{"id":80041,"date":"2021-09-27T12:14:41","date_gmt":"2021-09-27T07:14:41","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=80041"},"modified":"2021-09-27T12:14:47","modified_gmt":"2021-09-27T07:14:47","slug":"coastline-project-usd-3-5-karachi","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/coastline-project-usd-3-5-karachi.html","title":{"rendered":"Coastline revamp project worth USD 3.5 bn approved for Karachi"},"content":{"rendered":"\n<p>Karachi: The federal government on Saturday (September 25) announced a USD 3.5 billion plan to rebuild Karachi&#8217;s coastline as part of the China-Pakistan Economic Corridor (CPEC), news sources reported. The decision was announced by the Joint Cooperation Committee (JCC) on CPEC, held on September 23, in Islamabad and Beijing.\u00a0 <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/federal-govt-looking-develop-islands-karachi-coast.html\" target=\"_blank\" rel=\"noreferrer noopener\">Federal govt looking to develop islands off Karachi coast<\/a><\/p>\n\n\n\n<p>According to Minister of Maritime Affairs Syed Ali Zaidi, the project would be completed entirely with direct Chinese investment, without the requirement for a loan. The proposal aims for overhauling the city with more berths for the port, a new fishing port, and a \u2018majestic harbour bridge\u2019 connecting the city to Manora islands and Sandspit beach. According to Zaidi, the Karachi Coastal Comprehensive Development Zone (KCCDZ) will cover 640 hectares or 1,581 acres on the Karachi Port Trust&#8217;s western backwaters marshes (KPT).\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"581\" src=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi-1024x581.jpg\" alt=\"\" class=\"wp-image-80042\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi-1024x581.jpg 1024w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi-300x170.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi-768x436.jpg 768w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi-705x400.jpg 705w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi-406x230.jpg 406w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/09\/maritime-karachi.jpg 1275w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption>picture credit: Ministry of Maritime Affairs, Govt of Pakistan<\/figcaption><\/figure>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/bill-tabled-sindh-assembly-expand-coastal-development-authoritys-jurisdiction.html\" target=\"_blank\" rel=\"noreferrer noopener\">Bill tabled in Sindh Assembly to expand Coastal Development Authority\u2019s jurisdiction<\/a><\/p>\n\n\n\n<p>Furthermore, the government also intends to construct low-cost housing for 20,000 people living in adjacent fisherman colonies and slums as part of the project. In addition, the project will contain a cutting-edge fishing port with a fisheries export and processing zone. Reportedly, Prime Minister Imran Khan has lauded the development and predicted that the inclusion of Karachi\u2019s coastal development plan in CPEC will bring the city at part with developed global port cities.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The federal government on Saturday (September 25) announced a USD 3.5 billion plan to rebuild Karachi&#8217;s coastline as part of the China-Pakistan Economic Corridor (CPEC), news sources reported. The decision was announced by the Joint Cooperation Committee (JCC) on CPEC, held on September 23, in Islamabad and Beijing.\u00a0 Read: Federal govt looking to develop islands off Karachi coast According to Minister of Maritime Affairs Syed Ali Zaidi, the project would be completed entirely with direct Chinese investment, without the requirement for a loan. The proposal aims for overhauling the city with more berths for the port, a new fishing port, and a \u2018majestic harbour bridge\u2019 connecting the city to Manora islands and Sandspit beach. According to Zaidi, the Karachi Coastal Comprehensive Development Zone (KCCDZ) will cover 640 hectares or 1,581 acres on the Karachi Port Trust&#8217;s western backwaters marshes (KPT).\u00a0 Read: Bill tabled in Sindh Assembly to expand Coastal Development Authority\u2019s jurisdiction Furthermore, the government also intends to construct low-cost housing for 20,000 people living in adjacent fisherman colonies and slums as part of the project. In addition, the project will contain a cutting-edge fishing port with a fisheries export and processing zone. Reportedly, Prime Minister Imran Khan has&hellip;<\/p>\n","protected":false},"author":84,"featured_media":61673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[48461,48459,48460],"persona":[],"class_list":{"0":"post-80041","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-10-jcc","9":"tag-coastline-revamp-project-worth-usd-3-5-bn-approved-for-karachi","10":"tag-karachi-coastline-development-project","11":"cat-20385-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Coastline project worth USD 3.5 bn approved for Karachi- Zameen News<\/title>\n<meta name=\"description\" content=\"The federal government on Saturday announced a USD 3.5 billion plan to rebuild Karachi&#039;s coastline Project as part of the China-Pakistan Economic Corridor\" \/>\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\/coastline-project-usd-3-5-karachi.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coastline project worth USD 3.5 bn approved for Karachi- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The federal government on Saturday announced a USD 3.5 billion plan to rebuild Karachi&#039;s coastline Project as part of the China-Pakistan Economic Corridor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/coastline-project-usd-3-5-karachi.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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