“Urban development through modern real estate projects like Ravi Urban Development Aurhority (RUDA), Central Business District (CBD) Walton and Nullah Lai Expressway are Government’s flagship initiatives and should be put on fast track for early completion”, said Prime Minister Imran Khan while chairing a review meeting on RUDA and CBD.
“It is for the first time in our history that dead capital in the form of unutilised public land is being converted into valuable asset for wealth creation through these innovative projects. These projects will not only provide employment opportunities but will also cater to the needs of growing unban population”, he added.
Earlier the Prime Minister was briefed that CBD has planned revenue generation through the auction of 07 mix use commercial plots in Lahore Downtown; the construction of Burj Al-Jinah, Pakistan’s tallest skyscraper; the construction of two premium residential towers and a 500 bed hospital at Bab-e-Pakistan; the construction of CBD Square and Walton Road Flyover; and the construction of Classic Aviation Museum for legacy retention of Walton Airport.
Moreover, developmental work is in top gear on Ravi River Waterfront Development, establishment of Industrial Estate; and the development of Saphire Bay and Ravi Chahar Bagh Society.
The Prime Minister was also apprised that an effective awareness campaign through media has been launched to fetch maximum revenue through local and foreign investment in these landmark projects.
The Prime Minister directed the authorities concerned to clear all legal hiccups at the earliest to attract as many investors as possible.
The meeting was attended by Finance Ministe Shaukat Fayyaz Tarin, information Minister Ch Fawad Hussain SAPM on Political Communication Dr Shehbaz Gill, Chairman Naya Pakistan Housing & Development Authority (NAPHDA) Lt Gen Anwar Ali Haider (Retd) and senior officers concerned.
Punjab Housing Minister Malik Asad Khokhar, Punjab Local Govt Minister Mian Mehmood ur Rasheed, Advisor to CM Punjab Dr Salman Shah Spokesperson to CM Punjab Hassan Khawar, CEO Ravi Urban Development Aurhority (RUDA) Imran Amin and other senior officers from Punjab joined the meeting via video link.