Lahore: Ravi Urban Development Authority (RUDA) has forwarded request for bridge financing to Punjab government in order to begin work on the first phase of Ravi Riverfront Urban Development Project – a news source reported on November 10. The first phase of the project requires a total funding of PKR 140 billion and animation videos will be used for planning the project.
Read: RUDA becomes executing authority for cleaning Ravi River
The finance department is also looking into ways to raise funds for the project. These funds will first be utilised for acquisition of land.
Read: RUDA invites EOI for Ravi River Development City design, development
The District Estimates Committee had recently fixed the rates for acquisition of land for Ravi Riverfront Urban Development Project. In total, rates for 22,990 kanals were determined in tehsil city Lahore, while the rates for 91,096 kanals were determined in Shalimar city.
In the first phase, a total of 14,086 kanals of land is to be acquired.