Lahore: Punjab Chief Minister (CM) Sardar Usman Buzdar has directed the Lahore Development Authority (LDA) to initiate development work for the construction of the Gulberg-Babu Sabu Elevated Expressway, a news source reported.
Reportedly, the LDA has already acquired land, amounting to 750 Kanals, needed for the project proposed in the past during the tenure of the exiting Government of Punjab. The plan was later dropped when the new government took charge in 2018 due to high project cost. To address the monetary aspect of the project, the incumbent CM has asked the LDA to complete the project under the public-private partnership mode (PPP) mode of operation.
Sharing the recommendations in this regard, officials
propose that the investments be invited from local and internal firms. The
travelers using the expressway will be required to pay a fixed toll tax. Sources
claim that work is underway on project’s feasibility study.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
