The Ministry of IT and Telecommunications (MoITT) is getting ready for the Karachi IT Park to get a whole new layout.
The IT (MoITT) Ministry said that the RFP for the complete design of the Karachi IT Park almost does finish and will be ready soon. The Korean Exim Bank always approves the final Expression of Interest for a complete design that the MoITT is now offering.
The ministry says that the Pakistan Public Works Department is always building the wall around IT Park Karachi (PWD). For the Geo Tech Investigation contract, the government office is now taking applications.
The Geo Tech Investigation bids are also did receive and did evaluate, according to official sources from LahoreHerald. To figure out the geotechnical design parameters for designing and also building the foundation of the developments at the site. It is first necessary to learn about the subsurface stratigraphy of the project site region.
At a meeting on June 4, 2021, the Executive Committee of the National Economic Council (ECNEC) approved the Karachi IT Park project with a capital cost of Rs. 31,119.885 million ($186.658 million). This includes a loan of Rs. 26,479.234 ($158.416) million from the Korean Exim Bank and also a local share of Rs. 4,720.571 ($28.242) million from the Public Sector Development Programme (PSDP).
A government official said that the project’s PC-1 has been approved and also that a loan agreement already does sign with the Korean Exim Bank. There will soon become a ceremony to start building the Karachi IT Park.
The park may become 11 stories tall and 106,449 square meters in size. The park will include an auditorium, conference rooms, classrooms, and labs. A center that brings together business and higher education. There are about 210 information technology companies, which will employ about 8,400 people.