Rawalpindi: Chairman of the Rawalpindi Development Authority (RDA), Tariq Mahmood Murtaza, said on Sunday that the municipal body received Rs2 billion in the current fiscal year as a result of the ease of doing business policy, which boosted construction industry activity.
He claimed that the RDA’s ease of doing business policy had provided incentives to the building industry. In the last three years, this has expanded commercial operations in the construction industry by Rs71 billion, he noted.
He said that the RDA was now operating as a business-friendly regulatory agency. He said that in 2020-21, Rs51 billion in business operations will be generated, followed by Rs6.5 billion in 2018-19 and Rs12.5 billion in 2019-20.
The building plan cost per square foot is charged to the construction industry, he added. Mr Murtaza stated that the RDA is now working on four major projects: Ammar Chowk, Kutchery Chowk, Defence Chowk, and the Leh Nullah Expressway.
He explained that the decision to start these projects one after the other was made to ensure that traffic flow on these highways was not disrupted. He added that the RDA was also working on a scheme to develop 476 kanals of three-story structures on one kanal apiece.
The RDA is planning to launch its own housing programme soon. A municipal consultant will finish the investigation and submit a report by September 30 in order to build model towns in the city’s 26 union councils’ slum regions.