Approval sought for residential project

CDA Board to also secure ADB's nod to construct bus terminal in capital

ISLAMABAD:

The Capital Development Authority (CDA) has intensified efforts to obtain approval for the PC-1 of a proposed residential project for overseas Pakistanis along the Korang River.

The ambitious plan is set to cover around six and a half kilometres along the banks of the Korang River.

In addition, the CDA is also focusing on securing approval from the Asian Development Bank (ADB) to construct the Islamabad Bus Terminal.

Another notable initiative includes the revival of the cinema industry in Islamabad, with plans to build world-class cinemas and allocate space for parking and recreational activities.

The 13th meeting of the CDA Board was held at its headquarters on Wednesday, chaired by CDA Chairman Mohammad Ali Randhawa. The meeting was attended by all board members, and several key agenda items were discussed, focusing on the development and modernisation of Islamabad's infrastructure.

One of the major decisions made during the meeting was to revive the cinema industry in Islamabad. The CDA board agreed that four cinemas of international standards would be constructed in the city. Additionally, four new locations would be introduced for setting up more cinemas. These cinemas would be built according to modern requirements, ensuring that Islamabad's residents have access to quality entertainment facilities.

The board also directed that proposals be submitted for the redevelopment of plots that were previously allotted for cinemas but were not fully utilised.

Furthermore, it was emphasised that these new sites should provide ample parking space and incorporate facilities for food, beverages, and other recreational activities to cater to the needs of the public.

Another significant point discussed during the meeting was related to improving the financial affairs of the CDA. It was decided to bring the Resource Wing under the supervision of the Member Finance.

The rationale behind this decision is to better manage revenue targets, explore new sources of income, and identify gaps in the current revenue collection process.