CDA to present Rs 34bn budget next week

ISLAMABAD: The Capital Development Authority (CDA) would present its budget of Rs 34 billion for the fiscal year 2014-15 in the last week of June.While talking to the media personnel, a CDA official said that the authority would start various mega projects in the city during the next fiscal year. He said that the CDA has allocated Rs 2 billion for the development of Park Enclave, adding that the authority has also allocated an amount for the development of Sector I15. The official added that two new residential Sectors C15 and C16 would also be launched in the next fiscal year. He said that the effectees of Sector E12 would get plots in Sector I12 and in this regard, the CDA has allocated some handsome amount. The CDA would start the construction of signal free road from Zero Point to Koral Chowk, he added.He said that the CDA Development Working Party (CDADWP) has also approved three public welfare projects. The allocation for these projects would be made in the current CDA budget and the work would start soon after the approval of the budget for the financial year 2014-15. The projects include construction of two underpasses on the Faisal Avenue between Sectors G7, G8, and Sectors F7 and F-8, and the construction of Citizens Facilitation Centre in Sector G7, and fixation of barbed wire/warning boards around the CDA's acquired land. The construction of the two underpasses on Faisal Avenue between Sectors G7, G8 and Sector F7 and F8 was approved during the CDADWP's meeting. The estimated cost of the project is Rs 555 million. The completion time for the project is six months. The scheme shall be financed through the CDA's own resources.The CDADWP has also approved the construction of Citizens Facilitation Centre at Jasmine Road, Sector G7/2. The estimated cost of the project is Rs71 million. The completion time for the project is also six months. The CDADWP in its meeting approved another project named "providing/fixing barbed wire, boundary pillars, warning boards, and construction of pre-cast wall around the CDA's acquired land" to save it from illegal encroachers. The project cost is Rs 333 million. The project would be completed in one year. The scheme shall be financed through CDA's own resources. 

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