Home Uncategorized Karachi to get Rs25b in the upcoming budget

Karachi to get Rs25b in the upcoming budget

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Karachi: In order to complete the ongoing development projects, the federal government has Proposed roughly Rs 25billion for the metropolis in the next budget.

According to a report, the amount will fully cover the remaining federal share in two critical Schemes of bus transit and bulk water supply.

In the federal Public Sector Development Program (PSDP) 2017-18, the Center has provided the required allocations for Green Line Bus Rapid Transit System and Greater Karachi Water Supply Scheme, Known as K-IV, addressing one of the contentious issues Between The Center and the provincial government.

The bus project will be Given Rs13 billion for the next Fiscal year, Which will fully cover the remaining cost of the scheme. For Greater Karachi Water Supply Scheme K-IV, the federal government has Proposed Rs9.6 billion.

Besides These projects, the budget will Also fund the construction of Lyari Expressway as Rs500 million have been Proposed for next Fiscal year out of the remaining financing requirement of Rs1.72 billion.