KARACHI, Jan 4: City Nazim Syed Mustafa Kamal on Thursday said the government’s encouraging and investment-friendly policies as well as speedy uplift of infrastructure had improved Karachi’s reputation the world over.
He said that construction of 24km long elevated expressway with foreign investment would soon begin and Korean firm’s plant in Karachi for manufacturing CNG-buses was part of the same sequence.
The nazim said this while visiting Daewoo’s assembling plant in Razzaqabad adding that the government would extend all-out cooperation to investors.
He said the assembling plant had a capacity of manufacturing 3,000 CNG buses a year, which would not only provide job opportunities to locals but also benefit citizens to travel in comfortable and modern vehicles.
“We have no shortage of qualified youngsters but what they need is better opportunities. The manufacturing of CNG buses in Karachi will benefit local workers to work and learn latest technology”, he said. Mr Kamal lauded the Korean company for choosing Karachi for their venture.
The nazim said that the city government had initiated uplift projects at a fast pace, which was evident from the fact that flyovers were being constructed in record five and half months period.
He informed the foundation stone for the construction of 24-kilometer long elevated expressway was expected to be laid down.
He was of the view that the project, which starts from Quaidabad and terminates at the Jinnah Bridge, Merewether Tower, would be completed within three years.
Mr Kamal said that Karachi had become a perfect choice for big investors to put their money in various sectors as uplift projects worth billion of rupees were already under way.
He said the government would fully cooperate with the companies and individuals who wanted to invest in Karachi’s transport sector.
“Karachi is a huge market and any company or individual interested in investing in its transport sector would get all cooperation and benefits from us,” he said.
Earlier, the Daewoo officials briefed the city nazim on the assembling plant with a capacity to produce 3,000 CNG buses a year as well as trucks, mini-trucks and other vehicles. They said the first CNG bus would be available to ply on roads in March.
