The World Bank will launch a neighbourhood improvement project in Karachi next year to improve the urban living conditions and safety by improving citizen services in selected areas.
According to World Bank report, $100 million project wold be the first step in a multi-year World Bank group engagement.
The executive board of the bank is scheduled to approve a loan of 480 million for the project and Sindh government would contribute $20 million .
The project would be implemented in Pakistan Chowk, Korangi, Malir and Saddar areas, including Empress Market. These areas are heavily populated. Several shops are located in the vicinity of roads and mobile vendors also ply their trade in these areas.
According to the World Bank, the location and scope of the investment are being finalised and a full assessment of the environmental and social impacts is being carried out.
