Prime Minister Imran Khan has said inclusion of Karachi Comprehensive Coastal Development Zone in CPEC is game changer and it will put Karachi at par with developed port cities of the world.
In a tweet, he said it will clean-up our marine habitat for fishermen, develop 20,000 low income housing units and create opportunities for investors.
Inclusion of Karachi Comprehensive Coastal Development Zone in CPEC is game changer. Will cleanup our marine habitat for fishermen, develop 20k low income housing units & present opportunities for investors. Will put Khi at par with developed port cities
Well done @MaritimeGovPK
— Imran Khan (@ImranKhanPTI) September 26, 2021
China and Pakistan developed a consensus on making the multi-billion Karachi Coastal Comprehensive Development Zone (KCCDZ) project part of the CPEC framework. According to a press release shared by Ali Zaidi the consensus was reached during the 10th Joint Cooperation Committee (JCC) of CPEC on Sep 23.
Maritime Affairs Ministry will focus on providing Karachi with an ultra-modern urban infrastructure zone. The project, to be built on a reclaimed area of approximately 640 hectares on the Western back waters marsh land of KPT, the volume of expected investment is around $3.5 billion.
MARITIME MINISTRY INITIATES A HUGE ECONOMIC TRANSFORMATION PROJECT FOR KARACHI UNDER CPEC
A monumental decision was taken during the 10th Joint Cooperation Committee (JCC) on CPEC, held on 23rd September 2021 at Islamabad and Beijing. pic.twitter.com/pxHtxv4jVp
— Ministry of Maritime Affairs, Govt of Pakistan (@MaritimeGovPK) September 25, 2021