Rawalpindi: To start acquiring land for the Rawalpindi Ring Road (RRR) project, the Asian Infrastructure Investment Bank of China has made the issuance of NOC from National Highway Authority (NHA), Islamabad Electric Supply Company (IESCO) and Pakistan Railways (PR) mandatory, reported a news source. The project is estimated to cost PKR 47 billion.
For meeting the conditions, the Rawalpindi Development Authority has started to initiate the process to seek NOCs from the specified authorities regarding the RRR route.
The Chinese bank is to provide a loan for the project and a team in this regard will visit Pakistan in August this year soon after the process of receiving the NOCs is complete. The team visited Pakistan twice before to check out the project route and feasibility report of the RRR project, which was initially proposed back in 1991.
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.
