AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.30 Increased By ▲ 2.92 (1.39%)
BOP 9.76 Increased By ▲ 0.28 (2.95%)
CNERGY 6.36 Decreased By ▼ -0.12 (-1.85%)
DCL 8.83 Decreased By ▼ -0.13 (-1.45%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.80 Decreased By ▼ -2.12 (-2.19%)
FCCL 35.20 Decreased By ▼ -1.20 (-3.3%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 15.55 Increased By ▲ 0.60 (4.01%)
HUBC 127.85 Decreased By ▼ -2.84 (-2.17%)
HUMNL 13.20 Decreased By ▼ -0.09 (-0.68%)
KEL 5.36 Decreased By ▼ -0.14 (-2.55%)
KOSM 6.93 No Change ▼ 0.00 (0%)
MLCF 43.28 Decreased By ▼ -1.50 (-3.35%)
NBP 59.30 Increased By ▲ 0.23 (0.39%)
OGDC 225.00 Decreased By ▼ -5.13 (-2.23%)
PAEL 38.76 Decreased By ▼ -0.53 (-1.35%)
PIBTL 8.24 Decreased By ▼ -0.07 (-0.84%)
PPL 195.75 Decreased By ▼ -4.60 (-2.3%)
PRL 38.24 Decreased By ▼ -0.64 (-1.65%)
PTC 26.17 Decreased By ▼ -0.71 (-2.64%)
SEARL 102.52 Decreased By ▼ -1.11 (-1.07%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.73 Decreased By ▼ -0.52 (-1.48%)
TPLP 13.20 Decreased By ▼ -0.32 (-2.37%)
TREET 25.75 Increased By ▲ 0.74 (2.96%)
TRG 68.99 Increased By ▲ 4.87 (7.6%)
UNITY 33.92 Decreased By ▼ -0.60 (-1.74%)
WTL 1.73 Decreased By ▼ -0.05 (-2.81%)
BR100 11,964 Decreased By -132.8 (-1.1%)
BR30 37,217 Decreased By -497.9 (-1.32%)
KSE100 111,136 Decreased By -1279 (-1.14%)
KSE30 35,004 Decreased By -504 (-1.42%)

Delayed for years because of design and funds, the mega Zero Point Interchange (ZPI) project, costing Rs 2.3 billion, is likely to be inaugurated by Prime Minister Syed Yousuf Raza Gilani on Thursday (September 11), Zero Point Interchange Project Director Mumtaz Hussain told Business Recorder here on Tuesday.
He said that it was supposed to be inaugurated on Wednesday, but due to some security reasons, there had been a delay for one day. On the other hand, contractors Messers Maqbool Associates, a Karachi-based company, has already moved in modern machines on the site along with labourers, who had started construction work a few weeks back.
According to reliable sources, the reason of delay in the inauguration of the project was that the Prime Minister had expressed serious reservation over the huge increase in project cost, irregularities in award of contract due to which the matter was taken to the Islamabad High Court (IHC). "However, a few days back the civic body moved a summary to the Prime Minister regarding the issue due to which he agreed to inaugurate the project", sources said.
Sources further told this scribe that a French firm had prepared the PC-I of the project in 1997, but that was rejected by the Capital Development Authority (CDA). Later, it was put aside five times because of some technical flaws and political interference that left the project in doldrums. The authority also had wasted millions of rupees to have different designs made by different firms.

Copyright Business Recorder, 2008

Comments

Comments are closed.