fbpx
Join eProperty WhatsApp Channel

Join Pakistan’s Most Popular Whatsapp Channel for Property New Updates and Daily Prices

HOT | PLOTS | BOOKINGS | UAN: 03 111 042 111

eProperty®

Learn, Share & Grow

Buy and Sell in CBD Punjab

CDA’s cash shortage puts development projects in danger

Islamabad: Capital Development Authority (CDA) is currently so strapped for cash that it is having difficulties in executing some major development projects.

With no end to current financial crunch in sight, the distraught CDA intends to ask the federal government for funding for the purpose, it is learnt.

Sources in the CDA have informed Daily Times that said the projects suffering from shortage of funds include installation of computerised traffic signals, improvement of decades old water supply system, launch of Rapid Mass Transit System (RMTS), construction of Islamabad Expressway from Koral to Rawat, and that of Kashmir Highway from Peshawar Morr to GT Road.

According to sources, the CDA made no specific allocations in the current fiscal budget for development projects and rather, allocated funds to wings. They said PC-1 of many projects had been prepared but delay in release of funds by the wings concerned was delaying work on them.

They said computerised traffic signals and security cameras in the city had been awaiting installation for over a year. They said under the plan approved by its board, the CDA was to install around 60 computerised traffic signals and 300 security cameras to monitor vehicular traffic and improve security in the city.

The sources said the CDA (Water Supply Wing) had prepared a PC-1 of Rs 10 billion for up-grades of the capital’s decades old waterlines and sewerage system and sent it to the Finance Wing for release of funds. However, the sought-after funding has yet be provided to the Water Supply Wing and thus, delaying the project.

They said the CDA would hire a firm of international standard to execute the project by using ‘no digging’ technology.

The sources said according to the PC-1, meter system would also be introduced in the city to control growing water losses. They said the project’s completion would ensure round-the-clock water supply to people.

As for the RMTS to be launched for Islamabad and Rawalpindi, sources said the CDA had yet to allocate funds for preparing feasibility study. And even the hiring of a consultant for the purpose has yet to be done. Under the plans, the service is meant to provide a decent, modern transport system to the twin city commuters. Currently, private transport vehicles totaling around 1,6000 are a major means of mobility within and between the two cities.

When contacted, Ramzan Sajid, a spokesman for the CDA, confirmed that financial constraints were hindering smooth execution of many projects. He said the CDA would soon request the government for provision of funds to ensure timely completion of schemes.

Source: Daily Times

CDA’s cash shortage puts development projects in danger
eProperty WhatsApp Community

Join the eProperty Community for daily Pakistan Property rate updates, the latest developments, and news.

eProperty WhatsApp Community

Property buying and selling was never easy before; simply connect with our WhatsApp hotline for absolutely free property consulting. Please save this number, +923111042111 in your contact list to get regular updates from us; otherwise, you will not receive any updates.

CDA’s cash shortage puts development projects in danger
Scroll to top
Open chat
WhatsApp Hotline
السلام عليكم ورحمة الله وبركاته

مہربانی فرما کر ہمارا نمبر 00923111042111 اپنے موبائل کی رابطہ لسٹ میں محفوظ کر لیں۔ اگر یہ نمبر آپکے موبائل کی رابطہ لسٹ میں محفوظ نہی تو آپ کو ہماری طرف سے تازہ معلومات موصول نہی ہوں گی۔

Kindly save this number in your contact list for future updates. You will not received our WhatsApp updtaes if this number +923111042111 is not saved in your contact list.

Atif Iqbal from eProperty®