Ravi Riverfront project will be completed within stipulated time, says PM
Prime Minister Imran Khan has said that it is the government’s priority to complete the Ravi Riverfront Urban Development project within the stipulated time.
Presiding over a meeting to review progress on the mega scheme on Friday, he said the project will help boost economic activities and cater to the needs of Lahore’s burgeoning population. Ravi Riverfront Urban Development Project will provide affordable housing opportunity to poor people, he mentioned.
The PM added it will help overcome water shortage, speed up economic activities, and create job opportunities. This project is a great example of infrastructural reforms, said Imran.
Ravi Riverfront Urban Development Project will be built over an area of more than 100,000 acres of land with the private sector investment of Rs5,000 billion.
As part of the scheme, 12 new cities, including residential city, medical city, downtown, commercial hub, urban farms etc will be developed in the first phase with Innovation City spanning over 1,370 acres in the second phase.
In the third phase, Knowledge City, Sports City and Eco City will be built on a land area of 14,000 acres. A total land area of 103,271 acres will be acquired from public and government control for the development of the project.
Similarly, at least six wastewater treatment plants, three barrages and urban forest would also be developed during the first three years of the scheme.