CDA approves Rs 45.82 billion annual budget

ISLAMABAD: The Capital Development Authority (CDA) Board has approved the authority’s Rs 45.82 billion budget for the Financial Year 2014-15 in a meeting at the CDA Headquarters on Friday.The budget meeting was chaired by CDA Chairman Maroof Afzal. Among those present on the occasion were Member Finance Arbab Sher Bahadur, Member Administration and Estate Amir Ali Ahmed, Member Environment Syed Mustafain Kazmi, Member Planning and Design Waseem Ahmad Khan and Member Engineering Shahid Sohail. The total outlay of spending is estimated at Rs 45,824.87 million for the Financial Year 2014-15, which is 35 percent more than that of the outgoing fiscal year. The total receipts are estimated at Rs 45,824.87 million, which is 23 percent more than the estimated receipts of Financial Year 2013-14 budget. The development budget is estimated as Rs 30,144.16 million, which is 66 percent of the total budget. Non-development expenditure is estimated at Rs 15,680.71 million, which is 34 percent of the total budget. Rs 35.73 billion has been estimated as receipts from the sector development and auction of residential and commercial plots. Revenue receipt of Rs 7.087 billion is expected from various taxes/duties, etc. On this occasion the CDA chairman said that this budget is development-oriented and focus has been given to acquisition of land, development of stalled sectors where development is pending since many years and development of new sectors to provide opportunities for new housing facilities to the people. He also said that in addition to major development projects focus has also been given to the repair and maintenance of existing infrastructure, play grounds, parks, sewerage system and water supply lines. Major development priority schemes to be carried out during the current financial year i.e. 2014-15 through CDA sources have been proposed at Rs 5,410 million such as Rs 1,000 million for construction of Margalla Roads (Phase-II), Rs 500 million for Development of Park Enclave, Rs 500 million for up-gradation of 7th Avenue, Rs 350 million for construction and development of car parking areas in the capital, Rs 250 million for construction of two underpasses on the Faisal Avenue in Sector G-7/G-8 and Sector F-7/F-8 have been allocated.During the current financial year Rs 200 million has been allocated for construction of semi covered markets in the city, while Rs 100 million for construction of Slaughter House in Islamabad. Chairman CDA said that keeping in view the shortage of residential units for the CDA employees; it has been decided to allocate Rs 100 million for construction of apartments for CDA employees, while Rs 100 million would be spent on up-gradation of blocks and construction of one new block in the capital Hospital to facilitate CDA employees with proper health facilities. The CDA chairman said that “we are aware of the repair and maintenance of developed sectors and want to provide maximum facilities to the people so an amount of Rs 50 million has been allocated for development/up-gradation work in developed sectors of Islamabad”.While acknowledging the need for development and opening of new sectors he said that Rs 500 million have been allocated for development of three new sectors, C-14, C-15 and C-16. Similarly, Rs 500.00 million have been allocated for the development of stalled sectors where development was over due since long. The CDA chairman said that Rs 200 million has been allocated for the fencing of CDA-acquired land to save it from the encroachers and Rs 50 million has been allocated for establishment of public facilitation centers.

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