Source: Graana.com
RAWALPINDI: The Central Development Working Party (CDWP) has forwarded the revised PC-I of the Rawalpindi Ring Road (R3) project to the Executive Committee of the National Economic Council (Ecnec) for final approval.
The project’s revised cost has increased to Rs39 billion, with Rs6 billion allocated for land acquisition and Rs32.9 billion for construction. The 38.3 km road will feature five interchanges and an industrial zone, aiming to improve traffic flow and boost economic activity in the region.
During its December 12 meeting, CDWP raised concerns about the appointment of a non-technical project director, which violates Planning Commission rules. Despite this, the project has progressed, with 100% earthwork and 60% structural work completed.
Land acquisition for the project, covering 8,992 kanals, has been finalized by the Rawalpindi Development Authority (RDA). The CDWP also requested a traffic study on the merger of the Ring Road with the motorway.
Pending Ecnec’s approval, expected within weeks, additional funds will be released to ensure the project’s completion by September 2025.
In a landmark step toward environmental protection and climate resilience, the Federal Cabinet has approved…
Lahore: In a key step to stimulate economic activity and attract greater investment, the Punjab…
Lahore: The Lahore Ring Road Authority has unveiled plans to establish six state-of-the-art rest areas…
Dubai is on track to become a global pioneer in digital property investment, with plans…
LAHORE: The Economic Policy & Business Development (EPBD), an independent economic think tank, has called…
Karachi: Sindh Chief Minister Syed Murad Ali Shah has directed the Board of Revenue (BoR)…