Islamabad:A Karachi-based construction company that developed the Zero Point Interchange was recently awarded the contracts for three mega road projects in the federal capital, according to a news report.
On Thursday, the Capital Development Authority (CDA) had opened bids for the construction of the Korang Bridge, the PWD Underpass on Islamabad Expressway, and the Rawal Dam Interchange. A joint venture between Maqbool Associates and Calson won the contracts for all three projects as they had submitted the lowest bids.
These details were shared by member planning and engineering Dr Shahid Mahmood, who added that these projects would be officially awarded to the selected developers once all legal proceedings and formalities had been concluded. The joint venture presented bids worth PKR 1.17 billion (11% lower than the estimate) for the Rawal Dam Interchange, PKR 628.5 million (17% lower than the estimate) for the Korang Bridge, and PKR 420 million (19% lower than the estimate) for the PWD Underpass. All three projects have been deemed important to reduce traffic congestion on the major arteries of Islamabad.
The CDA will execute the Rawal Dam Interchange project through its own funding, while the other two projects will be executed through the Public Sector Development Programme (PSDP).
