Karachi: According to press reports, the federal government unveiled a USD 3.5 billion plan to rehabilitate Karachi’s coastline as part of the China-Pakistan Economic Corridor (CPEC) on Saturday (September 25). The Joint Cooperation Committee (JCC) on CPEC, which met on September 23 in Islamabad and Beijing, announced the decision.
The project would be built totally with direct Chinese investment, without the need for a loan, according to Minister of Maritime Affairs Syed Ali Zaidi.
More berths for the port, a new fishing port, and a “majestic harbour bridge” connecting the city to Manora islands and Sandspit beach are also part of the idea. The Karachi Coastal Comprehensive Development Zone (KCCDZ), according to Zaidi, will span 640 hectares (1.581 acres) of the Karachi Port Trust’s western backwaters marshes (KPT).
As part of the project, the government also plans to provide low-cost homes for 20,000 people living in nearby fishing colonies and slums. A cutting-edge fishing port with a fisheries export and processing zone will also be included in the project.