Lahore: According to news reports, Special Assistant to the Prime Minister for Political Communication Dr. Shahbaz Gill claimed on Thursday that there are no plans to take out a loan for the Ravi River Urban Development Project.
Unlike past initiatives, Mr. Shahbaz Gill noted that the Ravi Riverfront project does not require the utilization of a loan. I, Shaikh Muhammad Imran, Vice Chairman of the Lahore Development Authority (LDA), and Ravi Urban Development Authority (RUDA) Chairman Imran Amin, both support the plan. The Ravi Riverfront project, according to the special assistant, is Pakistan’s first green city.
According to Special Assistant Shahbaz Gill, the ‘Sapphire Bay’ will be developed by a consortium of 13 companies. Next week, the consortium agreement will be signed. He went on to say that the first phase of the project would include the construction of seven treatment facilities, three barrages, and forestation.
He emphasized that the project will be spread out across 102,000 acres and divided into 29 sections. The project’s main purpose is to address environmental concerns, water scarcity, and uncontrolled population growth.
Shaikh Muhammad Imran, Vice Chairman of the LDA, remarked that the project will address the city’s socioeconomic needs while also providing job opportunities.