{"id":70249,"date":"2020-09-09T11:31:06","date_gmt":"2020-09-09T06:31:06","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=70249"},"modified":"2020-09-09T11:31:08","modified_gmt":"2020-09-09T06:31:08","slug":"pms-karachi-transformation-plan-centre-commits-funding-5-infrastructure-projects","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pms-karachi-transformation-plan-centre-commits-funding-5-infrastructure-projects.html","title":{"rendered":"PM\u2019s Karachi Transformation Plan: Centre commits to funding 5 infrastructure projects"},"content":{"rendered":"\n<p>Karachi: The federal government on Tuesday pledged to provide funds for the development of five mega projects under the \u2018PM\u2019s Karachi Transformation Plan\u2019 recently announced for the city, a news source reported. In this regard, the Ministry of Planning, Development, &amp; Special Initiatives shared the details of the plan devised for the development of Karachi\u2019s infrastructure.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/sindh-appoints-new-karachi-administrator-deputy-administrators-for-6-districts.html\" target=\"_blank\" rel=\"noreferrer noopener\">Sindh appoints new Karachi administrator, deputy administrators for 6 districts<\/a><\/p>\n\n\n\n<p>Under the PM\u2019s Karachi Transformation Plan, the federal government has committed to providing finances for the following initiatives:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Karachi Circular Railway (KCR)<\/li><li>Greater Karachi Water Supply Project (K-IV)<\/li><li>Greenline BRT<\/li><li>Railway Freight Corridor<\/li><li>Rehabilitation of rivers, <em>nullahs<\/em>, and storm water drains, along with resettlement of affected people<\/li><\/ul>\n\n\n\n<p>As per the detailed revealed, the total cost of these projects amounts to PKR 736 billion out of which the centre has committed to providing an estimated PKR 611 billion. Meanwhile, the provincial government is expected to provide PKR 375 billion.<\/p>\n\n\n\n<p>In a related development, the federal government has announced its decision to request the Supreme Court (SC) to allow the partial utilisation of the Bahria Town Settlement Fund.<\/p>\n\n\n\n<p>Due to railways being a federal subject, along with SC\u2019s directions on the project, the federal government is now duty-bound to execute the KCR project. Therefore, the centre will have the responsibility of bearing the financial cost of this initiative.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/centre-sindh-to-solve-karachis-problems-with-pms-pkr-1-1-trillion-relief-package.html\" target=\"_blank\" rel=\"noreferrer noopener\">Centre, Sindh to solve Karachi\u2019s problems with PM\u2019s PKR 1.1 trillion relief package<\/a><\/p>\n\n\n\n<p>Sources said that the centre sought to work together with the Sindh government for the development of Karachi. They added that the details of federal and provincial responsibilities were shared to remove ambiguities.<\/p>\n\n\n\n<p>Minister for Planning &amp; Development Asad Umar has directed the officials concerned to prepare time-bound action plans for the implementation of their respective projects. He also instructed them to seek approvals or NOCs from the provincial government where required.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The federal government on Tuesday pledged to provide funds for the development of five mega projects under the \u2018PM\u2019s Karachi Transformation Plan\u2019 recently announced for the city, a news source reported. In this regard, the Ministry of Planning, Development, &amp; Special Initiatives shared the details of the plan devised for the development of Karachi\u2019s infrastructure. Read: Sindh appoints new Karachi administrator, deputy administrators for 6 districts Under the PM\u2019s Karachi Transformation Plan, the federal government has committed to providing finances for the following initiatives: Karachi Circular Railway (KCR) Greater Karachi Water Supply Project (K-IV) Greenline BRT Railway Freight Corridor Rehabilitation of rivers, nullahs, and storm water drains, along with resettlement of affected people As per the detailed revealed, the total cost of these projects amounts to PKR 736 billion out of which the centre has committed to providing an estimated PKR 611 billion. Meanwhile, the provincial government is expected to provide PKR 375 billion. In a related development, the federal government has announced its decision to request the Supreme Court (SC) to allow the partial utilisation of the Bahria Town Settlement Fund. Due to railways being a federal subject, along with SC\u2019s directions on the project, the federal government&hellip;<\/p>\n","protected":false},"author":68,"featured_media":61673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15017,15020],"tags":[38938],"persona":[],"class_list":{"0":"post-70249","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-notices-announcements","9":"category-social-developments","10":"tag-details-on-pms-karachi-transformation-plan-centre-commits-to-funding-5-infrastructure-projects","11":"cat-20385-id","12":"cat-15017-id","13":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM\u2019s Karachi Transformation Plan: Details shared - Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government on Tuesday pledged to provide funds for the development of five mega projects under the \u2018PM\u2019s Karachi Transformation Plan&#039;.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pms-karachi-transformation-plan-centre-commits-funding-5-infrastructure-projects.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM\u2019s Karachi Transformation Plan: Details shared - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government on Tuesday pledged to provide funds for the development of five mega projects under the \u2018PM\u2019s Karachi Transformation Plan&#039;.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pms-karachi-transformation-plan-centre-commits-funding-5-infrastructure-projects.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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