Developmof new ent of new blue area
Capital Development Authority (CDA) has awarded work for construction of Service Road (South) Blue Area from 9th Avenue to F-10 Roundabout. The road is being constructed in connection with development of G-9/F-9 portion of Blue Area. NIT of the project was 243.912 million rupees, however, due to healthy competition the lowest bid amounting to rupees 148.786 million which is 39% below the estimated the cost was accepted.
The construction of Service Road (South) Blue Area from 9th Avenue to F-10 Roundabout is part of comprehensive development of New Blue Area in line with policy of the government to promote construction industry. The PC-I amounting to 525.141 million rupees of the project development of new Blue Area was approved in 47th meeting of the CDA-DWP. The project is aimed to develop new blue area comprehensively. The major components which will be covered under this project include construction of Road Work, Drainage, Footpaths, protection and retaining works, culverts, water supply, Sewerage system, landscaping works, electrification works and provision of other allied facilities in New Blue Area.
In July 2020 Capital Development Authority auctioned 12 commercial plots from New Blue Area worth over 17 billion rupees. Similarly commercial plots from New Blue Area were auctioned during auction of commercial plots in September 2020 as well. In both auctions , the investors showed their overwhelming interest. Accordingly, as promised, Capital Development Authority has formally initiated development works in the area so that investors may not have to face any problem.