Interest from 21 Construction Firms for Margalla Avenue-M1 Link Project

[LRE-Azan]

Interest from 21 Construction Firms for Margalla Avenue-M1 Link Project

Islamabad: On October 30, a news report disclosed that the Capital Development Authority (CDA) has received applications from 21 construction companies vying for the contract to construct the new road linking Margalla Avenue to the Islamabad-Peshawar Motorway (M1).

According to a CDA representative, these 21 applications were submitted within the specified time frame, and the authority is presently in the process of assessing the qualifications of these companies. The next phase involves shortlisting the firms, which will subsequently be provided with the tender documents to present their bids.

This new 5-kilometer section, connecting D-12 to E-11, will create a link between Margalla Avenue, which currently extends from G.T. Road and terminates at D-12. The construction of this segment is ongoing and is anticipated to be completed within the next two months, according to CDA officials.

The proposed 3.4-kilometer road, dividing between Rawalpindi (1.8km) and Islamabad (1.6km), serves as an alternate route for commuters traveling between G.T. Road (N-5) and Islamabad. The road, featuring six lanes, is of strategic significance, as detailed in the CDA's working document.

With a budget of PKR 5.45 billion, the project was approved by the CDA's Development Working Party (DWP) in August. This budget covers development expenses and land acquisition costs. Once initiated, the project is anticipated to reach completion within eight months, in accordance with the project plan (PC-I).

For More Details Visit Pakistan's Most Active Property Forum:
http://www.lahorerealestate.com/ads