Lahore Development Authority (LDA)'s Governing Body has on Tuesday approved Rs 33.54 billion of annual budget of the Authority and its subordinate agencies, WASA and TEPA, for the Fiscal Year 2014-15. Total resources of LDA, WASA and TEPA have been estimated as Rs 33.54 billion out of which Rs 22 billion have been earmarked for development works.
LDA Vice Chairman Khawaja Ahmad Hassan chaired the budget meeting of LDA, which was attended by members of provincial Assembly, including Bao Muhammad Akhtar from Lahore, Arif Khan Sandheela from Sheikupura and Rana Muhammad Arshad from Nankan Sahib, LDA Director General Ahad Khan Cheema, WASA Managing Director Chaudhry Naseer Ahmad, LDA Additional Director General (HQ) Amina Munir, Chief Engineer TEPA Saif Ur Rehman, LDA Chief Engineer Asrar Saeed, LDA Director Finance Zaheer Asghar Rana, and representatives of the provincial local government, housing, P&D and finance departments as well as of Commissioner Lahore Division.
Total resources of LDA (UD Wing) during the Fiscal Year 2014-15 have been estimated at Rs 13.32 billion against the expected expenditures of Rs 13.21 billion. This amount will also include development expenditure of Rs 11.19 billion. An amount of Rs 1.93 billion will be spent for development works in LDA housing Schemes. An expenditure of Rs 1.67 billion will be incurred on running development schemes. A total of Rs 4.16 billion has been allocated for kicking off new projects in the provincial metropolis, including Rs 2.94 billion for total funding of new projects and Rs 1.16 billion for LDA's contribution in Public Private Participation (PPP) projects.
Construction of 'Missing links of Structure Plan Roads' will cost Rs 700 million. Improvement and rehabilitation of the carriage way Southern Bypass from Thokar Niaz Baig to Ameer Chowk, Lahore, will be carried out at a cost of Rs 140 million. Project for construction of signal free corridors on Jail Road, Shahrah-e-Quaid-e-Azam and Main Boulevard, Gulberg, will be executed with a sum of Rs 1.5 billion. Construction of pedestrian bridges at signal free corridors will cost Rs 150 million. A sum of Rs 150 million will be spent on construction of two lane dual carriage way from Ferozepur Road to Jinnah Flyover along railway track. An amount of Rs 200 million has been earmarked for priority works in the new budget.
For development schemes under PPP mode, a sum of Rs 1.16 billion has been allocated. An amount of Rs 500 million has been reserved as LDA's share for construction of Hussain Chowk Flyover on cost sharing basis, Rs 360 million for Defence Road flyover, Rs 100 million for Sharaqpur bypass, Rs 100 million for Kalashah Kaku Expressway and another Rs 100 for southern bypass. Other development schemes will cost Rs 1.38 billion. A sum of Rs 1.22 billion will be spent on dualization of road from LOS to Multan Road. Restoration of LDA Plaza, on Egerton Road, up to 6th floor will cost Rs 240 million.
TEPA will have a total of Rs 6.16 billion at its disposal whereas its expenditure has been estimated as Rs 5.43 billion, including development works costing Rs 5.16 billion. Link connecting Motorway at Shahpur Kanjra to Raiwind Road and Khayaban-e-Jinnah will be constructed at a cost of Rs 1.22 billion. Construction of Kasur bypass connecting Ferozepur Road to Depalpur Road will be executed with a sum of Rs 890 million. Construction of Kasur Sports Complex will cost Rs 270 million. Construction of hockey stadiums at Sheikhupura as well as at Nanka Sahib will cost Rs 147 million each. A total of Rs 6.3 million will be spent on other ongoing projects.