The Capital Development Authority (CDA) on Monday announced Rs 37.69 billion budget for financial year 2015-2016, which is 18 percent less than the current financial year budget 2014-15. A senior official of CDA while quoting the budget document said that CDA will generate Rs 35.07 billion from its own sources, Rs 1944.85 from Public Sector Development Projects (PSDP) and Rs 2.062 billion of federal government grant for the maintenance of President and Prime Minister Houses, Pak Secretariat, Parliament House, Parliament Lodges and other official buildings.
CDA resources include Rs 20.66 billion from self-financing through disposal of residential and commercial plots through auction and Rs 14.407 billion from revenue departments that include property and other taxes. In the CDA's budget an amount of Rs 21.09 billion has been earmarked for development projects, which is 56 percent of the total budget while Rs 16.60 billion has been allocated for non development-expenditure which 44 percent of the total budget. The official said that approved by CDA's board, chaired by the chairman Maroof Afazal and comprising 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.
He said that the CDA allocated Rs 10,162.70 million for improvement of Islamabad Expressway from Zero Point to Rawat, Rs 500.00 million for construction of Margalla Roads (Phase-II), Rs 700.00million for Development of Park Enclave, Rs 500.00 million for up-gradation of 7th Avenue, Rs 300.00 million for the development of sector I-15, while Rs 300.00 million each would be spent on the development of sector D-12 and construction of road infrastructure in sector E-12. RS260.00 million have been allocated for construction of two under passes on Faisal Avenue in Sector G-7/G-8 and Sector F-7/F-8 and Rs 150.00 million has been allocated for construction of state of the art slaughter house in the capital city. The authority allocated Rs 500.00 million for the development sector I-12 while Rs 200.00 million has been allocated for the development of Markaz D-12 in the fiscal year budget 2015-16.
As many as Rs 100.00 million have been allocated for the construction of service roads, vehicular roads and Railway crossing bridges at University road in I-12, Rs 100.00 million has been set aside for construction of roads in E-12/2 while Rs 100 million have also been allocated for the construction of multi level car parking plaza at F-10 markaz. Furthermore, Rs 150.00 million has been allocated for up gradation of existing blocks and construction of additional block in CDA hospital.
According to the statement issued by CDA's spokesman CDA chairman while announcing budget said that in the budget 2015-16 focus has also been laid on acquisition of land and Rs 1,200.00 million has been proposed for 'Land Acquisition / Effectees payment, development of new sectors to provide opportunities for new housing facilities to the people and to improve road infrastructure of Islamabad. 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 50.00 million has been allocated for development / up-gradation work in developed sectors of Islamabad. In addition development work is being carried out as a special package for which tender has already been floated", he said.
Afzal said that Rs 400.00 million has been allocated for development of three new Sectors C-13, C-14 and C-15 Rs 200.00 million have been allocated for the development of Kuri model village and Rs 60.00 million has been allocated for establishment of public facilitation center, he said. He said that CDA is heading towards financial stability and good governance. He said that all development projects would be completed timely during the fiscal year 2015-16.
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