Rawalpindi: According to news reports, the Provincial Development Working Party (PDWP) authorised the PKR 24 billion Project Concept-1 (PC-1) of the Rawalpindi Ring Road project on Tuesday (October 26).
Read More: Rawalpindi Ring Road: Project Rs. 30.5 million recovered from landowners
The 38.3-kilometer triple-lane dual highway project will begin at the Banth to Thalian Interchange on National Highway 5 (N5), Grand Trunk Road. In addition, five interchanges would be built along the whole circle of the project at Chakbeli Road, Adiala Road, and Chakri Road, according to reports.
Commissioner Rawalpindi Division Syed Gulzar Hussain Shah told the media that the project is moving along quickly. The disbursement of PKR 24 billion would boost the economy even further.
Read More: Punjab government to fund Rawalpindi Ring Road project
The Punjab Planning and Development Board (PPDB) recently approved the project’s land acquisition. Land acquisition will cost PKR 6.1 billion under the updated PC-1. The project had previously been suspended due to suspicions of theft of finances and the land purchase procedure.
Stay tuned with Tajarat Property for more updates or information about the top-notch real estate projects like Blue World City or Blue World City Islamabad.