What's new

Plan to seek massive investment in development of Islamabad

Edevelop

ELITE MEMBER
Joined
Feb 2, 2007
Messages
14,735
Reaction score
23
Country
Pakistan
Location
Turkey
Islamabad—After failing to develop Islamabad as metropolitan city on international standards, the new government has initiated steps to attract huge investment from within and abroad to complete its mega projects including housing units, water supply systems and infrastructure development.

New chairman of civic body Nadeem Hassan Arif, taking direct instructions from Prime Minister Nawaz Sharif has taken up the challenge of building the tattered city on Dubai model.

With rampant corruption sneaking into every layer of CDA administration, the new Chairman has initiated drastic steps to rid the civic body of corruption and restructuring it on modern lines to take up the task. The fund-starved body is bogged down to complete its mega projects with no hope of generating enough funds from the existing system. Development of seven sectors, Kashmir and Margallah Roads, mega water supply schemes, upgrading sewerage and water distribution systems and entertainment parks and points are in shambles due to want of necessary funds.

On assuming the charge, the Chairman has moved a summary to the Cabinet for making amendments in CDA 1960 ordinance to pave the way for inflow of massive investment from private sector in Islamabad.

A CDA source said the new investment is not only expected from within the country but several foreign companies from China, Turkey and Middle East have also shown interest in building infrastructure and mass-transit system. The seven stalled sectors, new sectors, constructing housing units, fly-overs, underpasses, avenues water supply schemes and construction of high rise buildings will be taken up in joint ventures now.

A long commercial corridor from Faizabad to Rawat will also be developed under the new rules of game. The amendments in CDA Ordinance will pave the way for all these activities, a CDA source said. Islamabad is the only Capital city of the world which could not flourish despite its beautiful landscape. Only 26 sectors were developed in fifty years instead of 56. There is shortfall of over fifty thousand housing units. It has been facing ever increasing scarcity of water for the last forty years.

The situation further deteriorated when the city swelled to unplanned manner outside the sectoral areas with land mafia exploiting lower and middle classes of this city. There is mushroom growth in Bani-Gala, Barakahu and Chak Shahzad areas. Right from I-9 to 1-16 sectors, G-12 and further, the same story is repeated.
The national capital has transformed into shanties, ghettos and slums, an old citizen of this city told this scribe.
With the new arrangement, the city is expected to get massive investment from private sector, a CDA source told this scribe.

Plan to seek massive investment in development of Islamabad
 
With rampant corruption sneaking into every layer of CDA administration, the new Chairman has initiated drastic steps to rid the civic body of corruption and restructuring it on modern lines to take up the task.
Can we borrow him to clean up our corruption ridden system too? :rolleyes:
 
they arent making the i15 sector ..making the poor suffer
 

Latest posts

Pakistan Affairs Latest Posts

Back
Top Bottom