Rawalpindi: The officials concerned have finalised the Section 4 notification for acquiring land for the Rawalpindi Ring Road (RRR) project, according to a news source. As per details, the said document has been prepared keeping in view the marked route and alignment of the circular road.
The authorities concerned have yet to notify the implementation of Section 4, which – following its enactment – will allow the department concerned to commence with the land-acquisition process for the RRR project.
The circular road will start from the Radio Pakistan building on GT Road and end at Fateh Jang. Further, the news report revealed that the total length of the road has also been reduced from 35 kilometres to 26 kilometres.
According to reports, the measurement for the available land for the ring road has also been initiated. Moreover, the provincial executive has earmarked PKR 2 billion for the land-acquisition process.
The Rawalpindi Development Authority (RDA) has hired Zuric International for the preparation of project design and advisory service for financial and legal consultancy. The report in this regard will be submitted in March before the RDA – the project’s executive agency.
Once the RDA receives this report, the loan arrangements with the Asian Infrastructure Investment Bank (AIIB) of China will be finalised. This will be followed by awarding the project development contract.
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.
