{"id":59304,"date":"2020-01-01T16:25:18","date_gmt":"2020-01-01T11:25:18","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=59304"},"modified":"2020-01-01T16:25:18","modified_gmt":"2020-01-01T11:25:18","slug":"koral-flyover-islamabad-expressway-section-completed-under-ppp-mode","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/koral-flyover-islamabad-expressway-section-completed-under-ppp-mode.html","title":{"rendered":"Koral Flyover, Islamabad Expressway section to be completed under PPP mode"},"content":{"rendered":"<p>Islamabad: The federal government has directed the Capital Development Authority (CDA) to construct the Koral Flyover, the PWD Underpass, and a section of the Islamabad Expressway connecting Rawat and the GT Road &#8211; on a public-private partnership (PPP) basis, a news source reported.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/approval-sought-bridge-underpass-construction-islamabad-expressway.html\" target=\"_blank\" rel=\"noopener noreferrer\">Approval sought for bridge, underpass construction on Islamabad Expressway<\/a><\/p>\n<p>This directive was issued in response to a summary submitted by the CDA for the issuance of funds required to develop the project. As per details, the CDA administration had announced its decision to complete the project in various phases, after a summary forwarded to the federal cabinet for the <a href=\"https:\/\/www.zameen.com\/news\/pkr-10-bn-funding-sought-for-islamabad-expressway-expansion.html\" target=\"_blank\" rel=\"noopener noreferrer\">issuance of a PKR 10 billion<\/a> grant remained unaddressed. To continue with the development work under the next phase, the civic administration recently <a href=\"https:\/\/www.zameen.com\/news\/cda-to-request-government-funds-for-islamabad-expressway-expansion.html\" target=\"_blank\" rel=\"noopener noreferrer\">requested<\/a> the PKR 1.5 billion from the federal executive.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/planning-commission-recommends-funding-of-islamabad-expressway.html\" target=\"_blank\" rel=\"noopener noreferrer\">Planning Commission recommends funding of Islamabad Expressway<\/a><\/p>\n<p>The cabinet declined the request and directed the CDA to develop and complete the project under the PPP mode. In response, the CDA has started to contact developers or\/and administrations of housing societies in the vicinity to help arrange for the funds required to complete the project.<\/p>\n<p>The CDA officials have further asked the managements of these housing schemes to provide 80% of the total funds for the project, while the civic authority will arrange for the remaining 20%.<\/p>\n<p>Read:\u00a0<a href=\"https:\/\/www.zameen.com\/news\/islamabad-expressways-sohan-interchange-inaugurated.html\" target=\"_blank\" rel=\"noopener noreferrer\">Islamabad Expressway\u2019s Sohan Interchange inaugurated<\/a><\/p>\n<p>As and when there is any development on the matter, Zameen News will keep you posted. Stay tuned!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The federal government has directed the Capital Development Authority (CDA) to construct the Koral Flyover, the PWD Underpass, and a section of the Islamabad Expressway connecting Rawat and the GT Road &#8211; on a public-private partnership (PPP) basis, a news source reported. Read:\u00a0Approval sought for bridge, underpass construction on Islamabad Expressway This directive was issued in response to a summary submitted by the CDA for the issuance of funds required to develop the project. As per details, the CDA administration had announced its decision to complete the project in various phases, after a summary forwarded to the federal cabinet for the issuance of a PKR 10 billion grant remained unaddressed. To continue with the development work under the next phase, the civic administration recently requested the PKR 1.5 billion from the federal executive. Read:\u00a0Planning Commission recommends funding of Islamabad Expressway The cabinet declined the request and directed the CDA to develop and complete the project under the PPP mode. In response, the CDA has started to contact developers or\/and administrations of housing societies in the vicinity to help arrange for the funds required to complete the project. The CDA officials have further asked the managements of these housing schemes&hellip;<\/p>\n","protected":false},"author":18,"featured_media":28262,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[14762],"persona":[],"class_list":{"0":"post-59304","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-koral-flyover-and-islamabad-expressway-section-to-be-completed-under-ppp-mode"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Koral Flyover, Islamabad Expressway section to be completed under PPP mode - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The federal government has directed the Capital Development Authority (CDA) to construct the Koral Flyover, the PWD Underpass, and a section of\" \/>\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\/koral-flyover-islamabad-expressway-section-completed-under-ppp-mode.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Koral Flyover, Islamabad Expressway section to be completed under PPP mode - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The federal government has directed the Capital Development Authority (CDA) to construct the Koral Flyover, the PWD Underpass, and a section of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/koral-flyover-islamabad-expressway-section-completed-under-ppp-mode.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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