Asian Development Bank will provide Rs 4.5 billion as soft loan for "Waste to Energy Project" of Capital Development Authority. Total project cost is estimated at Rs six billion. During a press conference, Chairman CDA Engr. Farkhand Iqbal said that ADB will provide 75 percent financing to this project, while CDA will generate the 25 percent by cutting its non-development budget.
He said that PC-1 of this project has been sent to the Cabinet for approval and soon after receiving green signal from the Cabinet ADB would start disbursing the amount pledged for this project. He said that CDA will return the ADB loan by cutting its expenses through reducing its non-development expenditures. He said that with the installation of this project the waste of the capital city will be managed on modern lines and additionally will generate 15 to 18 Megawatt (MW). He said that the monthly electricity bill for streets lighting of about Rs 120 million has become a major financial issue for CDA which is why CDA is replacing LED street lights with traditional street lights to solve this financial issue on a long term basis. He said that with the installation of LED lights CDA can save on electricity.
Maintenance staff of the traditional street lights will be reduced by 25 percent after the installation of LED lights in Islamabad, he claimed and added that India has already successfully installed LED lights which are more durable and more reliable than the traditional street lights.
Engr. Farkhand Iqbal said that Blue Area will be extended to Sector F-10 due to its importance for the business community. He said that State of Art building and Shopping Malls will be built in blue area to make it more attractive for the local and international business community. He said that CDA will take serious notice of encroachment in markets and is developing a complete and long term plan to reduce the encroachments in the markets and for this purpose negotiations with the Markets Associations and Islamabad Camber of Commerce are underway.
While commenting on the non-availability of water to Sector G-10 and I-10 the chairman said that CDA is planning to link a main pipeline with Tarbela Dam. He said that CDA is also planning repair the damaged water supply network through which the problem of leakage in the old water supply network will be solved. He said that the authority will computerise all land and other records in order to minimise corruption and revealed that CDA has allotted land to traders of Aabara for car parking as parking is a serious problem in Aabara. He said that CDA will start development project in Park Enclave by the start of this month, while on the other hand the development work in Sectors of E-12, D-12, D-14, D-15 and D-16 will start as soon as possible.
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