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LDA Requests Funds for Completion of Mega Development Projects

Lahore: The Lahore Development Authority (LDA) has reportedly requested the urgent release of PKR 7.96 billion in order to complete six ongoing development projects in the current fiscal year. In this context, LDA Chief Engineer (II) Mazhar Hussain Khan has given the provincial housing department a request for cash.

The LDA has requested funding for the Sheranwala Gate Flyover, the Samanabad Mor Underpass, the rehabilitation of Babu Sabu side roads, the Gulab Devi Underpass, the Shahkam Flyover Project, and the recently approved project in Saggian, according to the given information. Here are the details:

  1. LDA has sought PKR 736.5 million for the completion of the Gulab Devi Underpass project. 
  2. A total of PKR 223.7 million has been requested to rebuild roads near the Babu Sabu Interchange. To date, just PKR 500 million of the budgeted PKR 1.71 billion have been issued.

Read: 10 Factors Affecting Real Estate Market

  1. Out of the total authorized funds of PKR 4.23 billion, the Shahkam Flyover project has requested PKR 1.23 billion. The government has only allocated 1 billion PKR thus far.
  2. 1 billion PKR has been sought from the total budgeted amount of 1 billion PKR. 13,64 billion dollars for the Samanabad Mor tunnel
  3. To finish the Sheranwala Gate Flyover with the entire authorized funding of PKR 4.90 billion, PKR 1.90 billion is requested.
  4. For the recently proposed Saggian Project, a total of PKR 2.80 billion is required.

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