Rawalpindi: Out of the 26 companies that applied for pre-qualification status for the Rawalpindi Ring Road (RRR) project concept (PC) II, six have been shortlisted, reported a news source. The companies selected will now contest for the PKR 85 million consultancy contract.
The Planning and Development Department has asked these companies to submit their requests for proposal (RFP). The firm that will win the financial and technical bid for RRR will be awarded a PKR 85 million contract. This company will then be required to prepare a detailed report on project design, its geometric and structural layout, and a re-assessment plan. The said blueprint will reportedly have to be submitted within six months.
The departments concerned have already allocated PKR 5 million for the formation of RRR’s Project Management Unit (PMU). In addition, a sum of PKR 6 billion has also been reserved for the land acquisition process.
The land acquisition and contract-awarding phase will start once one of the plan submissions communicated by the six firms gets an approvaThe RDA is the executing agency behind the RRR project.
For more updates on RRR, stay tuned to Zameen News.
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.
