Lahore July 30 (Online Int’l): The Governing Body of Lahore Development Authority approved annual budget of LDA and its subordinate agencies, WASA and TEPA, for the fiscal year 2020-21.
Total resources of LDA (U.D Wing), WASA and TEPA have been estimated as Rs. 58.61 billion out of which Rs. 32.45 billion have been earmarked for development works.
Vice Chairman LDA S.M. Imran presided the meeting of governing body which was attended by Members of Provincial Assembly Sadia Sohail Rana, Malik Mukhtar Ahmad and Muhammad Atif. Other members of Governing Body Vice Chairman, WASA, Sheikh Imtiaz Mahmood, Major Rtd. Syed Burhan Ali, Engineer Amir Qureshi, Director General LDA Ahmad Aziz Tarar, Managing Director WASA Syed Zahid Aziz as well as representatives of P&D, Housing, Local Government, Finance Department and Commissioner Lahore also participated in the meeting.
Total resources of LDA (UD Wing) during the fiscal year 2020-21 have been estimated at Rs. 39.52 billion while development expenditure during this period will be Rs. 25.87 billion.
This development expenditure includes (i) Rs. 17.52 billion through LDA’s own sources and (ii) Rs. 8.34 billion to be provided by the Punjab Government for executing various development projects under Annual Development Programme and deposit works.
An amount of Rs. 8.74 billion has been allocated through LDA’s own sources for carrying out development works in LDA housing Schemes. This includes Rs. 400 million for LDA Avenue-I, Rs. 35 million for construction of road network, water supply and sewerage in Finance & Trade Centre, Johar Town, Rs. 8.16 billion for LDA City, and Rs. 90 million as lumpsum provision for development projects in different LDA housing schemes.
A sum of Rs. 3.43 billion has been allocated for construction of different buildings. This amount includes Rs. two billion for construction of apartments for government employees in LDA City, Rs. one billion for construction of apartments in districts of Sheikupura, Nankana Sahib and Kasur, Rs. 50 million for additional construction work at Park & Shop Plaza, Moon Market, Allama Iqbal Town, Rs. 100 million for construction of apartments in Finance and Trade Centre and another Rs. 100 million for construction of official residences for LDA employees.
A sum of Rs. three billion has been allocated for other development schemes including Rs. 500 million for preparation of Integrated Strategic Master Plan of Lahore, Rs. 150 million for improving Green Cover in Lahore, Rs. 130.62 million for Development and Implementation of Integrated Computerized Systems for LDA, Rs. 100 million for construction of pedestrian bridges at different locations in Lahore city. A sum of Rs. 310 million has been reserved for completing on-going priority works. A sum of Rs. 1.67 billion has been reserved for Area Development Programme.
A sum of Rs. 2.11 billion will be spent for completing on-going development schemes of LDA including Rs. 970 million for construction of underpass at Firdous Market, Rs. 333 million for establishment of Entertainment Park in Johar Town, Rs. 450 million for construction of Walk and Shop Arena Johar Town, Rs. 200 million for construction of missing links of Structure Plan Roads and Rs. 17 million for remodeling of all underpasses on Canal Road.
A sum of Rs. 8.34 billion will be spent on projects being executed under the Annual Development Programme and Deposit Works of Punjab Government. This allocation includes Rs. 80 million for reconstruction of Aik-Moreya Pul near railway station and Rs. 130 million for completing of 11 sports complex in different constituencies of Lahore. A sum of Rs. 7.9 billion has also been allocated for carrying out civil and allied works of Lahore Orange Line Metro Train Project.
WASA will have a total of Rs. 17.98 billion at its disposal whereas its expenditure has been estimated as Rs. 20.81 billion. A sum of Rs. 6.44 billion will be spent on development projects of sewerage and sanitation system. TEPA will have a total of Rs. 1.11 billion at its disposal whereas its expenditure has been estimated as Rs. 438.4 million including development works costing Rs. 138.6 million.
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