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Housing Projects Worth Rs110bn in Sindh World Bank Agreed to Fund

Housing Projects Worth Rs110bn in Sindh World Bank Agreed to Fund

The World Bank has agreed to finance housing projects worth Rs 110 billion in Sindh for flood-affected people. This was agreed upon during a virtual meeting between the Sindh CM Murad Ali Shah and WB Country Director for Pakistan Najy Benhassine. For the implementation of the project, a special unit would be formed under the chief secretary. The CM Sindh said that his government is doing its best to remove water from the flooded areas and the construction of housing units would be started immediately as soon as the flood water is drained out.

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Earlier Mr. Shah told the WB country director that the winter season is around the corner and the government is striving hard to construct houses for flood affecters as soon as possible and that the provincial govt badly needs financing from the World Bank in this regard. He said. “The de-watering process is in progress and hopefully within one-and-a-half months, it will be completed.” After a detailed discussion, the WB decided to launch projects worth Rs 110bn for the construction of houses for the flood victims in the province.

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It was also decided that the CEO of the proposed company start the construction of the houses with the help of the public and private sectors. The survey for the construction of houses is already in progress. The CM also told the WB Country Director about the damage done to the roads and infrastructure in Karachi and said that Rs 13bn is required for the construction of damaged rods in the city. The WB made the commitment of Rs 6bn for road infrastructure. Mr. Shah added that the amount of Rs 26bn is required to renovate and revamp the sewerage system in the province.

 

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