Karachi July 4 2022: Crescent Steel and Allied Products Limited is negotiating with China Harbour Engineering Company Limited for manufacturing and coating of pipes (Hot Rolled Coils will be provided by the client) having diameters of 68 and 84 inches for the K-IV project, the Greater Karachi Bulk Water Supply Scheme.
The value of the contract is expected to be around PKR 3,800 Million. Subject to the execution of contract, the manufacturing is expected to commence in the second quarter of the current financial year and will be completed, hopefully, by first quarter of the next financial year.
Sindh government had approved the K-IV project in the year 2015. The plan presented by the Sindh government to the federal government on the matter acknowledged a daily supply of 650 million gallons of water, which was to be completed in three phases by the year 2023.
The project’s Phase I consisted of 260 MGD, Phase II comprised 260 MGD and Phase III promised 130 MGD. The Sindh government started work on Phase I 260 MGD in 2016 which was to be completed in 2018. The original cost was Rs25 billion which the federal government and the Sindh government had to pay on an equal basis. However, due to the incompetence of officials, rampant corruption, and flawed project design by the Sindh government, the construction cost of the K-IV project increased from the initial Rs25 billion to Rs150 billion, rendering the project to come to a halt.