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Pakistan: Karachi coastal project under CPEC to boost economy November 16,2021   |  Source: Pakistan Today

The recent inclusion of the Karachi Coastal Comprehensive Development Zone (KCCDZ) project in the China-Pakistan Economic Corridor (CPEC) will boost Pakistan’s economy and enhance industrial and development cooperation between Pakistan and China, said experts and officials. The decision to include the project in Karachi into the CPEC was made at the CPEC’s recent 10th Joint Cooperation Committee Meeting. Covering a total area of about 930 hectares, of which 640 hectares are reclaimed, the environment-friendly KCCDZ envisages four new berths for the Karachi Port Trust (KPT), according to a statement from the Ministry of Maritime Affairs of Pakistan. The mega project, being built with an expected investment of $3.5 billion, will also house a state-of-the-art fishing port, with a world-class fisheries export processing zone to boost the country’s trade potential, said the ministry. It will also drastically improve the marine ecosystem and reduce pollution with the establishment of a water treatment plant, the ministry said. Terming the project a game-changer for Pakistan, Prime Minister Imran Khan recently said the coastal development project will bring Karachi on a par with developed port cities of the world.

The project will present opportunities for investors, he said

 

© 2021. Pakistan Today.

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