Govt pushing CDA to complete Expressway project on public-private partnership mode

ISLAMABAD-The federal government instead of allowing Capital Development Authority (CDA) to start widening of Islamabad Expressway with its own resources is insisting to complete the project on public-private partnership mode but at almost four times higher cost.

The original cost of said project was around Rs 10 billion, however, the government wants to complete it with Rs 45 billion on public-private partnership mode. The Planning Commission of Pakistan has included expansion of Islamabad Expressway in Public Sector Development Programme Plus (PSDP-PLUS) with an estimated cost of Rs 45 billion.

The federal government wants to lease out the right of the way of Islamabad Expressway to generate funding to make this project viable. However, the city managers are reluctant to complete this project on public-private partnership mode as they are of the view that the completion of project on such a high cost is not viable option and it should be completed with government funding.

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Started Real estate business as Mariner Property Services in Islamabad after retirement as Merchant Ship Captain 2004. Real estate always fascinated me as myself was investor in Real estate and I am still an investor. I found out that serious investors need a serious, sincere and honest adviser. I do very selected deals free of any doubt

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