Habib Construction Services has won a contract for development work on the remaining three packages of LDA City Phase-I Jinnah Sector at a cost of Rs 3.90 billion.

In this connection, Lahore Development Authority's (LDA) Vice Chairman S M Imran said here on Saturday that the effects of a special package announced by the Prime Minister to encourage the construction industry were beginning to show and the cost of development projects was being significantly reduced.

LDA Director General Ahmed Aziz Tarar expressed satisfaction over the allotment of tenders at low rates for development works at LDA City.