Grade 20-22 officers: Rs 1.697 billion housing scheme to be funded through PSDP

Under the Prime Minister's special initiative, the federal government would be constructing residences worth Rs 1.697 billion in Islamabad for bureaucrats of grade 20-22.
For this purpose, Ministry of Housing and Works has submitted PC-I of infrastructure development for government Servant Housing (Prime Minister's Special Initiative) to Planning Commission of Pakistan for approval. The proposed project is planned to be located on Kurri Road Area of Zone-IV Islamabad and it would be completed within three years.
According to documents of PC-I of the project available with Business Recorder, the funding of Rs 1.697 billion for the Project would be made available through Public Sector Development Plan (PSDP).
The documents further state that an amount of Rs 252 million would be spent on the construction of roads, walkways, etc; Rs 176.40 million on area development including cost of gravity/RCC (Roller-Compacted Concrete), stone pitching, Rs 486 million underground electrification system, including cost of grid sharing and development charges of Islamabad Electric Supply Company (Iesco), Rs 100.80 million on drainage system and Rs 226.8 million would be spent on water supply, overhead water reservoirs, development of water source with underground RCC tank, etc.
Similarly, a total of Rs 108 million would be spent on the provision of Sui gas, Rs 72 million on provision of telephone facility, Rs 72 million would be spent on the construction of a boundary wall with fence and gate etc.
The project is to be developed on no-profit no-loss basis. The amount of allocation will be reimbursed on collection of funds from the allottees.
According to economic benefits, the development of housing schemes will help create job opportunities and business activities. It will also help poverty alleviation. The land area on which housing scheme would be developed is presently a barren price of land. With the development of housing scheme, the environment of area would be improved by tree plantation and various types of environment-related benefits would be given to general public.
The project is divided into two phases. Phase-1 for those who still have some time to retire beyond six years and onwards. This would be a long-term phase. The phase-I of scheme is to be commenced anytime soon. In phases, the scheme would cover the members who are due to retire between January 2008 and December 2013. The scheme is proposed to cater officers of BS-20 to 22.