Islamabad highway toll plaza auction: On second day, CDA gets Rs60m
Once approved, CDA will get Rs92m from two auctions.
The bids will need to be approved by the CDA board before the successful bidders can take over the operations of toll collection.
The Capital Development Authority (CDA) completed its two-day auction of toll collection contracts on Tuesday, receiving Rs60 million as the highest bid for the Islamabad Highway Toll Plaza at Rawat.
Thirteen bidders participated in the auction on the second day of bidding at the CDA’s revenue directorate in G-7/3. Bright Link Enterprises placed the highest bid. The contract of the Rawat Toll Plaza would be awarded for the duration of one year.
On Monday, the CDA had auctioned the contract for its IJ Principal Road Toll Plaza for six months, with Al Rehman Enterprises putting in the highest bid of Rs32 million.
The bids will need to be approved by the CDA board before the successful bidders can take over the operations of toll collection.
Published in The Express Tribune, January 9th, 2013.
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