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Rs5 bn loan approved for Ravi Urban Authority to acquire land
National
December 18, 2020
LAHORE: The 39th cabinet meeting was held under the chair of Chief Minister Usman Buzdar at the CM’s office here on Thursday.
The meeting gave approval to further extend the lease of state land in Cholistan and Rahim Yar Khan on previous rates to the President of UAE. This initiative of the Punjab cabinet will further strengthen the ties between both the countries.
The meeting gave principle approval of five billion rupees loan to the Ravi Urban Development Authority for acquiring the land. Moreover, the meeting also approved for providing state land for the master plan of Ravi River Front Urban Development Project. Authority will present its business plan and financial model for this purpose. Vice Chairman, LDA, Sheikh Muhammad Imran and Chairman of the Authority Rashid Aziz gave the briefing to the cabinet about Ravi River Front Urban Development Project. ....

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