Real Estate Update, Latest Prices & Market Overview

Federal Government Allocated Funds For Karachi

Get real time updates directly on you device, subscribe now.

Read Time: 2 mins

Under the financial budget 2020-21, the federal government of Pakistan has announced the allocation of funds for several mega projects in the capital city Karachi. As per sources, the allocation of funds includes the mega project of Greenline Bus Rapid Transit System (BRTS) and other projects pertaining to roads, transport, and sewerage system in Karachi.

The government will allocate funds of PKR 3 billion for Greenline BRTS under the Public Sector Development Programme (PSDP). Meanwhile, the classification of other allocations are as follows:

  • PKR 650 million has been allocated for the reconstruction project of Manghopir Road (Jam Chakro to Banaras)
  • PKR 350 million has been allocated for the reconstruction of Nishtar Road
  • PKR 384 million has been allocated for the rehabilitation of Karachi Metropolitan Corporation (KMC)’s existing fire-fighting system
  • PKR 500 million has been allocated for the construction project of an interchange over Malir Link Road to M-9
  • PKR 44 million has been allocated for the construction project of a road over Malir Bund from Dadabhoy Town/Expressway to the PNS Mehran, District East limits
  • PKR 217 million has been allocated for the rehabilitation/improvement of roads, streets, and water & sewerage system in District East
  • PKR 62 million has been allocated for the rehabilitation/improvement projects of roads, streets, and water & sewerage system in District Korangi
  • PKR 124 million has been allocated for the rehabilitation/improvement projects of roads, streets, and water & sewerage system in various union councils of District Central
  • Over PKR 1 billion has been allocated for the rehabilitation/improvement projects of roads, streets, and water & sewerage system in various union councils of District East
  • Over PKR 1 billion has been allocated for the projects of roads, streets, and water & sewerage system in District Malir
  • PKR 986 million has been allocated for projects in districts South and West, and KMC

Moreover, for the operations and integration of intelligent transport system equipment of Greenline BRTS, the government has separately allocated around PKR 7 billion. Furthermore, PKR 1 billion has been allocated for establishing Combine Effluent Treatment Plant (CETP) for Karachi’s industrial areas. The government has also allocated over PKR 2 billion for the Greater Karachi Water Supply Scheme (K-IV).

Comments
Loading...