Chinese firm eyes investment in capital development schemes
The China State Construction Engineering Company has expressed a strong interest in investing in over five significant development projects in Islamabad, including the proposed Jinnah Medical Complex, a Solid Waste Management Plant, two underpasses, and six interchanges.
According to sources, the Capital Development Authority (CDA) chairman briefed the Chinese delegation on more than ten mega development projects under consideration. The next phase will involve a delegation of technical experts from the Chinese firm conducting a detailed review of the proposed projects.
The Chinese company took keen interest in projects during the briefing, asking several questions and engaging in comprehensive discussions on the feasibility of the ventures. They showed strong interest in five specific projects and indicated their intention to invest. However, before finalising their commitment, teams of experts specializing in technical, planning, and engineering fields will visit the CDA for further briefings.
On Friday, a delegation from the Chinese company visited the CDA headquarters, where they were briefed on various mega development projects by a high-level CDA team led by Chairman Muhammad Ali Randhawa. The proposed projects discussed included the Jinnah Medical Complex, Solid Waste Management Plant, Water Supply Project, construction of Eleventh Avenue, completion of delayed development works in various sectors, and the construction of two underpasses on the Kashmir Highway and near an adjacent hotel, along with more than six interchanges on various highways.
Randhawa highlighted the crucial role that the Chinese Construction Company has played in Pakistan's infrastructure development. He expressed optimism about introducing innovation in Islamabad's infrastructure with the support of the Chinese firm and emphasised that ongoing projects in the city would be completed according to their deadlines with full transparency. Randhawa also noted the company's deep interest in various Islamabad projects.