Uplift budget for Karachi increases three-fold - thenews.com.pk
The Sindh Government has allocated nearly Rs2,600 million for development projects of the Karachi Metropolitan Corporation (KMC) in the Fiscal Year 2013-14, an increase of around three times from last year. The funds include Rs1,067.419 million for new schemes in the metropolis under the Public Sector Development Programme.
For 2012-13, the Sindh Government’s allocation for development projects stood at Rs883.873 million.
The government made another allocation of Rs 599.516 million for development schemes under the Lyari Development Package, an increase of over Rs150 million compared to last year. This included Rs319.695 million for new development schemes in the area. Rs136.010 million was allocated for repair, renovation, and rehabilitation of existing primary and secondary schools of Lyari.
The allocation for development schemes included Rs142.650 million for the single-lane, two-way flyover at Teen Hatti and Rs532 million for the construction of a new three lane flyover at the Malir-15 intersection. Another Rs386 million would be allocated for the construction of a three-lane flyover at the Malir Halt traffic intersection.
Sindh Chief Minister Syed Qaim Ali Shah, in his budget speech at the Provincial Assembly on Monday, announced that the improvement of traffic management and transportation systems in Karachi was a priority for his government.
He said that the metropolis was the economic backbone of the country and the efficiency of traffic and transport would increase work hours and therefore enhance productivity.
“The project to revive the Karachi Circular Railways (KCR), with the assistance of Japan International Cooperation Agency, will enter its implementation phase during the financial year 2013-14,” the chief minister said. “The KCR will have a dual track of 41.12 km with 24 stations at an average distance of 1.5 km. The estimated cost of the project is 2.6 billion. The negotiations with JICA are almost finalised and we are at the stage of signing the loan agreement,” he said.
“The S-III (sewerage treatment) project is one of the major ones in the city with a cost of Rs7,982 million, out of which the federal government has to contribute Rs 3,991 million.” He added that thus far, the federal government released Rs789 million for the project and the government of Sindh contributed Rs 800million.
“Rs1,040 million have been allocated in the Annual development Programme (ADP) for this scheme. The sewage treated through this project will have immense environmental and health related benefits,” Shah said in his speech.
“Another mega project – K-IV – has been approved by the Executive Committee of National Economic Council (ECNEC) at a cost of Rs25.552 billion with 50 percent of the cost to be shared by the Sindh government. Rs1,000 million has been allocated for this project in the ADP 2013-14”.
Through this project, 260 million gallons of water will be supplied to the residents of Karachi on a daily basis. “This project will be a major step towards meeting the ever growing water requirements of Karachi,” said the CM.
“We have also taken up the Bus Rapid Transit Project for Karachi under the Public-Private Partnership (PPP) mode, which will be offered for investor solicitation during the next financial year,” he said. “The budgetary allocation has been kept as special packages for improvements of major cities in Sindh.”