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Islamabad: Work on CDA’s first joint venture, MPCHS, resumes as confusion is over
11-16-2009, 07:19 AM
Post: #1
Islamabad: Work on CDA’s first joint venture, MPCHS, resumes as confusion is over
The construction work on first ever joint venture of Capital Development Authority with a private firm in northern strip of sector E-11 has resumed that was suspended by the ‘overactive’ authority about a couple of months ago, misinterpreting an apex court ruling.

“The contractor has been asked to resume work after the Supreme Court said repeatedly that it never ordered to suspend the construction activity. Above 40 per cent development work was already completed and rest would take another couple of months to complete,” said the official.

He said a Supreme Court bench headed by Chief Justice Iftikhar Mohammed Chaudhry, hearing the suo moto, never ordered to halt the construction work, but it was ascertaining if there is any irregularity in the award of contract to the Multi Professional Cooperative Housing Society.

The CDA had signed a first ever public private partnership project with the MPCHS and basic purpose was to get the land vacated from the adverse position of locals those could not be tackled by the authority. But meanwhile, the Supreme Court took suo moto following a report alleging that the contract was not signed transparently.

Work on the project was initiated last year. The private partner was supposed to vacate the land and develop it at the cost of Rs190 million.

As per agreement, both parties would share plots, under 43/57 formula, to be created after the vacation of area stretching to 54 acres and 20.52 acres and 15.46 acres have been reserved as saleable area to be acquired by the CDA and MPCHS respectively.

The Authority Board headed by former Chairman Tariq Mehmood Khan had signed the contract with MPCHS in December last year and under the agreement the private partner had also got vacated 432 kanals after paying compensation to 900 land owners. The contract to construct roads and other infrastructure and division of plots was awarded to M/s M. Ayub and Brothers in July and a consultant was also hired to conduct a survey of the scheme to finalize the engineering design of the project.

http://www.thenews.com.pk/daily_detail.asp?id=208827
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Islamabad: Work on CDA’s first joint venture, MPCHS, resumes as confusion is over - Naveed Yaseen - 11-16-2009 07:19 AM

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