Karachi: According to a news source, the World Bank (WB) advocated the construction of a new port city at Sonmiani Bay in a recent report to accommodate the country’s expanding cargo demands and capacity improvement.
The Karachi Ports Supply and Demand Assessment research report looked into four different options for improving port capacity and managing the estimated 129 percent increase in cargo handling demand over the next 20 years.
Read More: World Bank approves USD 120 million for Green Stimulus project
WB recommended that the government spend $300 million to develop an elevated highway connecting Northern Highways to Karachi Port, according to its study. This would meet the short-term goal of diverting traffic from the city’s interior while also alleviating pressure on major roadways. The second realistic option, with a budget of USD 500 million, is to build Port Qasim, which will enhance cargo flow and relieve pressure on Karachi Port.
Read More: World Bank approved $800 million to improve Pakistan’s power sector, human capital
Investing USD 850 million in the maintenance and expansion of both Karachi Port and Port Qasim was another option (which is projected to reach capacity in the mid-2030s). However, the study’s main recommendation is to build a totally new port in Sonmiani Bay for USD 9.6 billion, which will be capable of handling all port-related issues for the foreseeable future. Furthermore, according to the report, the project would be a massive infrastructure project that would face governmental problems as well as land-related concerns.
Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City.