PM Imran unveiles Rs1,100 billion package for Karachi
KARACHI: Prime Minister Imran Khan on Saturday announced Rs1100 billion “historic package” for Karachi to resolve issues in the megalopolis.
“The package will have joint grant pooled by the federal government as well as the provincial government,” said Prime Minister Imran Khan while addressing media in Karachi. He was flanked by Sindh Chief Minister Murad Ali Shah and Governor Imran Ismail.
The National Disaster Management Authority (NDMA) was tackling cleaning of stormwater drains in the city, he said. He said the government would revive the Karachi Circular Railway project under the same package.
Imran Khan said, “We will resolve the issue of transport in Karachi.”
He admitted that Karachi witnessed unprecedented rains this monsoon season. Pak Army always played a role on the front line in any natural disaster, he said.
Provincial Coordination Implementation Committee (PCIC) will implement the Karachi Transformation Plan and sewerage system would also be uplifted under Karachi package, said PM Imran adding that the committee would be supervised by the chief minister.
“We have coordinated on the issues of Karachi to be implemented in short term and long term plan. The Sindh CM briefed me on the challenges faced by the interior Sindh,” he said.
He said Karachi had a lingering issue of shortage of drinking water which would be resolved on priority basis. The city had jurisdictions of different institutions which made implementation of decisions difficult, he said.
According to the SAMAA TV report, the Karachi Transformation Plan document states that the Sindh government will spend 35% of the project, Rs 285 billion. The loan from China will cost 31% of the project, or Rs 250 billion.
In addition, the project will have 14% share or Rs 107 billion from the public-private sector. The World Bank will spend 10% of the project i.e. Rs 80 billion.
It has also been stated that the ADB will only cooperate for the completion of the BRT Red Line. The ADB will spend Rs 5 percent, Rs 39 billion on the project. The federation will provide only 5 percent, Rs36 billion, for the project.
Most of the money will be spent for the completion of the circular railway while money has also been allocated for mass transit, water supply, sewerage problems. A large portion of the money has also been earmarked for road construction and maintenance.