them into a single sequence...
Click the Sequence 1 tab above the timeline, and from the bin add Sequence 2 to Sequence 1.
Or click the Sequence 2 tab and from the bin add Sequence 1 to Sequence 2.
Do this by dragging or via a right-click on the bin sequence, which will drop down a menu that offers several timeline placement options.