Rs 93 billion LDA budget approved

Lahore—The Governing Body of Lahore Development Authority (LDA) has approved annual budget of LDA and its subordinate agencies WASA and TEPA, for the fiscal year 2016-17, here on Thursday.
Total resources of LDA, WASA and TEPA have been estimated as Rs 93.48 billion out of which Rs. 80 billion have been earmarked for development works in the provincial metropolis as well as the three districts of Sheikupura, Nankana Sahib and Kasur.
Advisor to the Chief Minister Punjab and member of the Governing Body of LDA Kh. Ahmad Hassan chaired the budget meeting which was attended by members of provincial assembly including Bao Muhammad Akhtar from Lahore, Rana Muhammad Arshad from Nankan Sahib, Director General LDA Nabeel Javed, Managing Director WASA Ch Naseer Ahmad, Chief Engineer TEPA Saif Ur Rehman, Chief Metropolitan Planner Waheed Ahmad Butt, Director Finance LDA Zaheer Asghar Rana, and representatives of the provincial Local Government, Housing, P&D and Finance Departments as well as of Commissioner Lahore Division.
Total resources of LDA Urban Development (UD) Wing during the fiscal year 2016-17 have been estimated at Rs. 71.86 including development expenditure of Rs. 68 billion. This development expenditure includes (i) Rs. 10.87 billion through LDA’s own sources, (ii) Rs.56.10 billion to be provided by the Punjab Government for executing various development projects under Annual Development Programme and deposit works notably Lahore Orange Line Metro Train Project and (iii) Rs. 1.17 billion through LDA’s own sources for carrying out development schemes exclusively in three districts Sheikupura, Nankana Sahib and Kasur.
An amount of Rs.5.82 billion has been allocated through LDA’s own sources for carrying out development works in LDA housing schemes. This include Rs. 1.52 billion for LDA Avenue-I, Rs.350 million for construction of road network, water supply and sewerage in Finance & Trade Centre, Johar Town, Rs. 350 million for LDA City, and Rs. 3.5 billion as lumpsum provision for development projects in different LDA housing schemes.
These projects will include construction of underpass at railway crossing near Gurumangat Road, Gulberg, remodeling of junctions and U turns at Moulana Shoukat Ali Road, Khayaban-e- Firdousi and Khyban-e- Jinnah and other development schemes.
Construction of LDA office buildings at Johar Town and Sheikupura and official residences for officers and employees of LDA will cost Rs. 449 million. An amount of Rs. 305 million will be spent on Development and Implementation of Integrated Computerized Systems for LDA. —APP

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