| Islamabad: The federal government has approved the establishment of the Pakistan Infrastructure Development and Asset Management Authority (PIDMA) to enhance infrastructure development and asset management. The news was reported by a source on October 21.
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As per details, this new authority will oversee critical projects, including motorways and national highways, while also creating a comprehensive data bank for government assets. Transitioning all personnel and assets from the dissolved Public Works Department (PWD) to PIDMA aims to streamline operations for federal initiatives, such as those by the Housing and Development Authority (HDA) and the National Highway Authority (NHA). PIDMA will ensure the timely execution of infrastructure projects, including bridges and government buildings, and will actively seek partnerships with the private sector to leverage their expertise and resources.
One of PIDMA’s primary objectives is to establish a detailed data bank that catalogs government properties, land, buildings, machinery, and equipment, which will enhance transparency in asset management. The authority will be governed by an 8-member board chaired by the secretary of the relevant ministry, with a Chief Executive Officer (CEO) appointed for three years to oversee its operations.
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Initially funded by the federal government, PIDMA is expected to generate its own revenue through licensing and registration fees in the future. By centralizing the management of development projects and assets, PIDMA is set to improve the efficiency of infrastructure initiatives across the nation, reflecting the government’s commitment to fostering economic growth and contributing to national development. |
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