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Capital Development Authority (CDA) has approved landmark development budget for Islamabad, estimates with total outlay of Rs49 billion with surplus of Rs10 billion rupees for the financial year 2020-2021.
Out of Rs49 billion receipts, the CDA is expected to receive Rs5,843.288 million from the Government’s Public Sector Development Programme (PSDP) and Rs2,601.44 from the Federal Government as a maintenance grant.
The CDA has also estimated to generate Rs4310 million from its own revenues including the transfer fee, building fee, water charges, property tax etc.
Similarly, CDA is expected to generate Rs24,585.28 million from auction proceeds including the sale of new Blue Area sale, sectoral auctions, Extension of Park Enclave etc. while the amount of Rs1,568.77 million is expected to be transferred from MCI.
As per approved budget estimates for the year 2020-2021, the Development authority will spend money on 89 development projects in Islamabad, the largest ever number for a single year of development projects in the capital city.
Out of these 89 development projects, 66 development projects are new while 23 are the ongoing development projects.
The main development projects for the next financial year include
- Construction of Korang Bridge,
- Construction of PWD Bridge,
- feasibility study for water supply scheme from Indus River and
- land acquisition and construction of 10th Avenue from Public Sector Development Programme (PSDP).
From its own resources CDA will fund the projects which mainly include City Rehabilitation Projects which includes
- low cost housing for slums,
- cleaning of nullahs,
- public toilets,
- Smart traffic system,
- Housing for BS1-16 employees,
- preservation of green areas,
- forests parks,
- land fill and
- public transport.
- construction of Interchange at 7th Avenue and
- Park Enclave Extension
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