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Lahore Real Estate Forum: Property News & Community Talk : ,
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Supreme Court
Monday, June 8, 2015 08:58 AM
Reply:
Refer to attached image...
Only 51 Billion Rupees allocated for Roads infrastructure for the whole province.
What would be for LRR project by Punjab government ? Will it be 100% privately invested/funded ?
Any Thoughts, please share
Regards
Supreme Court
replied on Monday, June 8, 2015 09:42 AM
But who will purchase/compensate the land required? it requires billions... Dont tell me that it is already done :). may be govt purchased partial chunks. but major chunks still needs to b purchased. i dont think this land acquisition to be privately funded.
Supreme Court
replied on Monday, June 8, 2015 09:58 AM
By 30 June i guess all bids must reach to LRRA..
When will be bid opening ? same date ?
And contract award i dont think so will happen very quick. it may takes few weeks or months for LRRA to study and award the winning bidder.
Just my thought. When you are forseeing the work to be started ? By 2015 end ? and will all three packages to be done simultaneously or stage wise??
Supreme Court
replied on Monday, June 8, 2015 10:28 AM
Lets pray for the speedy and quality construction of this wonderful project
Hakim
replied on Monday, June 8, 2015 10:45 AM
@ Shahzad,
Sir Orange line will be majorly funded by Chinese Axim Bank. as far as i have the knowledge. i dont know the exact formula b/w punjab govt and chinese investor.
sunny84
replied on Monday, June 8, 2015 10:51 AM
@Supreme Court, Why dont you use the nick of PM or COAS? They are also available.
Peyo of Sunny 84
replied on Monday, June 8, 2015 11:23 AM
@ Sunny 84
Is this satisfy your need ? Lol
Lahori
replied on Monday, June 8, 2015 11:25 AM
Punjab govt's bid invitation documents clearly mention it will provide the party with 90 meters "right of way" i.e. land acquisition, throughout the 30 km road. Interestingly the ring road plans shared on this site a few days ago showed 120 meters right of way throughout the road. So either those plans were wrong or outdated, or this bid invitation document is incorrect.
Hakim
replied on Monday, June 8, 2015 11:40 AM
@Shahzad,
Brother allocating money in budget doesn't mean that money is in the pocket of CM or punjab govt and they are ready to spend it. Budget indicates projections and predicitions of their incoming revenues, investments or foreign exchange down the coming year...
it actually mean Punjab govt sees that it will be able to arrange that much funds this year and will be able to spend on this project, that way they allocates it to different programs at the start of fiscal year.. this plan is called BUDGET
Its my humble opinion.
Arsalan
replied on Monday, June 8, 2015 01:42 PM
It is being built on BOT Basis..... Build..operate and earn spending and transfer to Punjab Govt...
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