{"id":62446,"date":"2020-03-09T12:29:18","date_gmt":"2020-03-09T07:29:18","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62446"},"modified":"2020-03-09T12:29:22","modified_gmt":"2020-03-09T07:29:22","slug":"lrra-establish-economic-zone-near-ring-road","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lrra-establish-economic-zone-near-ring-road.html","title":{"rendered":"LRRA mulls setting up economic zone along Lahore Ring Road"},"content":{"rendered":"\n<p>Lahore: The Lahore Ring Road Authority (LRRA) is mulling over the establishment of a \u2018Goods and Logistics Hub\u2019 economic zone along the Lahore Ring Road (LRR) in a bid to generate revenue for the construction of the final stretch of LRR\u2019s Southern Loop 4 (SL4), a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/lrra-requests-funds-ring-road-restoration.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"LRRA requests issuance of PKR 1.60 bn funds for rehabilitating northern loop (opens in a new tab)\">LRRA requests issuance of PKR 1.60 bn funds for rehabilitating northern loop<\/a><\/p>\n\n\n\n<p>The authority is currently working on a financial model for this purpose. According to details, LRRA will consider any bid from a land developer having more than 2,000 kanals of consolidated land along the route of SL4; between Maraka, Multan Road and Nazar Labana, M3 Motorway. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/development-work-lrr-sl-iii-project-begin-this-month.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Development work at LRR SL-III project to begin this month (opens in a new tab)\">Development work at LRR SL-III project to begin this month<\/a><\/p>\n\n\n\n<p>The authority plans on developing the loop on a\npublic-private partnership (PPP) basis. The developer is expected to receive share\nin the LRRA equity in the construction of SL4. In return, the authority will\nhelp the developer establish the commercial zone. <\/p>\n\n\n\n<p>LRRA will also provide a special interchange to the\ncommercial zone from the ring road. This would be the first commercial zone\nalongside the China-Pakistan Economic Corridor (CPEC) in Lahore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Ring Road Authority (LRRA) is mulling over the establishment of a \u2018Goods and Logistics Hub\u2019 economic zone along the Lahore Ring Road (LRR) in a bid to generate revenue for the construction of the final stretch of LRR\u2019s Southern Loop 4 (SL4), a news source reported. Read: LRRA requests issuance of PKR 1.60 bn funds for rehabilitating northern loop The authority is currently working on a financial model for this purpose. According to details, LRRA will consider any bid from a land developer having more than 2,000 kanals of consolidated land along the route of SL4; between Maraka, Multan Road and Nazar Labana, M3 Motorway. Read: Development work at LRR SL-III project to begin this month The authority plans on developing the loop on a public-private partnership (PPP) basis. The developer is expected to receive share in the LRRA equity in the construction of SL4. In return, the authority will help the developer establish the commercial zone. LRRA will also provide a special interchange to the commercial zone from the ring road. This would be the first commercial zone alongside the China-Pakistan Economic Corridor (CPEC) in Lahore.<\/p>\n","protected":false},"author":57,"featured_media":62448,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[22298],"persona":[],"class_list":{"0":"post-62446","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-lrra-mulls-setting-up-economic-zone-along-lahore-ring-road","9":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LRRA to establish economic zone near ring road - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Lahore Ring Road Authority (LRRA) is mulling over the establishment of a \u2018Goods and Logistics Hub\u2019 economic zone along the Lahore Ring Road\" \/>\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\/lrra-establish-economic-zone-near-ring-road.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LRRA to establish economic zone near ring road - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Lahore Ring Road Authority (LRRA) is mulling over the establishment of a \u2018Goods and Logistics Hub\u2019 economic zone along the Lahore Ring Road\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lrra-establish-economic-zone-near-ring-road.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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