$1.6 billion mega project being launched in Karachi with World Bank

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$1.6 billion mega project being launched in Karachi with World Bank

KARACHI: $1.6 billion mega project being launched in Karachi with the help and support of World Bank.

Sindh Chief Minister Syed Murad Ali Shah has given a nod to launch $1.6 billion Karachi Water & Sewerage Improvement Programme (KWSSIP) to make Water board, operationally, financially and institutionally viable.

He took this decision while presiding a meeting to launch a well-conceived water board’s improvement programme here at CM House. The meeting was attended by Minister Local Government Syed Nasir Shah, Chairperson P&D Nahid Shah, PSCM Sajid Jamal Abro, Secretary Finance Hassan Naqvi, Chief P&D Naeem Zafar, DG KWSB Asadullah Khan, PD KWSSIP Ayoub Shaikh and other concerned officers.

The chief minister said that the World Bank and Asian Infrastructure Investment Bank sponsored KWSSIP was being launched to raise KW&SB operational capacity to deliver all of its customers safe and reliable water service on sustainable and predictable basis.

Through the project an environment would be established for private sector investment in water supply and wastewater treatment.

The KWSSIP is a $1.6 billion project in which World Bank share is 40 percent and 40 percent funds will be provided by Asian Infrastructure Investment Bank and the provincial government will pay 20 percent