ISLAMABAD: Prime Minister Imran Khan has termed the inclusion of the Karachi Comprehensive Coastal Development Zone (KCCDZ) in the China-Pakistan Economic Corridor (CPEC) a game changer.
In a tweet on Sunday, the prime minister said, “Inclusion of Karachi Comprehensive Coastal Development Zone in CPEC is game changer.” He added that the project would help “cleanup our marine habitat for fishermen and present opportunities for investors.”
He said that 20,000 low-income housing units will be developed under the project, adding the KCCDZ “will put Karachi at par with developed port cities,” and felicitated the maritime authority for their efforts in this regard.
A day earlier, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi said that the multi-billion-dollar Karachi Coastal Comprehensive Development Zone (KCCDZ) will prove to be a game changer for Pakistan. In a statement issued on Saturday, the minister said that KCCDZ is an initiative of the Ministry of Maritime Affairs focused on providing Karachi with an ultramodern urban infrastructure zone, which would place the city among top port cities of the world.
He said that the governments of Pakistan and China have agreed to include the KCCDZ under the framework of the China-Pakistan Economic Corridor (CPEC) project, adding the historic decision was made during the 10th Joint Cooperation Committee (JCC) on CPEC held at Islamabad and Beijing.
He said the planned multi-billion dollars mega KCCDZ project would be built with direct Chinese investment in partnership with Karachi Port Trust (KPT). The quantum of expected investment was approximately US $3.5 billion. KCCDZ would be a flagship project for not only Pakistan but also the entire region. He said KCCDZ would also provide residential resettlement to more than 20,000 families living in the surrounding slums.
The environment-friendly mega KCCDZ envisaged four new berths for KPT. It would also house a state-of-the-art fishing port with a world class fisheries export processing zone to boost Pakistan’s trade potential. It will also drastically improve the marine ecosystem and reduce pollution by establishing a water treatment plant at the mouth of the Lyari River. KCCDZ would connect the rest of Karachi through a majestic harbour bridge rising from behind Pakistan’s Deepwater Port with exit ramps for Manora Island and Sandspit Beach.
KCCDZ also has enormous potential for global investors. It will unlock Pakistan’s unexplored blue economy and significantly enhance development and industrial cooperation between the two countries. – TLTP