{"id":47488,"date":"2019-01-16T13:05:36","date_gmt":"2019-01-16T08:05:36","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=47488"},"modified":"2019-01-16T14:36:59","modified_gmt":"2019-01-16T09:36:59","slug":"rrr-details-on-project-plan-acquired-land-requested","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/rrr-details-on-project-plan-acquired-land-requested.html","title":{"rendered":"RRR: details on project plan, acquired land requested"},"content":{"rendered":"<p>Rawalpindi: Asian Infrastructure Investment Bank (AIIB) of China has asked for details on Rawalpindi Ring Road (RRR)\u2019s master plan and land acquired for the project, reported a news source. A team representing AIIB is currently in Pakistan to discuss important matters regarding the project with various departments. The bank is to fund the project by providing PKR 47 billion as a loan.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/rda-requests-initial-funds-for-rrr.html\" target=\"_blank\" rel=\"noopener noreferrer\">RDA requests initial funds for RRR\u00a0<\/a><\/p>\n<p>The bank terms the provision of necessary facilities in <a href=\"https:\/\/www.zameen.com\/blog\/project-management-unit-for-rrr-formed.html\" target=\"_blank\" rel=\"noopener noreferrer\">RRR\u2019s project management unit<\/a> (PMU) as imperative for the allocation of funds. Please note, the Government of Punjab has cleared the project and has allocated PKR 90.975 million for carrying out its feasibility study.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/funds-okayed-for-rrr-feasibility-study.html\">Funds okayed for RRR feasibility study<\/a><\/p>\n<p>In the meanwhile, work on completing the project\u2019s master plan is still pending. Furthermore, the acquisition of land required for the project is yet to be completed. According to sources from RDA, RRR master plan and process of land acquisition will start after the project design and feasibility get finalised.<\/p>\n<p>Read:\u00a0<a class=\"row-title\" href=\"https:\/\/www.zameen.com\/news\/pkr-6-billion-allocated-for-rrr-land-acquisition.html\" target=\"_blank\" rel=\"noopener noreferrer\">PKR 6 billion allocated for RRR land acquisition<\/a><\/p>\n<p>The six-member AIIB team is currently on its fifth tour to inspect the PMU before granting an approval for funds. In this regard, the team has already met with officials from Rawalpindi commissioner\u2019s office and Rawalpindi Development Authority (RDA).<\/p>\n<p>The delegation will also be holding meetings with Punjab Chief Minister Usman Buzdar, Planning and Development Department chairman, officials representing National Engineering Services of Pakistan (NESPAK) and officials representing Economic Affairs Division.<\/p>\n<p>The expected cost of PC-II for the project may go up. To avoid this, NESPAK suggested relaxation in Public Procurement Regulatory Authority (PPRA)\u2019s rules instead of revising the cost.<\/p>\n<p>RDA, which is the <a href=\"https:\/\/www.zameen.com\/news\/rda-to-construct-rrr.html\" target=\"_blank\" rel=\"noopener noreferrer\">project executing authority of RRR<\/a>, has carried out survey to determine the 38.8-kilometre long <a href=\"https:\/\/www.zameen.com\/news\/alignment-of-rawalpindi-ring-road-project-finalised.html\" target=\"_blank\" rel=\"noopener noreferrer\">route of the RRR<\/a>.<\/p>\n<p>For more updates on related developments carried out for RRR, stay tuned to Zameen News.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rawalpindi: Asian Infrastructure Investment Bank (AIIB) of China has asked for details on Rawalpindi Ring Road (RRR)\u2019s master plan and land acquired for the project, reported a news source. A team representing AIIB is currently in Pakistan to discuss important matters regarding the project with various departments. The bank is to fund the project by providing PKR 47 billion as a loan. Read:\u00a0RDA requests initial funds for RRR\u00a0 The bank terms the provision of necessary facilities in RRR\u2019s project management unit (PMU) as imperative for the allocation of funds. Please note, the Government of Punjab has cleared the project and has allocated PKR 90.975 million for carrying out its feasibility study. Read:\u00a0Funds okayed for RRR feasibility study In the meanwhile, work on completing the project\u2019s master plan is still pending. Furthermore, the acquisition of land required for the project is yet to be completed. According to sources from RDA, RRR master plan and process of land acquisition will start after the project design and feasibility get finalised. Read:\u00a0PKR 6 billion allocated for RRR land acquisition The six-member AIIB team is currently on its fifth tour to inspect the PMU before granting an approval for funds. In this regard, the team&hellip;<\/p>\n","protected":false},"author":18,"featured_media":38716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[9934,9935,9936],"persona":[],"class_list":{"0":"post-47488","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-details-on-chinese-bank-requestion-master-plan-for-rawalpindi-ring-road","8":"tag-latest-update-on-rawapindi-ring-road","9":"tag-rrr-latest-update"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>RRR: details on project plan, acquired land requested - Zameen News<\/title>\n<meta name=\"description\" content=\"Rawalpindi: Asian Infrastructure Investment Bank (AIIB) of China has asked for details on Rawalpindi Ring Road (RRR)\u2019s master plan and land acquired for\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/rrr-details-on-project-plan-acquired-land-requested.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RRR: details on project plan, acquired land requested - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Rawalpindi: Asian Infrastructure Investment Bank (AIIB) of China has asked for details on Rawalpindi Ring Road (RRR)\u2019s master plan and land acquired for\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/rrr-details-on-project-plan-acquired-land-requested.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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