Consultancy Services for Feasibility Study on Establishing Karachi Infrastructure Fund
Description of project
The Government of Sindh—under the World Bank-supported Competitive and Livable City of Karachi (CLICK) Project—prioritizes establishing a Karachi Infrastructure Fund (KIF) to help close the city’s infrastructure financing gap. The feasibility study assesses the legal, financial, regulatory, and operational viability of KIF as a dedicated vehicle to mobilize and channel resources into priority urban services (e.g., water supply, drainage, sanitation, solid waste, transport, and emerging digital connectivity). The methodology combines technical analysis, stakeholder engagement, and benchmarking of international models (e.g., UK, Brazil, Bengaluru, Singapore) and integrates environmental and social safeguards, gender inclusion, and World Bank standards, culminating in a feasibility report and implementation roadmap with legal drafts and financial projections.
Services provided
- Completed the inception phase (kick-off with PIU and key stakeholders), reviewed existing materials and data, and prepared the Inception Report.
- Assessed Karachi’s infrastructure financing landscape and identified key gaps and challenges; benchmarked international infrastructure fund models to inform KIF design.
- Analysed domestic, regional, and international financing options and developed financial models, including cost-benefit and sensitivity analyses.
- Facilitated stakeholder consultations and workshops, and proposed KIF’s legal/regulatory, governance, capital structure, and risk mitigation framework, leading to the final feasibility report and implementation roadmap.
