CBD opens Rs12b tenders for IT City

The Punjab Central Business District Development Authority (PCBDDA), commonly known as CBD Punjab, has opened tenders worth Rs12 billion for the development of the Nawaz Sharif IT City (NSITC) - a landmark infrastructure initiative aimed at accelerating Punjab's digital economy.

To fast-track the construction process, the project has been divided into three packages.

Following the earlier evaluation of technical bids, the PCBDDA on Monday opened the financial proposals for all segments.

Maaksons Construction Company submitted the lowest bid of Rs4 billion for Package One.

Habib Construction Services offered the lowest bid of Rs3.6 billion for Package II, while Package Three saw a joint lowest bid of Rs3.9 billion from Habib Construction Services and IKAN Engineering Services.

The authority has now started the financial evaluation process, after which contracts will be formally awarded to the successful bidders.

Punjab Chief Minister Maryam Nawaz has described the NSITC as Pakistan's first project of its kind.

She stated that the twin towers planned within the IT City, along with a "plug and play" call centre hub, are expected to be completed within the year. The hub is designed to offer IT education and employment opportunities to young people across the province.