ISLAMABAD: The Capital Development Authority (CDA) has reported that 21 construction companies have expressed interest in the contract for the new road project linking Margalla Avenue with the Islamabad-Peshawar Motorway (M1).
An official from the CDA shared that the authority has received 21 applications from construction firms within the given timeframe and is reviewing the profiles of these companies. The next phase will see the shortlisted firms receiving tender documents to submit their bids.
The CDA’s Development Working Party (DWP) gave its nod to the Rs5.45 billion project in August, which encompasses both development and land acquisition costs. As per the PC-I, the project, once commenced, is expected to be completed in a span of eight months.
Despite the inauguration of the project by Ex-PM Shehbaz Sharif in July, the CDA has yet to take significant steps towards its commencement. Insiders from the CDA’s land and estate wing revealed that land acquisition is still in the preliminary stages.
The CDA’s working paper highlighted the importance of linking Margalla Avenue to M-1 to maximize its benefits. The proposed six-lane road will serve as an alternative route for those commuting between G.T. Road (N-5) and Islamabad.
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