CDA budget today.

ISLAMABAD -- The Capital Development Authority (CDA) is going to pass record budget today (Wednesday) with total outlay of Rs49 billion for 2020-21.

Funds will be allocated for several mega projects including development of a new residential sector (Park Enclave-III), construction of flats in sector I-9 to shift slum dewellers of sector F-6 and F-7, construction of 7th Avenue interchange near Aabpara and rehabilitation of IJP Road.

Sources said that CDA board headed by Chairman Amer Ali Ahmed will approve budget in its meeting slated to be held on Wednesday.

Chairman CDA told Dawn said upcoming fisal year is meant for development and residents of Islambad will see massive development activities in the city.

Last fiscal year CDA had passed Rs27 billion budget.

Sources said that Rs12 billion has been earmarked for operations and salaries while Rs24 billion for 65 development projects.

Whereas, additional Rs 1.5 billion for land compensation to people whose land had been acquired in sector H-16 and I-17 years ago by CDA but their compensation amount worth...