Karachi: The Sindh government will soon receive funding of USD 1.93 billion from the World Bank (WB) for various projects —including developments aimed at improving the water situation in Karachi, a news source reported. The bank gave its approval for these funds on Friday during a meeting held at the Chief Minister (CM) house between a delegation of WB officials and CM Syed Murad Ali Shah..
The CM stated that the Karachi Water Services Improvement Project is worth USD 1.6 billion and will be implemented in three phases. The USD 100 million needed for the first phase has already been approved, and was used for the institutional reform of the Karachi Water and Sewerage Board. The second phase will focus on major investments, such as a bulk water supply system for Karachi from the Hub dam and the Indus river, along with improvements in the sanitation system of the city.
Additionally, the World Bank has approved USD 328 million to finance the Guddu and Sukkur barrages. These are considered by experts to be a lifeline for the rural community in the area and an important factor in improving the agro-economy of the region.
