CDA approves Rs 38 billion budget for year 2017-18

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ISLAMABAD: The Capital Development Authority (CDA) Board has approved the Rs 37.9 billion budget for CDA for the financial year 2017-18 in its meeting held here at CDA Headquarters on Friday. The Budget meeting was chaired by Mayor of Islamabad and CDA Chairman Sheikh Anser Aziz.The meeting was attended by Member Finance Dr Fahad Haroon Aziz, Member Administration Muhammad Yasir Peerzada, Member Planning and Design and Engineering Asad Mehboob Kiyani and Member Estate Khushal Khan.

The development budget for the year 2017-18, the total outlay of the spending during 2017-18 has been estimated at Rs.37.9 billion. The development budget is estimated at Rs 21.18 billion which is 56% of the total budget. The development budget estimate is inclusive of Rs11.10 billion for “Priority Development Projects” to be undertaken in the Capital City during 2017-18. CDA’s Non-Development expenditure is estimated at Rs 16.78 billion which is 44% of the total budget.

The priority projects approved in the budget 2017-18 includes construction of Bhara Kahu bypass, development of sectors E-12, C-15 & I-15, construction of interchanges at Sohan and Khanna on Islamabad Expressway, dualization of Attaturk Avenue (Embassy Road), construction of underpass on Faisal Avenue, construction of Khayaban-e-Margalla from GT Road to D-12 and rehabilitation of IJP Road etc.

The budget 2017-18 will be sent to Capital Administration and Development Division for final approval.