ProPropertyNewsWB to Fund Sindh Govt’s Housing Project for Flood Affectees

WB to Fund Sindh Govt’s Housing Project for Flood Affectees

KARACHI: The World Bank has said it would provide financial support to the Sindh Government to launch a residential project worth PKR 110 billion.

The housing society is going to cater to the people who have been affected by the recent disastrous floods.

A virtual meeting was held between WB Country Head Najy Benhassine and Governor Sindh Murad Ali Shah to discuss the matter.

According to the details, a special unit has been set up under the chief secretary and the teams are working on the de-watering process.

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The CM told the WB country head that once the water was cleared from the villages and towns, the construction of houses would begin.

Furthermore, the CM shared how the rains and floods had damaged the infrastructure of Karachi, and that about PKR 13 billion were required for the rehabilitation and restoration of the roads.

In response to this, the WB constituted a committee to provide funds of about PKR 6 billion.


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