KARACHI - The World Bank will launch a neighbourhood improvement project in Karachi next year to improve urban living conditions and safety by improving citizen services in selected areas.

According to a World Bank report, $100 million project will be the first step in a multi-year World Bank group engagement.

The executive board of the bank is scheduled to approve a loan of $80 million for the project and the Sindh government will contribute $20 million.

The project will be implemented in the Pakistan Chowk, Korangi, Malir and Sadar areas, including Empress Market.

These areas are heavily populated with mixed residential and commercial use. Several shops are located in the vicinity of roads and mobile vendors also run their trade.

According to the World Bank, the location and scope of all investments are being finalised and a full assessment of the environmental and social impacts is being carried out.