{"id":90709,"date":"2022-12-17T10:00:00","date_gmt":"2022-12-17T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=90709"},"modified":"2022-12-14T16:59:16","modified_gmt":"2022-12-14T11:59:16","slug":"lda-self-finance-projects-city","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lda-self-finance-projects-city.html","title":{"rendered":"LDA to self-finance mega development projects in city"},"content":{"rendered":"\n<p>Lahore: The Lahore Development Authority (LDA) has decided to self-finance all mega development projects in the city, news sources reported on December 14.&nbsp;<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lda-city-charges-iqbal-jinnah-sectors.html\" data-type=\"post\" data-id=\"90041\" target=\"_blank\" rel=\"noreferrer noopener\">LDA City: LDA approves development charges of Iqbal, Jinnah Sectors<\/a><\/p>\n\n\n\n<p>The authority decided to fund the projects following a reduction in development funds from the Punjab Finance Department for the construction of the Karim Block Underpass due to budget constraints. The LDA will now allocate PKR 10 billion for the project to ease traffic flow at a vital traffic congestion point. The project includes the construction of an underpass for the traffic coming and going from Maulana Shaukat Ali Road to Jedda Chowk. <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/lahore-karim-block-have-underpass-facility.html\" data-type=\"post\" data-id=\"61888\" target=\"_blank\" rel=\"noreferrer noopener\">Lahore Karim Block to have underpass facility<\/a><\/p>\n\n\n\n<p>The LDA had previously awarded a feasibility study contract to National Engineering Services Pakistan (NESPAK).&nbsp;<\/p>\n\n\n\n<p>It is important to mention here that the construction of the <a href=\"https:\/\/www.zameen.com\/news\/lda-to-develop-underpass-at-kareem-block-market.html\" data-type=\"post\" data-id=\"65733\" target=\"_blank\" rel=\"noreferrer noopener\">Karim Block Underpass<\/a> was originally approved by the Punjab government in 2018 with an allocated budget of PKR 14 billion. However, the Punjab Finance Department reduced the development fund to PKR 10 billion due to budget constraints.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Development Authority (LDA) has decided to self-finance all mega development projects in the city, news sources reported on December 14.&nbsp; Read: LDA City: LDA approves development charges of Iqbal, Jinnah Sectors The authority decided to fund the projects following a reduction in development funds from the Punjab Finance Department for the construction of the Karim Block Underpass due to budget constraints. The LDA will now allocate PKR 10 billion for the project to ease traffic flow at a vital traffic congestion point. The project includes the construction of an underpass for the traffic coming and going from Maulana Shaukat Ali Road to Jedda Chowk. Read: Lahore Karim Block to have underpass facility The LDA had previously awarded a feasibility study contract to National Engineering Services Pakistan (NESPAK).&nbsp; It is important to mention here that the construction of the Karim Block Underpass was originally approved by the Punjab government in 2018 with an allocated budget of PKR 14 billion. However, the Punjab Finance Department reduced the development fund to PKR 10 billion due to budget constraints.<\/p>\n","protected":false},"author":84,"featured_media":75796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[55451,55452,55450],"persona":[],"class_list":{"0":"post-90709","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-lda-karim-block-underpass","9":"tag-lda-news-and-developments","10":"tag-lda-to-self-finance-mega-development-projects-in-city","11":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>LDA to self-finance mega development projects in city - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Lahore Development Authority (LDA) has decided to self-finance all mega development projects in the city, news sources reported on December\" \/>\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\/lda-self-finance-projects-city.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LDA to self-finance mega development projects in city - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Lahore Development Authority (LDA) has decided to self-finance all mega development projects in the city, news sources reported on December\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/lda-self-finance-projects-city.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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