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Islamabad Margalla Avenue Property GupShup

about 4 years ago
Pak to build twin capital across Margalla Hills
2013-09-12 09:45:47.450 GMT

From Snehesh Alex Philip
Sept. 12 (PTI) -- Pakistan is planning an ambitious USD 12-
billion project that includes building a twin capital city
across the scenic Margalla Hills and connecting it with
Islamabad through a tunnel, a media report said today.
The project is being implemented on the directions of Prime
Minister Nawaz Sharif and the Capital Development Authority is
working hard at it, The News daily reported.
Quoting sources, the report said the construction of two
ring roads between Rawalpindi-Islamabad and a new airport at
Rawat, Rawalpindi, are also part of this mega project which, as
soon as finalised, would be announced by the Prime Minister
The CDA's campaign to acquire 25,000 acres of land for the
establishment of an Economic Zone and Multipurpose Zone, is also
part of the same mega project.
The chairman of CDA had been asked by the prime minister to
work on the project on a war footing to ensure it materialises
at the earliest, the report said.
Talking about the salient features of the project, it said
there was a proposal to build a new Islamabad across the
Margalla Hills and then connect both the new Islamabad and the
old Islamabad through a tunnel.
The Islamabad Highway starting from the Blue Area to Rawat
would be widened to eight to 10 lanes with commercial
multistoreyed buildings on both sides on the lines of Dubai's
Shaikh Zayed Road.
A new international airport will be built at Rawat and it
would also be connected with the Lahore-Islamabad Motorway.
The sources said that the government expects to earn
billions of dollars by offering commercial plots on both sides
of the proposed widened Islamabad Highway, which would serve as
key economic and multipurpose zone.
Similarly, it is expected that the new Islamabad plots
would also earn billions of dollars.
The sources said that foreign investors, particularly
overseas Pakistanis, would be invited to invest in the project,
the report said.
The project would be implemented through a limited company -
Pakistan Avenue Development Company - recently approved by the
CDA Board. PTI SAP KUN 09121513

Source: Bloomberg / PTI
about 5 years ago
Construction of Margalla Avenue started from both sides .Likely to complete in shortest time using all resources. Declared top most priority project by of CDA.