The governing body of the Lahore Development Authority (LDA) has approved Rs58.61 billion annual budget for the current fiscal year. The authority has earmarked Rs32.45 billion for development projects of the LDA and its subsidiaries, including the Water and Sanitation Agency (WASA) and the Traffic Engineering and Transport Planning Agency (TEPA).
The total resources of LDA’s Urban Development Wing, WASA and TEPA have been estimated at Rs58.61 billion, out of which Rs32.45 billion have been earmarked for development works.
LDA Vice Chairman SM Imran presided over the governing body meeting which was attended by Members of Provincial Assembly Sadia Sohail Rana, Malik Mukhtar Ahmad and Muhammad Atif.
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Urban Development Wing
The total resources of LDA’s Urban Development Wing during the fiscal year 2020-21 have been estimated at Rs39.52 billion while development expenditure during the period will be Rs25.87 billion. The development expenditure includes Rs17.52 billion through LDA’s sources and Rs8.34 billion to be provided by the Punjab government for executing various development projects under the Annual Development Programme.
An amount of Rs8.74 billion has been allocated through LDA’s sources for carrying out development works in LDA housing schemes. This includes Rs400 million for LDA Avenue-I, Rs35 million for construction of road network, water supply and sewerage system in Finance and Trade Centre, Johar Town, Rs8.16 billion for LDA City and Rs90 million as lump sum provision for development projects in different housing schemes.
An amount of Rs3.43 billion has been allocated for the construction of different buildings. This amount includes Rs2 billion for construction of apartments for government employees in LDA City, Rs1 billion for construction of apartments in districts of Sheikupura, Nankana Sahib and Kasur, Rs50 million for additional construction work at Park and Shop Plaza, Moon Market, Allama Iqbal Town, Rs100 million for construction of apartments in Finance and Trade Centre and another Rs100 million for construction of official residences for LDA employees.
LDA approves Rs34.52 billion for uplift projects
A sum of Rs3 billion has been allocated for other development schemes including Rs500 million for preparation of Integrated Strategic Master Plan of Lahore, Rs150 million for improving green cover in Lahore, Rs130.62 million for development and implementation of Integrated Computerised Systems for LDA, Rs100 million for construction of pedestrian bridges at different locations in the city. A sum of Rs310 million has been reserved for completing ongoing priority works. A sum of Rs1.67 billion has been reserved for Area Development Programme.
A sum of Rs2.11 billion will be spent for completing ongoing development schemes of LDA including Rs970 million for construction of an underpass at Firdous Market, Rs333 million for an Entertainment Park in Johar Town, Rs450 million for construction of Walk and Shop Arena Johar Town, Rs200 million for the construction of missing links of structure plan roads and Rs17 million for remodelling of all underpasses on Canal Road.
An amount of Rs8.34 billion will be spent on projects being executed under the Annual Development Programme and related works. This allocation includes Rs80 million for the reconstruction of Aik Moreya Pul near the railway station and Rs130 million for completing 11 sports complexes in different areas of Lahore.
A sum of Rs7.9 billion has also been allocated for carrying out civil and allied works of Lahore Orange Line Metro Train Project.
WASA
The WASA will have a total of Rs17.98 billion at its disposal whereas its expenditure has been estimated as Rs20.81 billion. A sum of Rs6.44 billion will be spent on development projects of sewerage and sanitation system.
TEPA
TEPA will have Rs1.11 billion at its disposal whereas its expenditure has been estimated as Rs438.4 million, including development works costing Rs138.6 million.
Published in The Express Tribune, July 31st, 2020.
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