Lahore: Prime Minister Imran Khan on Friday (January 28) visited the construction site of the multi-billion rupee Central Business District (CBD) project, news sources reported. He was briefed on phase one of the project and the upcoming auction of new plots at the project site.
According to reports, the premier was informed of the project’s features, such as its environmental significance and its unique design. The project has so far attracted PKR 24 billion in investment, with more to follow in the next phase of the project, according to the briefing. It was also revealed that the government intends to auction off additional sites next month. When completed, the project would create an extra PKR 1,500 billion in revenue. Moreover, PM Imran was informed about the construction of Bab-e-Pakistan and the transfer of the Walton Airport to a new location. It is worth noting that the premier launched CBD in March of last year to serve as a new commercial hub.
The project has been built on the site of the old Walton Airport, with the most recent addition being the Lahore Downtown project that was announced last month. So far, the project has auctioned off 7 prime plots for the development of multi-story housing and business projects.