LDA Decides To Self- Finance Mega Development Projects In Lahore

Lahore: According to news reports on December 14, the Lahore Development Authority (LDA) has decided to self-finance all major municipal development projects. Following a reduction in development funds from the Punjab Finance Department for the construction of the Karim Block Underpass due to budgetary restrictions, the authority made the decision to fund the projects.

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The LDA has now set aside PKR 10 billion for the project to relieve traffic congestion at a crucial intersection. The construction of an underpass for traffic traveling from Maulana Shaukat Ali Road to Jedda Chowk is part of the project.

National Engineering Services Pakistan has previously received a feasibility study contract from the LDA (NESPAK). It is vital to note that the Punjab government initially approved the building of the Karim Block Underpass in 2018 with a budget of PKR 14 billion. However, the Punjab Finance Department cut the development fund to PKR 10 billion due to financial restrictions.