| Rawalpindi: The Rawalpindi Ring Road project has undergone a cost revision, with the Punjab government increasing its estimated budget from PKR 32 billion to PKR 39 billion, as noted in a November 30 article.
According to the details, the updated Project Concept-I (PC-I) document will be presented to the Central Development Working Party (CDWP) for approval in its upcoming meeting. Once endorsed, the proposal will proceed to the Executive Committee of the National Economic Council (ECNEC) for final authorisation, enabling the release of additional funding.
Read: Rawalpindi Ring Road: 37% complete, on track for 2025 deadline
PKR 1 billion has been allocated to the project for the current fiscal year. PKR 400 million was disbursed in July, followed by PKR 600 million in November. As stated by an official from the Rawalpindi Development Authority (RDA), the revised PC-I accounts for price fluctuations, with PKR 1.698 billion earmarked for completed works and PKR 1.222 billion designated for price escalations, in line with Planning Commission guidelines.
Construction progress has been notable, with the installation of girders on flyovers marking a significant milestone. Preparations are underway to begin work on the main railway bridge, with design collaboration between NESPAK and Pakistan Railways nearing completion. Spanning 38.3 kilometres, the project will feature five interchanges at Baanth, Chak Baili Khan, Adiala Road, Chakri Road, and Thalian. The six-lane road will be built to support a design speed of 120 km/h and will include an industrial zone.
Read: Shifting wholesale markets to Lahore Ring Road will be permissible: CM Punjab
The Ring Road project is expected to alleviate traffic congestion and enhance connectivity within Rawalpindi, catalyzing regional economic growth.
RDA Director General Kinza Murtaza underscored the importance of adhering to project timelines while maintaining quality standards. She emphasised that the project would significantly enhance regional connectivity, driving development and economic opportunities upon completion. |
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