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KCCI welcomes CM’s approval of Rs1.37b for reconstruction of roads in Site area

KCCI welcomes CM’s approval of Rs1.37b for reconstruction of roads in Site area

KARACHI: Chairman Businessmen Group & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli has warmly welcomed the approval of Rs1.37 billion by Chief Minister Sindh for reconstruction of the dilapidated roads of Sindh Industrial Trading Estate (SITE) Ltd Karachi which was pending since long that led to creating immense hardships for thousands of industries in Site area particularly after the recent rainfalls which further destroyed almost all the roads of entire Site area.

Siraj Kassam Teli, who led a delegation from Site Association in a meeting at CM House, said, “We are very grateful to Chief Minister Sindh for thoroughly listening to the grievances being faced by the industrialists of Site and hope that the infrastructure development work would be expedited and completed at the earliest.”

He was of the opinion that the condition of roads in SITE Karachi has worsened to such an extent that even commuting on a jeep has become almost impossible in this particular area while the business & industrial community was suffering severe losses every day because of the damages to their goods in transit due to broken roads.

Siraj Teli further appreciated Chief Minister’s decision to hand over collection of property tax to SITE Ltd that would surely help in improving the recovery and these funds can be utilized on the development of SITE area.

He stressed that the Sindh government and Site Limited in consultation with the business & industrial community of Site area will have to make sure that the allocated funds are utilized transparently and in the right direction while the overall timeline for the various road infrastructure development projects in Site area must be clearly defined and publicized. Keeping in view the grievances being suffered by the industrialists in Site area, it is really essential to devise effective strategies to fast-track the infrastructure rebuilding work so that the task of roads in Site area could be completed within a year.

Chairman Businessmen Group (BMG) pointed out that it has been agreed that a six-member committee comprising three representatives from Site Limited and the remaining three Site Association of Industry will be formed to review and monitor the progress of infrastructure development work in Site area. However, it is also necessary to transfer the entire amount of Rs1.37 billion to a separate account with signing authority for release of funds from both side, Site Limited and Site Association, which would certainly ensure full utilization of allocated funds in a transparent manner for the precise purpose of constructing roads only.