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Prime Minister Imran Khan was told that the Chinese government and companies were keen to invest $ 3 billion in the Ravi City project in Lahore and that the investment did not include any kind of loan.
PM informed that ANGCC – a Global Investment Consortium, had also offered to invest $ 5 billion in the project on partnership basis.
The prime minister, who was presiding over a meeting of the working group of Ravi Riverfront Urban Development Authority (RUDA) and Pakistan Islands Development Authority (PIDA), was told that in order to further speed up the progress on the Ravi City project, a board had been constituted and work on the project would start in January.
The prime minister stressed that Ravi City, being an unprecedented and first of its kind mega project, would address the increasing problems of Lahore.
Its completion would not only provide the facilities of potable water, appropriate sewerage, clean environment and modern housing to the citizens of Lahore, but also help create job opportunities and develop local and national economy, particularly the industries through huge foreign investment and run wheels of over 40 industries.
As per available information, this 46-kilometre long waterfront urban development project will have 13 special centres, including knowledge city, health city, commercial city, innovation city and sports city.
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