The Central Development Working Party (CDWP) agreed on the Karachi Transformation Plan (KTP) at an estimated cost of Rs 739 billion that would be financed through the Public Sector Development Program (PSDP) and Public Private Partnership (PPP).
The CDWP meeting was held on Monday under the Deputy Chairman Planning Commission Mohammad Jehanzeb Khan which considered three projects and approved Karachi Transformation Plan through the Public Sector Development Program (PSDP) and PPP mode of financing.
Senior officials from the Planning Commission and Federal Ministries/Divisions participated in the meeting and also representatives from the provincial government.
Representatives from the provincial government discussed the need to improve required civic amenities in Karachi in consultation with the Sindh government under Karachi Transformation Plan in Water Supply, Sewerage Treatment, and Disposal, Solid Waste Management, Stormwater Drains, Improvement/Rehabilitation of Internal Roads and Mass Transit System.
In September 2020, Prime Minister Imran Khan had announced Rs 1100 billion Karachi Transformation Plan (KTP). It was agreed that the federal government and the Sindh government would both contribute to the plan.
The federal government had committed to undertake Rs 739 billion worth of KTP projects over the next three years. Now the CDWP has approved the financing model of the federal share of KTP which includes allocation from Public Sector Development Programme (PSDP) and financing through Public Private Partnership (PPP).
The major projects under the KTP include the Greater Karachi Water Supply Project (K-IV), settlement of displaced persons in flats to ensure clearance of nullahs and rivers, Green Line BRT, Karachi Circular Railway and railway line freight corridor from Karachi Port to Pipri.
The CDWP also approved a Concept Clearance Paper presented by the Government of Khyber Pakhtunkhwa namely “Foreign assistance from IFAD for project Rural Economic Transformation Project” worth US $100 million in all districts of the province.