Islamabad: The National Logistic Cell (NLC), which is responsible for the project, has contacted the Capital Development Authority (CDA) for a price adjustment formula as reported by the news source on May 6. According to the NLC, the previously quoted bid rates are no longer feasible. Read: Miyawaki Forest launched in LHR’s LDA Avenue-1
As per news details, civic authority initiated the Rs. 10.2 billion project in 2022 under the Public Sector Development Programme (PSDP). The project was supposed to be completed in March this year but CDA recently extended the deadline to December as only around 25% of the work has been completed. The main reason behind the delayed work is the shortage of funds. Read: DHA Quetta extends investment avenue to Dubai with commercial, residential plots
A senior officer of CDA told a national daily that if the required funds aren’t allocated in the upcoming fiscal year, the project could be delayed for years. He highlighted the sluggish pace of work on the project, adding that work on the railway bridge has been started near the service roads of I-9 and I-10.
