WB to launch neighbourhood improvement project in Karachi
KARACHI: The World Bank will launch a neighbourhood improvement project in Karachi next year to improve urban living conditions and safety by improving citizen services in selected areas.
Our Karachi representative reports that according to World Bank report 100 million dollars project will be the first step in a multi-year World Bank group engagement, reported the Radio Pakistan.
The executive board of the bank is scheduled to approve a loan of 80 million dollars for the project and Sindh government will contribute twenty million dollars.
The project will be implemented in the Pakistan Chowk, Korangi, Malir and Saddar areas, including Empress Market. These areas are heavily populated with mixed residential and commercial use. Several shops are located in the vicinity of roads and mobile vendors also ply their trade.
According to the World Bank, the location and scope of all investments are being finalised and a full assessment of the environmental and social impacts is being carried out.