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LDA Completes Ist Phase of Opening of Tenders for the Construction of 4,000 Apartments

-- China Road and Bridge Corporation has submitted its unsolicited offer for developing the Sapphire bay Zone- 3 sizing 2,300 acres

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LAHORE– The first phase of opening of tenders for construction of 4,000 apartments under LDA City Naya Pakistan Apartments project was completed on Saturday.

Punjab cabinet has already accorded approval of the procedure for allotment of these apartments besides giving a go ahead for an agreement with the Bank of Punjab for financing the construction.

The price of a 650 sq ft flat will be around Rs 2.7 million which could be booked on 10% down payment. The remaining cost will be paid in easy installments which will start after taking over possession of the constructed unit.

Six contractor companies filed their bids for building another 256 apartments under package four of phase-1 on Saturday. Four tenders were opened for construction of two blocks in  each case.  A total of 32 apartments will be constructed in every block.

Earlier, two tenders for construction of 960 apartments were opened on February 10, three tenders for construction of 768 apartments were opened on February 13 and another three tenders for construction of 384 apartments were opened on February 17.

The opening of tenders had been supervised by Engineer Amir Riaz Qureshi, Technical Member, LDA Governing Body. Chief Engineer Abdul Razzaq, Director Finance Muhammad Akhtar and Director Audit Javed  Akhtar and other concerned officers also remained present on the occasion. The technical bids of these companies have been opened while the financial bids will be opened after the evaluation of the technical bids.

Speaking on the occasion, Engineer Amir Riaz Qureshi said that LDA Vice Chairman SM Imran was personally overseeing the LDA City New Pakistan Apartments project. In the first phase, work to build 4,000 apartments will begin this month. The project will be worked on in a transparent manner and all resources will be used to complete it expeditiously, he added.

China Road and Bridge Corporation offer

China Road and Bridge Corporation has submitted their unsolicited offer for developing the Sapphire bay, Zone- 3 sizing 2,300 acres.

The company wrote a letter to Mr Imran Ameen Chief Executive Officer Ravi Urban Development Authority,

In this letter China Gm Company ask CEO RUDA the Company wants to participating in the RUDA Development project. Chinese company (CRBC) has been interested in the Ravi Urban Development Project from outset and had also prepared the feasibility report of the project in early 2014.

They have expressed their strong commitment to make this project a masterpiece of construction whilst expecting a quick response from RUDA on this offer.

Land recovered from grabbers

On the direction by the Director General, Lahore Development Authority, Ahmed Aziz Tarar,  staff of the Estate Management Directorate, Quaid-e-Azam Town, retrieved 26 kanals commercial land, situated in Civic Center Township, form illegal occupants on Saturday.

A massive operation had been launched for reclaiming this precious land worth billions of rupees. Illegal concrete constructions had been done on plot No. 9 to 14 Civic Center. Makeshift huts and shanties had also been made for occupying the state lands. An FIR had also been got registered against the illegal occupants.— PRESS RELEASE