Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Reducing cost: Ring Road project under review
09-03-2014, 01:04 PM
Post: #1
Reducing cost: Ring Road project under review
LAHORE:
The Lahore Ring Road Authority (LRRA) is considering dropping several auxiliary projects of Lahore Ring Road to reduce the construction cost of Southern Loop, The Express Tribune has learnt.
Southern Loop 1 from the Defence Housing Authority (where Package 17 of Northern Loop ends) to Ferozepur Road will be 9.35-kilometre-long. Southern Loop Package 2 is from Gajju Mata on Ferozepur Road to Adda Plot. It is 13-Km-long. Southern Loop Package 3 from Adda Plot to Multan Road (Maraka) is eight kilometres long.
LRRA officials said changes in the project design would slash the cost of constructing Southern Loop.
Officials, who spoke to The Express Tribune on condition of anonymity, said China Estate, the construction company, had been trying to get the contract from the LRRA to construct Southern Loop.
China Estate officials met the Lahore commissioner a couple of months ago who is also LRRA chairman. The company offered to construct three loops of Lahore Ring Road for Rs29 billion, they said.
The lowest bid received from a local company (in September 2013) was Rs42 billion.
An LRRA official said China Estate would have to formally bid for the project. He said the decision to call for fresh bids had not been taken yet.
He said the LRRA did not have the authority to award the contract to China Estate. He said the mode of construction, too, was yet to be decided. To reduce the cost of the project, he said the LRRA was considering removing the 30-metre metro corridor.
The official said the authority had also halted the plan to construct service lanes. He said the LRRA had cancelled plans to construct various offices of the authority along Ring Road. It will also not install an Intelligent Transportation System (ITS). He said the LRRA was also considering removing interchanges from less populated areas. Electronic tolling will also be deferred.
The official said the LRRA had earlier decided to construct commercial zones alongside the Southern Loop.
The earlier estimated cost of Rs42 billion included the ITS, a metro corridor and service lanes.
The cost of acquisition land stands at Rs17 billion, down from Rs25 billion.
LLRA Finance Director Shehzad Aziz Khan said the authority had been considering various options to reduce the cost of the project. He said LRRA officials hoped to meet the chief minister soon. He said commercial areas had been given to the LDA as LRRA did not have the right to develop such facilities. He said he was unaware about China Estate offers.
China Estate Contracts Director Omer Daniyal refused to comment.
Published in The Express Tribune, September 3rd, 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
  City Farms Lahore - Barki Road | Prices & Project Overview | Easy Installment Plan Av LRE-Azan 0 108 01-25-2024 02:07 PM
Last Post: LRE-Azan
  NFC Phase 2 Lahore: Exploring New Developments & Ring Road SL-3 Site | Latest Prices LRE-Azan 0 212 12-20-2023 01:23 PM
Last Post: LRE-Azan
  Lahore Smart City's 3.5 Marla Plots - Your Last Opportunity! Market Review LRE-Azan 0 215 10-03-2023 03:45 PM
Last Post: LRE-Azan
  Lahore Smart City Commercial Files Review: Profitable Categories & Price Trends LRE-Azan 0 193 09-27-2023 06:14 PM
Last Post: LRE-Azan
  Whats the Main Attraction for Investment in Farmhouse Near Barki Road and Bedian Road LRE-Azan 0 226 09-07-2023 07:06 PM
Last Post: LRE-Azan
  DHA Multan | What will be the Purpose of Ring Road Inside Blocks Prices & Future Inve LRE-Azan 0 259 08-29-2023 07:07 PM
Last Post: LRE-Azan
  DHA Multan | What will be the Prices, Future and Reviews about Outside the Ring Road LRE-Azan 0 266 08-29-2023 07:07 PM
Last Post: LRE-Azan
  Good News: Bedian Road Underpass Project - Construction Works Started | July 2023 LRE-Azan 0 323 08-01-2023 03:09 PM
Last Post: LRE-Azan
  DHA Lahore Phase 9 Prism K Block: Adjacent to Ring Road Lahore | Prices & Future Pote LRE-Azan 0 291 07-15-2023 03:00 PM
Last Post: LRE-Azan
  RUDA Sapphire Bay Files: Best Low Cost Investment Opportunity in Lahore LRE-Azan 0 362 05-31-2023 06:55 PM
Last Post: LRE-Azan
  Breaking News: For Invester Lahore Smart City GT Road Access Rail Road Underpass Cons LRE-Azan 0 573 01-21-2023 12:19 PM
Last Post: LRE-Azan
  Breaking News: For Invester Lahore Smart City GT Road Access Rail Road Underpass Cons LRE-Azan 0 612 01-21-2023 11:58 AM
Last Post: LRE-Azan
  District one Lahore | A Project of 101 Group Located on Jati Umra Road | Development LRE-Azan 0 942 06-16-2022 06:35 PM
Last Post: LRE-Azan
  Lahore Smart City New Updates | Development on Road Direct Linking with GT Road | Dro LRE-Azan 0 993 02-25-2022 07:10 PM
Last Post: LRE-Azan
  DHA Phase 7 Lahore CCA-5 Commercial Plot Price & Review | Best Opportunity For Invest LRE-Azan 0 2,069 07-16-2020 08:21 PM
Last Post: LRE-Azan
  Agreement for Lahore Ring Road’s SL3 signed LRE-Azan 0 2,123 06-15-2020 02:30 PM
Last Post: LRE-Azan
  Lahore Ring Road Southern Loop (SL-III) Lahore Latest News Update Jan 2020 LRE-Azan 0 2,719 01-03-2020 11:55 PM
Last Post: LRE-Azan
  Lahore Ring Road SL-3 Work Has not Been Started Yet LRE-Azan 0 1,923 10-11-2019 02:00 PM
Last Post: LRE-Azan
  Lahore Ring Road (Southern Loop-III) Project Accorded Approval March 2019 LRE-Azan 0 2,055 03-20-2019 09:26 PM
Last Post: LRE-Azan
  Lahore Ring Road Southern Loop 3 & 4 Approved By CM Punjab LRE Jan 16 2019 LRE-Azan 0 2,680 01-17-2019 03:18 PM
Last Post: LRE-Azan

Forum Jump:


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