A detailed division of approved funds from specific categories has been laid out by CDA after the recent approval of Rs40538.42 million for the Financial Year 2018-19, which is 6 percent more than the last financial year.
Capital Development Authority (CDA) has allocated Rs21.7billion for development from an approved budget of Rs 40.5billion, and that makes up 54 percent of the total budget.
An amount of Rs10.5billion would be received from government grants including PSDP budget while Rs23.5billion would be collected from the CDA sources.
Chairman CDA Usman Akhtar said that this budget was development oriented and priority had been given to acquisition of land, development of stalled sectors where development was pending since many years, construction of land fill site, road infrastructure and other projects of public welfare.
During the budget of the financial year 2018-19, funds amounting to Rs 3billions have been allocated for the acquisition of land and payment of built up property.
Rs1,000 million have been allocated for the infrastructure development of Sector I-15, Rs0.5 billion have been proposed for the construction of grade separation facility at intersection of 7th Avenue with Khayaban-e-Suharwardy and Kashmir Highway, Rs0.1 billion for construction of land fill site, Rs.100 million for construction of cultural complex at Shakarparian, Rs0.1 billion for construction of Service Road (South) of Blue Area, sector E-11 and Rs0.1billion for provision of water and sewerage services in F-8, F-9 and Blue Area. Similarly construction of major roads of Model Village Kuri would be also developed during the financial year 2018-19 and in this context funds amounting to Rs0.1billion have been approved during the meeting. Master Plan of the Islamabad would also be reviewed during the financial year 2018-19 and necessary funds amounting to Rs0.1 billion have also been allocated for the purpose.
During the financial year 2018-19, funds amounting to Rs0.1billion for construction of Barma Bridge at Lehtrar Road, Rs0.1 billions for construction of Orchard Scheme Murree Road and funds amounting to Rs100 million for refunds have been allocated for refund to the allottees of flats of sector I-15.
Projects including construction of additional block at Capital Hospital, G-6, protection of CDA’s acquired land in Islamabad and providing the boundary pillars for demarcation of CDA / ICT boundary would be completed during the financial year 2018-19 and funds amounting to Rs50 million, Rs25 million and Rs10 million have been allocated for the these projects respectively.
During the financial year 2018-19, an amount of Rs7,000 million have also been received from the PSDP grant, for the Signal Free Islamabad Expressway Corridor.