China Road and Bridge Corporation (CRBC) has prepared an updated master plan and feasibility study on the $3.1 billion Karachi Coastal Comprehensive Development Zone (KCCDZ) project.

This was stated by CRBC Vice President Ye Chengyin in a meeting with Federal Minister for Maritime Affairs Syed Faisal Ali Subzwari at the Ministry of Maritime.

Ye Chengyin presented a brief profile of the company and said that CRBC is one of the four largest Chinese state-owned companies that first entered the international contracting market. He also invited the minister to visit CRBC headquarters.

CRBC - in line with the focus of the China-Pakistan Economic Corridor (CPEC) Phase-II and the principle of green and sustainable development - has initiated the blueprint for the KCCDZ.

With an ultra-modern urban infrastructure zone, KCCDZ will provide residential resettlement to improve local living standards, integrate emerging industries including IT, fashion, media, etc. and improve the marine ecosystem.

Syed Faisal Ali Subzwari appreciated the revised project and the feasibility study and pledged complete assistance from Karachi Port Trust (KPT) and his ministry. He directed the KPT chairman to involve all the stakeholders to review the revised plan.

Subzwari said a realistic and pragmatic approach was required to make the project viable. He asked the CRBC to explore alternative solutions for the provision of water, gas and electricity since those amenities were in short supply in Karachi.

The meeting was also attended by Federal Secretary of Maritime Affairs Mathar Niaz Rana, Additional Secretary Asad Rafi Chandna, Chairman of KPT Tariq Huda, General Manager of CRBC Lyu Ming and other senior officers.

CRBC Pakistan office has been actively engaged in construction and investment since 1966. CRBC has branches and offices in nearly 60 countries and regions in Asia, Africa, Europe and the Americas. It mainly undertakes contracting, investment, development and operation of roads, bridge, ports, railway, airports, tunnels, real estate and industrial park projects.

Credit : Independent News Pakistan-WealthPk