Islamabad, April 08, 2015 (PPI-OT): The Capital Development Authority Development Working Party (CDADWP) has approved PC-1s of four mega projects worth Rs.34.00 billion. These development projects are of immense importance. Project Cost-1 (PC-1) of these mega projects has been approved during the 36th meeting of CDADWP held here at CDA headquarters on Wednesday.
The meeting was presided over by the Chairman CDA, Maroof Afzal. On this occasion Members of the CDA Board, senior officers of Planning and Development Division, Cabinet Division and senior officers of the Authority including Director General Works, Director Planning and Evaluation were also present.
PC-1 worth Rs. 21,814 million was approved for the “signal free / controlled access corridor of Islamabad Highway from Zero Point Interchange to G.T Road”. Under the project, five lanes each would be constructed on both sides of Islamabad Highway from Zero Point to Rawat. Two major interchanges, underpasses and T-Junction would also be constructed on 24 kilometre long Islamabad Highway.
While service roads on both sides of Islamabad Highway would also be expanded. Islamabad Highway being inter provincial route facility, is of great importance, which facilitate the traffic flow from Punjab and other part of the country. Due to expansion of Islamabad Highway not only the commuters from other parts of the country would be facilitated but the people residing in the areas along the Islamabad Highway would also be benefited.
During the meeting PC-1 amounting to Rs.3495.354 million for the development of Sector C-14 and PC-1 worth Rs.4548.627 million for the development of Sector C-15 were also approved to cater the growing housing needs in the Federal Capital. Development of these sectors would not only help meet housing needs but will also open new avenues of development in Capital city.
During the 36th meeting of CDADWP, PC-1 for the long awaited project of Kuri Model Village was also approved, which would cost Rs.4074.972 million. The development of Kuri Model Village would not only help in acquisition of thousand acres of land but also help resolve the longstanding issue.
On this occasion Chairman CDA, Maroof Afzal said that the development of signal free / controlled access corridor of Islamabad Highway would help ease traffic burden in Islamabad. He said that no new sector has been launched for the last many years, which has not only created the shortage of housing units but also escalated the prices of real estate in Islamabad.
He said that new sectors would cope with the growing housing needs as well as help bring down the prices of real estate in Islamabad. He said that the approved mega projects should be started at the earliest after early completion of all formalities.
To mark the current financial year being the year of development, he said that CDA is launching these mega projects, adding that CDA would ensure timely completion of these mega projects after its execution. He said that allocation of funds for these mega projects would also be ensured to avoid any interruption during the development work and keep the cost of the projects in control.
For more information, contact:
Public Relations Directorate
Capital Development Authority (CDA)
Main Office, G-7/4, Islamabad