Rawalpindi: The Rawalpindi Development Authority (RDA) has plans to return PKR 7 billion funds released by the Punjab government for Rawalpindi Ring Road and Kutchery Chowk projects, according to news published on May 27.
As per the details, the provincial government issued PKR 4 billion for the Ring Road project and PKR 3 billion for the Kutchery Chowk project during the fiscal year (FY) 2021-2022. The contract for the construction of both projects was awarded to Frontier Works Organisation (FWO). However, the funds were not used as the work has not started yet.
A senior official of the divisional administration mentioned that the funds for the projects will no longer be valid after June 30. According to a senior official of Punjab Housing, Urban Development and Public Health Engineering (whose name was not disclosed) informed that the government wants to use the allocated funds for active projects and release the required funds for both the projects in the next FY. Reportedly, the RDA spokesperson Mohammad Irfan revealed that the Ring Road project will likely start at the beginning of the next FY.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
