The Capital Development Authority (CDA)’s budget for 2014-15 has been sent to the CDA Board for approval, a news source has reported. According to the budget’s summary, the civic body has allocated Rs 45 billion for its next fiscal year. Forty per cent of the total budget will be used to pay CDA employees and to meet other administrative and non-development expenses.
Let’s have a look what the CDA is planning to do in Islamabad this year.
According to the budget summary, CDA plans to develop two new sectors in the Federal Capital: C-15 and C-16. However, the dates of the commencement of development and completion of these two sectors remain unconfirmed. Nevertheless, it seems that real estate investors are likely to have more investment choices this year.
Development in existing projects
The civic body seems to be motivated to take development in Sector I-15, Park Enclave, Sector E-12, and Kuri Model Village to the next level. I believe this would be in favour of those who have invested in these localities because they are eventually likely to see increases in value.
The CDA plans to complete the under-construction Margalla Avenue from Sector B-17 to Sector D-12 during this budget period. It also plans to connect Margalla Road with Murree Road. According to the budget summary, the civic body also has plans to connect Rawat GT Road with Zero Point through a 10-lane expressway.
Two underpasses are planned to be built to connect Sectors G-7 and G-8 with Sectors F-7 and F-8. Lastly, the CDA plans to develop an interchange at the Garden Avenue Crossing on 7th Avenue.
These are the proposed developments that the CDA aims to pursue this year according to its budget summary. We aim to keep our readers up to date about the execution of the CDA’s plans in the coming months, so stay tuned and let us know what you think in the comments below!