14/09/2021 3:12 pm

According to news sources, Lahore Development Authority (LDA) Director General (DG) Ahmad Aziz Tarar has approved a budget of PKR 6.34 billion for 282 ongoing new buildings and development projects.

It has been decided to release the funds to minimize non-use of the funds during the 2021-22 fiscal year. According to the report, the chief engineer will be personally responsible for any future lack of funding. Reportedly, LDA was only able to use 22% of its funds in the last fiscal year.

Once funds are released, development work will be completed as scheduled. Here are the details about the project:

PKR 128 million to complete major development programs
More than PKR 910 million has been awarded to area development programs.
240 million PKR allocated to the EME Board of Directors.
PKR 440 million for Buildings Directorate
PKR 4 billion has been approved for development work on the LDA city project.
PKR 370 million for various road maintenance and development projects.
PKR 30.76 million has been allocated for road restoration in the PP-168 area of Haji Park, Umar Park and Mayo Colony.
PKR 30.27 million has been approved for road restoration and patching in the colonies of Gulshan, Gawala and Niazi Chowk.

The Gulberg sewage pipeline project with a budget of PKR 80.9 million is one such project. The sewage system will be developed to meet the growing demand for multi-story buildings in the area. Includes all Gulberg J Block I, J Block, C3 Block Gulberg III.

Visit the Red Marketing & Real Estate website to get information about the latest updates.

Subscribe to Our Youtube Channel
Red Marketing & Real Estate Youtube Channel
Follow Our Official Twitter
Red Marketing & Real Estate Twitter Page
Like Our Official Facebook Page
Red Marketing & Real Estate Facebook Page