KARACHI, March 10: The Programme of Economic Revival for Karachi (PERK) has chalked out an ambitious plan for upgrading and modernising the Nursery Market, connecting it with the nearby Sharea Faisal’s pedestrian overhead bridge to be equipped with escalators.

The project called the Nursery Market Urban Revival will cost around Rs35 million and it would be undertaken with the active cooperation of Jamshed Town.

The amount to be incurred on providing escalators at the pedestrian overhead bridge is, however, not included in it as the facility will be made available under a separate sponsorship programme.

The sources said that the scope of the plan also included upgradation of the market’s streets, improvement and correction of a nearby storm-water drainage system, provision of architectural street lights and street furniture, landscaping plus horticulture and designing of shops’ front/signage vocabulary.

The sources said that the plan, which would be undertaken with the active cooperation of the market’s shop-owners who had ensured strict observance of municipal rules and regulations including property lines/buildings codes.

There will be sharing of cost of the locality’s upgradation based on a shop’s frontage, and for which a loan would be available for repayment in three to five years.