Rawalpindi: The Government of Punjab has temporarily halted the Lahore Ring Road Authority (LRRA) from taking charge of the Rawalpindi Ring Road (RRR) project, according to a news source. This decision has been taken in light of the amendments currently underway within the LRRA Act.
Earlier in March, the provincial government had decided to hand over the RRR project to LRRA on account of the Rawalpindi Development Authority’s alleged ‘lack of expertise in handling a project of such scale’. Based on the new orders, the project’s transfer to the LRRA will now be conducted following the approval of the Punjab Assembly’s LRRA Act amendments mentioned – for which no timeline has been shared.
On a related note, Zurich International, in a recent report, has termed the RRR a ‘feasible project’; also recommending the addition of a 9 km stretch of the CPEC route to the initiative. Reportedly, the National Highway Authority has been tasked with constructing this part of the road. The global insurer’s report also stated that the project would be completed by 2023.
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.
