Ring Road cost jumps to Rs53b

Ring Road cost jumps to Rs53b

The estimated cost of the 38-kilometre Rawalpindi Ring Road project has increased by a further Rs6 billion, pushing the total beyond Rs53 billion. The Punjab Planning and Development Board is expected to approve the revised cost in the first week of February. The Rawalpindi Development Authority (RDA) and the Project Management Unit have submitted replies and justifications to the board's objections regarding the cost increase. Carpeting work on…

The ring road project cost surges to Rs53 billion amid delays and design changes

The budget for the Rawalpindi Ring Road project has increased once again and has now crossed Rs53 billion, as reported recently. This rise in cost is mainly due to additional construction work and the steady increase in prices of land and building materials over the years. The ring road, which is around 38 kilometers long, was originally approved in 2004. At that time, the total cost was estimated to be Rs17 billion. However, the project faced r…