Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Road construction: ‘Private investment too expensive’
03-06-2014, 12:09 PM
Post: #1
Road construction: ‘Private investment too expensive’
Road construction: ‘Private investment too expensive’

LAHORE:
The Lahore Ring Road Authority sent a letter to the Planning and Development Department last week to call a steering committee meeting to cancel bids for the construction of three loops of Lahore Ring Road in Private-Public Partnership mode due to its high cost.
The authority will also move a summary for approval to the government for land acquisition and construction of the southern loop package one, which covers a stretch of 8.5km.
The bids had been dropped on the recommendation of two committees formed by the government in December. They concluded that the PPP mode was too expensive and suggested the government look for other means of construction.
China Works and Frontier Workers Organisation had submitted their technical and financial bids on September 30.
FWO had demanded Rs13.4bn in annuity and China Works Rs16.2bn. The authority would have had to pay Rs13.4bn annually for 15 years after the completion of the project.
Published in The Express Tribune, March 5th, 2014.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  LWMC has Launched an Operation to make Mall Road a Model road of the City LRE-Azan 0 216 08-09-2018 06:35 PM
Last Post: LRE-Azan
  Construction of 3 packages of Ring Road approved Salman 0 3,693 04-27-2015 01:41 PM
Last Post: Salman
  LDA seals offices of 5 private housing schemes in Lahore Salman 0 3,070 03-27-2014 07:52 PM
Last Post: Salman
  Records Of Private Housing Schemes Submitted To LDA Salman 0 4,069 03-19-2014 02:53 PM
Last Post: Salman
  LDA Notice for Private Housing Schemes in Lahore Division Salman 0 4,016 03-14-2014 05:52 PM
Last Post: Salman
  Khaira Distributory Road that links Package 17 of Ring Road to Ferozepur Road Salman 0 6,869 11-30-2013 12:48 PM
Last Post: Salman
  Lahore Ring Road Update : FWO to win Southern Loop construction contract Salman 0 17,006 11-05-2013 02:09 PM
Last Post: Salman
  Construction of dual carriageway link road Salman 0 7,510 10-14-2013 04:11 PM
Last Post: Salman
  Road From LOS To Multan Road, Construction Work On The Go Salman 0 10,046 09-23-2013 03:18 PM
Last Post: Salman
  Pakistan floats tender for major road construction Salman 0 6,449 09-02-2013 12:48 PM
Last Post: Salman
  Cash-strapped CDA wants private investors Salman 0 1,791 05-29-2013 11:46 AM
Last Post: Salman
  FGEHF steps outside its mandate: Private developers engaged to construct apartments Salman 0 2,191 05-16-2013 03:51 PM
Last Post: Salman
  Private housing scheme emerges on Margallas Salman 0 1,834 05-04-2013 05:30 PM
Last Post: Salman
  New LDA wing to monitor private housing societies Salman 0 1,862 12-21-2012 01:51 PM
Last Post: Salman
  Private firm to take over Pindi’s sanitation services Salman 0 2,018 11-02-2012 04:51 PM
Last Post: Salman
  6th Road fly-over construction leads to traffic jam Salman 0 2,874 09-22-2012 05:10 PM
Last Post: Salman
  LDA takes over mortgaged plots in 18 private housing schemes Salman 0 13,998 06-20-2012 04:05 PM
Last Post: Salman
  Legislation needed to regulate private housing schemes Salman 0 1,703 06-05-2012 12:42 PM
Last Post: Salman
  LDA to widen road from Allama Iqbal Town to Multan Road Salman 0 5,594 05-29-2012 03:06 PM
Last Post: Salman
  CDA to launch schemes in private partnership Salman 0 1,833 05-24-2012 01:54 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)