Pakistan Chowk to Empress Market: World Bank approves $80m for restoration of old city area
Karachi, November 07, 2016 (PPI-OT): The World Bank with the constant efforts and interest of the chief minister Syed Murad Ali Shah has finally approved Karachi Rehabilitation Project of $80 million to restore old city right from Pakistan Chowk to Empress Market. This was disclosed in a meeting held between Sindh Chief Minister Syed Murad Ali Shah and nine-member World Bank delegation led by Senior Director Mr Ede Ijjaszvazquez. While chief minister was assisted by ACS (Dev) M. Waseem, Principal Secretary Naveed Kamran Baloch, Secretary Energy Agha Wasif and others.
The World Bank director said that the bank has, in principal, approved to work With Sindh government to launch $80 m Karachi Old Area Rehabilitation project. “This is the good news I have come here to give you,” the World Bank senior director said. The chief minister said that he was quite happy to know that the project has been endorsed by the World Bank. “This is not only a good news for me but it is the best news for the people of my city of Karachi,” he said.
He said that Empress Market was the heart of Karachi with its restoration and rehabilitation the entire city would start flourishing in terms of its look. The area right from Pakistan Chowk to Empress Market has historical buildings, parks and streets. The restoration of the area, including drainage, roads, streets, buildings, utilities, parks and other concerned areas would be uplifted and reconstructed.
Additional Chief Secretary (Dev) M. Waseem said that he has posted a PD of the project and Sindh government has allocated $20 million of its share. The PD has identified the spots to be renovated and reconstructed but has developed a work plan. “We are going to launch the project from December 2016,” he vowed.
The senior director World Bank congratulated the chief minister for getting the project for which he visited the residence of Country Director World Bank in Islamabad. ‘These were your efforts and vision that it is being materialized,” he said. The chief minister also congratulated the Karachiites, particularly of the old area for the World Bank project.
For more information, contact:
Chief Minister House, Sindh
Tel: +92-21-99202019 (Ext: 336)