The governing body of Lahore Development Authority (LDA) on Thursday approved annual budget of LDA and its subordinate agencies, WASA and TEPA, for the fiscal year 2020-21.
Total resources of LDA (UD Wing), WASA and TEPA have been estimated as Rs. 58.61 billion out of which Rs. 32.45 billion have been earmarked for development works.
LDA Vice Chairman SM Imran presided over the meeting of governing body which was attended by MPAs Sadia Sohail Rana, Malik Mukhtar Ahmad and Muhammad Atif. Other members of governing body Vice Chairman, WASA, Sheikh Imtiaz Mahmood, Major Rtd. Syed Burhan Ali, Engineer Amir Qureshi, Director General LDA Ahmad Aziz Tarar, Managing Director WASA Syed Zahid Aziz as well as representatives of P&D, Housing, Local Government, Finance Department and Commissioner Lahore also participated in the meeting.
Total resources of LDA (UD Wing) during the fiscal year 2020-21 have been estimated at Rs. 39.52 billion while development expenditure during this period will be Rs. 25.87 billion.
This development expenditure includes (i) Rs. 17.52 billion through LDA’s own sources and (ii) Rs. 8.34 billion to be provided by the Punjab Government for executing various development projects under Annual Development Programme and deposit works.
An amount of Rs. 8.74 billion has been allocated through LDA’s own sources for carrying out development works in LDA housing Schemes.
This includes Rs. 400 million for LDA Avenue-I, Rs. 35 million for construction of road network, water supply and sewerage in Finance & Trade Centre, Johar Town, Rs. 8.16 billion for LDA City, and Rs. 90 million as lumpsum provision for development projects in different LDA housing schemes.
WASA will have a total of Rs. 17.98 billion at its disposal whereas its expenditure has been estimated as Rs. 20.81 billion. A sum of Rs. 6.44 billion will be spent on development projects of sewerage and sanitation system.
TEPA will have a total of Rs. 1.11 billion at its disposal whereas its expenditure has been estimated as Rs. 438.4 million including development works costing Rs. 138.6 million.
