Rawalpindi: The Punjab government and the Asian Infrastructure Investment Bank (AIIB) have completed their negotiations pertaining to the issuance of loans for the construction of the Rawalpindi Ring Road (RRR) project, a news source quoted a senior official of the Rawalpindi Development Authority (RDA) as saying. The information was shared in a meeting held to discuss RRR, Leh Expressway and Daducha Dam projects.
The meeting was presided over by Rawalpindi Commissioner Captain (R) Mohammad Mehmood. Addressing the meeting, the commissioner said that to supervise the construction of the RRR project, a Project Management Unit (PMU) would be formed within a month. The PMU formation will assist in initiating development work at the project site by March 2020.
To conduct a feasibility study and prepare the PC-1 for the RRR project within 6 months, Zeeruk and Engineering General Consultant were jointly hired three months ago. For conducting the RRR’s feasibility study, the provincial government has already allocated PKR 10 billion.
To further speed up the process, the Rawalpindi commissioner has asked the Ministry of Housing and Physical Planning to initiate the process for hiring technical officials for the PMU. As per details, Commissioner Mehmood has been appointed as the PMU project director. For the PUM team, the government is yet to hire a deputy project director, a structural engineering, two engineering, a land acquisition collector and resettlement action planner.
The development work on RRR is expected to start in March after the consultants present PC-1 and the provincial government starts the process of land acquisition. The consultant will also appraise the government on pros and cons of initiating project development under the private-public partnership mode.
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.
