ISLAMABAD: Prime Minister Imran Khan was informed that the Chinese government and companies were keen to invest $ 3 billion in the Ravi City project in Lahore.
The prime minister was presiding over a meeting of the working group of Ravi Riverfront Urban Development Authority (RUDA) and Pakistan Islands Development Authority (PIDA).
He was also informed that ANGCC, a global investment consortium, had also offered to invest $ 5 billion in the project on a partnership basis. He was told that in order to further speed up the progress on the Ravi City project, a board had been constituted and work on the project would start in January.
The prime minister stressed that Ravi City, being an unprecedented and first of its kind mega project, would address the increasing problems of Lahore.
Its completion would not only provide the facilities of potable water, appropriate sewerage, clean environment and modern housing to the citizens of Lahore, but also help create job opportunities and develop local and national economy, particularly the industries through huge foreign investment.
Regarding Pakistan Islands Development Authority, the prime minister was told that the environmental and master plan studies would start in January.
He was told that a programme was being formulated in partnership with the NGOs to ensure the employment of fishermen related with the islands and for the protection of maritime habitat.
Imran Khan, while expressing his satisfaction over the progress made on the Bundal islands, stressed that all stakeholders would be taken on board for the success of the project.
