AIIB to launch four projects worth Rs. 137 billion in Karachi

AIIB to launch four projects worth Rs. 137 billion in Karachi
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KARACHIThe Asian Infrastructure Investment Bank (AIIB) has shown interest in extending financial assistance to launch four projects worth Rs137.7 billion, which include Karachi Expressway/ring road, Karachi Sewerage Plan (S-III), lining of KB feeder and Kandhkot-Ghouspur bridge on River Indus.

This development was a result of a meeting held between Sindh Chief Minister Syed Murad Ali Shah and Asian Infrastructure Investment Bank (AIIB) Vice President DJ Pandian at the CM House Wednesday.

The chief minister said that 500 million gallons per day (MGD) of waste water generated in Karachi is being disposed into the Arabian Sea without any treatment. “This is a very serious issue and I want to resolve it at any cost.”

Briefing the visiting team, P&D Chairman Mohammad Waseem said that work on Rs36.117 billion S-III is in progress. The provincial government from its resources is investing Rs7.982 billion to enhance the capacity of three treatment plants from 561MGD to 300MGD and to construct a new treatment plant of 200MGD.

He said that as per National Environmental Quality Standards (NEQS) requirement, the industrial units are required to undertake pre-treatment of industrial effluent before discharging into municipal sewerage system.

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