CDA issues letter of acceptance for three major development projects.

Byline: Kashif Abbasi

ISLAMABAD -- The Capital Development Authority (CDA) have issued a letter of acceptance to a Karachi-based construction firm that recently won contracts for three major development projects.

Prime Minister Imran Khan will likely formally inaugurate all three projects, the Rawal Dam interchange, expansion of Korang Bridge and the P.W.D. underpass, online today (Thursday).

A senior CDA officer said: 'We are all set to give a presentation to Prime Minister Imran Khan on Thursday about the three projects. Our presentation is part of the prime minister's schedule, [and he will] likely inaugurate the projects online.'

The contracts for the projects were won by a joint venture involving Maqbool Associates, which is developing the Zero Point interchange, and Calson.

A joint venture submitted the lowest bids for the Rawal Dam interchange, Korang Bridge expansion and P.W.D. underpass

For the Rawal Dam interchange, which is a directional interchange with an underpass and overpass, the CDA received its lowest bid of approximately Rs1.2 billion - 11pc less than the estimated cost - from the joint venture.

The project will be executed using the authority's own funding and will be built on the junction of Murree Road and Park Road known as Rawal Dam Chowk. Traffic has become routine at this intersection because of the increase in population around Park Road as well as the number of educational institutions, government offices and housing developments established there.

CDA spokesperson Mazhar Hussain said this project was 'the need of the hour' adding: 'We are hopeful that after construction on this project is complete, traffic congestion will come to an end.'

He confirmed that a bid acceptance letter for all three projects have been issued to the successful bidder.

The other two projects - the Korang Bridge expansion and construction of the P.W.D. underpass, will be carried out on the...