2 Chinese companies, RUDA sign MoUs for investment in projects.

LAHORE -- Two Chinese companies and the Ravi Urban Development Authority (RUDA) Saturday signed the memorandums of understanding (MoUs) for multi-billion dollar investment in the project.

Briefing the media about the details, SM Imran, a spokesperson for RUDA, said that international investors and companies had expressed interest in the initiative, which had been declared as the national project by Prime Minister Imran Khan.

He said that the companies signing the MoUs included China Road and Bridging Company (CRBC), a member company of 4C conglomerate from China, and Gezhouba Group Company Limited (CGGC), the largest hydropower developer company in Pakistan from China.

He said that separate delegations of both Chinese companies visited RUDA headquarters, where they were briefed on the importance and scale of the mega city endeavour by Chairman and Chief Executive Officer (CEO) Rashid Aziz, along with his team.

He said that the CRBC signed an MoU for an investment of over $5 billion in...