CBD Lahore to attract Rs100bn investment: PM

16 Dec, 2021

ISLAMABAD: Prime Minister Imran Khan on Wednesday was informed that Rs100billion investment is expected in Central Business District (CBD) in the first year.

While chairing a meeting regarding Ravi Urban Development Authority (RUDA) and Central Business District (CBD) projects being constructed in Lahore, the Prime Minister said that green urbanization will help in reducing the adverse impacts of pollution and these models should be replicated in other cities of the country. The Prime Minister stated that development of green spaces in new plans and preservation in existing urban areas is necessary for mitigating impacts of pollution including smog.

He directed Punjab government to take strict legal action against elements involved in illegal encroachments and illegal housing societies. He also directed to expedite process of lands’ transfer for RUDA and CBD projects.

The Prime Minister also emphasized that urban development projects are being initiated for attracting investments and should not be criticized and hindered for political reasons. He highlighted that these projects are for improving the socio-economic conditions of common man. Earlier, the meeting was apprised that physical work on both RUDA and CBD projects is in full swing and land acquisition process is near completion.

The meeting was informed that 1,900 low cost housing units are included in the master plan of Ravi Urban Development scheme.

The meeting was attended by Minister Information Fawad Ahmed, Advisor Finance Shaukat Tarin, SAPM Dr Shehbaz Gill, Chairman Naya Pakistan Housing & Development Authority Lt. Gen. (R) Anwar Ali Haider, Chief Secretary Punjab and senior officials.

Copyright Business Recorder, 2021

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