The Chinese companies China Road and Bridging Company (CRBC) and Gezhouba Group Company Limited (CGGC) signed MoUs with the Ravi Urban Development Authority (RUDA) for investing in the project.
CRBC, a member company of 4C conglomerate from China and who completed Sukkur Bypass, Mansehra-Havelian-Thakot new expressway, Sukkur-Multan section of Peshawar-Karachi Motorway under CPEC, vowed to invest 5 billion dollars in this project. CGGC is interested in investing in Hydropower projects.
Spokesman of the Ravi Urban Development Authority (RUDA), S.M Imran told that Prime Minister Imran Khan has declared the Ravi Urban Development project a National Plan. He told that international investment companies are taking a keen interest in the project.
The companies visited the office of the Chairman of this mega project Rashid Aziz Khan and signed the memorandum of understanding (MoU) for multibillion-dollar investment in the project. The two companies’ officials also visited the site along with the chairman.
The Chinese companies are also interested in the construction of the infrastructure of the new city according to RUDA, installing the wastewater plants, and increasing agriculture productivity by using modern technology and also in installing solar power plants.
Lahore has become overcrowded and the problems of pollution of different kinds have become the permanent source of mental and physical pains for the inhabitants of the city. The plan of the construction of a new and unique city adjacent to Lahore will resolve, to a great extent, the issues, being faced by the people of Lahore.
The idea of the Ravi riverfront is unique of its kind in the world. This 5 Trillion project aims at rehabilitation and development of Ravi River into a perennial freshwater body with high-quality urban development on the adjoining land for about 35 million people.
The idea has been taken from the development around the River Thames in London. The plan covers an area of about 100000 Acres. 70% of the total area will be covered by the plantation of 6 million trees. A lake, an urban forest, three barrages, and six water treatment plants will be built there.