LDA approves revised budget of Rs49.54bn for completion of LDA City

LAHORE: A revised budget of Rs49.54 billion was approved by the Lahore Development Authority (LDA), for the early completion of the LDA City housing scheme.

In addition, approval for the revised PC-1 of the project was also accorded by the governing body in the meeting.

The attendees of the meeting were briefed on various projects by the representative of the authority.

It was informed that a substantial proportion of the allocated funds will be utilized to acquire land to construct a 200-foot wide Chenab Road, to connect the Jinnah Sector to Ferozepur Road near Lahore Ring Road.

The governing body of the authority also approved the hiring consultants for the construction of 35,000 residential apartments in LDA City under Naya Pakistan Housing Scheme.

In this regard, a committee was formed under the leadership of governing body member Engineer Riaz Qureshi, to evaluate the proposals submitted by the consultants.

Furthermore, technical and financial bids will be invited to construct the residential apartments, the authority announced.

The Engineering Wing of the authority was tasked with the role to develop infrastructure and the construction of housing apartments.

On the other hand, the negotiations held with the management of the Chiniot Housing Society for the acquisition of land in LDA Avenue 1 were also approved by the governing body.

The society will comprise around 1,555 kanals of land in LDA Avenue 1.

 

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