{"id":89997,"date":"2022-11-14T14:41:53","date_gmt":"2022-11-14T09:41:53","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=89997"},"modified":"2022-11-14T14:41:58","modified_gmt":"2022-11-14T09:41:58","slug":"wb-karachi-neighourhood-improvement","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/wb-karachi-neighourhood-improvement.html","title":{"rendered":"WB extends Karachi Neighourhood Improvement Project till June 2023"},"content":{"rendered":"\n<p>Karachi: The World Bank (WB) has decided to extend the deadline for the completion of USD 86 million Karachi Neighborhood Improvement Project (KNIP) till June 2023, news sources reported on November 13.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/world-bank-to-use-emergency-procedures-for-sweep-karachi.html\" data-type=\"post\" data-id=\"70628\" target=\"_blank\" rel=\"noreferrer noopener\">World Bank to use emergency procedures to implement SWEEP in Karachi<\/a><\/p>\n\n\n\n<p>The deadline has been extended by the WB to complete the remaining activities of Component 1, in particular, Phase 2 and emergency works of KNIP. As per the report, KNIP\u2019s Project Development Objective (PDO) is to enhance public spaces in targeted neighbourhoods of Karachi and improve the city\u2019s capacity to provide selected administrative services. The project is expected to enhance the quality of life of an estimated 3.6 million people with infrastructure development projects designed to improve an estimated 170 hectares.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/kharadar-rebuilding-project-launched-karachi.html\" data-type=\"post\" data-id=\"83542\" target=\"_blank\" rel=\"noreferrer noopener\">KNIP: Kharadar rebuilding project launched in Karachi<\/a><\/p>\n\n\n\n<p>The project has been divided into two phases, which include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Phase-1:<\/strong><\/li><\/ul>\n\n\n\n<p>improvement of public spaces in the Saddar, Malir, and Korangi neighbourhoods benefiting an estimated 362,000 residents<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Phase-2:<\/strong><\/li><\/ul>\n\n\n\n<p>Support to Improved Administrative Services and City Capacity Development with an estimated budget of USD 10 Million<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/knip-will-improve-public-spaces-in-the-city-cm-sindh.html\" data-type=\"post\" data-id=\"50504\" target=\"_blank\" rel=\"noreferrer noopener\">KNIP will improve public spaces in the city: CM Sindh<\/a><\/p>\n\n\n\n<p>This is the second extension of its kind from WB in order to complete the project on time before the closing of the loan approval date. Previously, the project was delayed owing to the heavy monsoon, which caused urban flooding in a huge portion of the city.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The World Bank (WB) has decided to extend the deadline for the completion of USD 86 million Karachi Neighborhood Improvement Project (KNIP) till June 2023, news sources reported on November 13. Read: World Bank to use emergency procedures to implement SWEEP in Karachi The deadline has been extended by the WB to complete the remaining activities of Component 1, in particular, Phase 2 and emergency works of KNIP. As per the report, KNIP\u2019s Project Development Objective (PDO) is to enhance public spaces in targeted neighbourhoods of Karachi and improve the city\u2019s capacity to provide selected administrative services. The project is expected to enhance the quality of life of an estimated 3.6 million people with infrastructure development projects designed to improve an estimated 170 hectares. Read: KNIP: Kharadar rebuilding project launched in Karachi The project has been divided into two phases, which include: Phase-1: improvement of public spaces in the Saddar, Malir, and Korangi neighbourhoods benefiting an estimated 362,000 residents Phase-2: Support to Improved Administrative Services and City Capacity Development with an estimated budget of USD 10 Million Read: KNIP will improve public spaces in the city: CM Sindh This is the second extension of its kind from WB in&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":[15013],"tags":[54908,54907,54909],"persona":[],"class_list":{"0":"post-89997","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-karachi-neighbourhood-projects-knip","9":"tag-wb-extends-karachi-neighourhood-improvement-project-till-june-2023","10":"tag-world-bank-in-pakistan","11":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>WB extends Karachi Neighourhood Improvement Project till June 2023 - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The World Bank (WB) has decided to extend the deadline for the completion of USD 86 million Karachi Neighborhood Improvement Project (KNIP) till\" \/>\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\/wb-karachi-neighourhood-improvement.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"WB extends Karachi Neighourhood Improvement Project till June 2023 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The World Bank (WB) has decided to extend the deadline for the completion of USD 86 million Karachi Neighborhood Improvement Project (KNIP) till\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/wb-karachi-neighourhood-improvement.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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