China would assist the Capital Development Authority (CDA) for development of Sector I-15, launch of public transport system and execution of the project for development of subway train system in the capital.
This was decided at a meeting of officers of the Capital Development Authority (CDA) with the representatives of public sector companies of China on Friday.
A high-power delegation, consisting of the Chinese officials and representatives of the companies, including renowned government-owned corporation of China, ERFG Co Limited, will be visiting Pakistan soon to sign agreements to this effect.
CDA Chairman Engineer Farkhand Iqbal said that the CDA was seeking assistance from public and private sectors of China for expeditious development in Islamabad. He said that ERFG China has shown keen interest in the development of Sector I-15 and has promised an assistance of $500 million for the development activities in Islamabad.
He said the CDA has already specified around 21 acres of land in Sector I-11 for establishment of a bus stand which would be put under the preview of an independent transport company to be used for commercial activities. He said the Chinese companies have shown keen interest in provision of public transport facility, rapid mass transit and a metro train system. He said the Chinese assistance would help execute these public welfare projects expeditiously.
Prime Minister’s Task Force on Islamabad Chairman Faisal Sakhi Butt said that Islamabad was confronting some serious issues on public facilitation front even after more than five decades of its establishment and the present government was focusing on these real issues as well as public welfare-oriented projects.
‘China to help CDA in subway train system’
