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Federal government considered the much awaited infrastructure projects of the city of lights worth Rs739 billion titled Karachi Transformation Plan to be financed through public-private partnership (PPP).
The Central Development Working Party (CDWP) granted its go ahead for undertaking the Karachi Transformation Plan (KTP) at an estimated cost of Rs739 billion that would be financed through the Public Sector Development Program (PSDP) and Public Private Partnership (PPP).
The CDWP also agreed that the execution of Karachi Transformation plan would be completed in three years.
Karachi Transformation Plan worth Rs739 billion was discussed to improve required civic amenities in Karachi in consultation with government of Sindh under Karachi Transformation Plan in water supply, sewerage treatment and disposal, solid waste management, storm water drains, improvement/rehabilitation of internal roads, mass transit system under the plan.
Planning Commission Deputy Chairman Mohammad Jehanzeb Khan chaired the meeting. Senior officials from the Planning Commission, federal ministries and divisions and representatives of the provincial governments also participated in the meeting.
In September 2020, Prime Minister Imran Khan had announced Rs1100 billion Karachi Transformation Plan (KTP). It was agreed that the federal government and Sindh government would both contribute to the plan.
The major projects under the KTP include:
- Greater Karachi Water Supply Project (K-IV),
- Settlement of displaced persons in flats to ensure clearance of nullahs and rivers,
- Green Line BRT,
- Karachi Circular Railway and
- Railway line freight corridor from Karachi Port to Pipri.
The handing over of Greater Karachi Water Supply Project (K-IV) to WAPDA had already been recommended by the CDWP for the approval of the ECNEC.
It is worth mentioning here that on December 24 2020, the Economic Coordination Committee (ECC) of the Cabinet had also endorsed Rs739 billion Karachi Transformation Plan (KTP).
ECC approved Karachi Transformation plan of more than 100 projects
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