Karachi Comprehensive Coastal Development Zone in CPEC game changer: PM

Karachi Comprehensive Coastal Development Zone in CPEC game changer, says Prime Minister Imran Khan.

In a tweet, the PM hailed inclusion of KCCD Zone in CPEC as a game changer.

Karachi at par with developed port cities

He further said that it would put Karachi at par with developed port cities of the world.

The PM said it will clean-up our marine habitat for fishermen, develop 20,000 low income housing units and create opportunities for investors.

According to a press release issued in Islamabad on Sunday, Pakistan and China have agreed to include Karachi Coastal Comprehensive Development Zone in the China Pakistan Economic Corridor framework.

Both sides made the monumental decision during the 10th Joint Cooperation Committee on CPEC’s meeting. It held on 23rd September at Islamabad and Beijing.

Moreover, official sources noted Karachi Coastal Comprehensive Development Zone, a multi-billion dollar project, as the first of its kind in CPEC.

It focuses on providing Karachi with an ultra-modern urban infrastructure zone to place it among the top port cities of the world.

The project would be built on direct Chinese investment in partnership with Karachi Port Trust with an expected investment of 3.5 billion USD.

The environment friendly, game changer project also envisages four new berths for KPT and will unlock Pakistan’s unexplored Blue Economy and significantly enhance development and industrial cooperation between the two brotherly countries.

GTV