Bundal Island project off the coast of Karachi will attract a $50 billioninvestment, which will benefit the country’s overall economy.
This was said by Governor Sindh Imran Ismail while he was addressing a newsconference along with Minister for Maritime Affairs, Ali Haider Zaidi onThursday.
The governor said that the federal government would take all thestakeholders on board prior to initiating this eco-friendly project, addingthat a working group would be established consisting of representatives ofprovincial and federal governments as well as other relevant departments.
He also said that Bundal Island will increase the revenue of the Sindhgovernment and it will also become a tourist destination in the country.
The governor expects the island project to turn out to be even better thanRavi Riverfront city project. He said that the aim is to create two newcities there, settled on a comprehensive master plan, and keeping in viewthe increasing pollution problems.
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The project, once constructed, is also likely to become a touristattraction, to the tune of four to five million, with all the revenue goingto the Sindh government, the governor said. The project will generateinvestment worth billions, and create 150,000 jobs, he added.
Speaking on the occasion, Minister for Maritime Affairs, Ali Haider Zaidisaid that the area of Bundle Island is under the jurisdiction of Port QasimAuthority. He said that “we are also sons of the soil of Sindh, theimpression that the islands are being occupied by the federal government isuntrue.”
