CDA Board approves Rs.45,824.87m budget

[Salman]

Islamabad: Capital Development Authority (CDA) Board has approved Rs.45,824.87 million Budget of CDA for the Financial Year 2014-15 in its meeting held here at CDA Headquarters on Friday. The Budget meeting was chaired by Chairman CDA, Mr. Maroof Afzal.

On the occasion, Member Finance, Arbab Sher Bahadur, Member Administration and Estate, Amir Ali Ahmed, Member Environment, Syed Mustafain Kazmi, Member Planning and Design, Waseem Ahmad Khan and Member Engineering, Shahid Sohail were also present in the budget meeting.
The total outlay of spending is estimated at Rs.45,824.87 million for the Financial Year 2014-15, which is 35 percent more than the current Financial Year i.e. 2013-14. Total receipts are estimated at Rs.45,824.87 million, which is 23 percent more than the estimated receipts of current Financial Year 2013-14 budget.

Development budget is estimated as Rs.30,144.16 million, which is 66 percent of the total budget. Non-development expenditure is estimated at Rs.15,680.71 million, which is 34 percent of the total budget.

On the occasion the Chairman CDA said that this budget is development oriented and focus has been given to acquisition of land, development of stalled sectors where development is pending since many years and development of new sectors to provide opportunities for new housing facilities to the people.

He also said that in addition to major development projects focus has also been given to the repair and maintenance of existing infrastructure, play grounds, parks, sewerage system and water supply lines.

Major development priority schemes to be carried out during the current financial year i.e. 2014-15 through CDA sources have been proposed for Rs.5410.00 million such as Rs.1000.00 million for construction of Margalla Roads (Phase-II), Rs.500.00 million for Development of Park Enclave, Rs.500.00 million for up-gradation of 7th Avenue, Rs.350.00 million for construction and development of car parking areas in Federal Capital, Rs.250.00 million for construction of two under passes on Faisal Avenue in Sector G-7/G-8 and Sector F-7/F-8 have been allocated.

During the current financial year Rs.200.00 million has been allocated for construction of semi covered markets in the city, while Rs.100.00 million for construction of Slaughter House in Islamabad.

Chairman CDA said that keeping in view the shortage of residential units for the CDA employees; it has been decided to allocate Rs.100.00 million for construction of apartments for CDA employees, while Rs.100.00 million would be spent on up-gradation of blocks and construction of one new block in the Capital Hospital to facilitate CDA employees with proper health facilities.