China to invest $8 Billion in Ravi River Front Urban Development Project

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ISLAMABAD (Web Desk): Prime Minister Imran Khan on Thursday was told that the government of China and Chinese companies are keen to invest $ 3 billion in the Ravi River Front Urban Project in Lahore and the investment did not include any kind of loan

Prime Minister was also informed that a Global Investment Consortium
ANGCC had also offered to invest $ 5 billion in the project on partnership basis.

Prime Minister 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.

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.

About Pakistan Islands Development Authority, the prime minister was told that the environmental and master plan studies would start in January.

Besides, he was told that in partnership with the non-governmental organizations (NGOs) a programme was being formulated to ensure 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 Bundle Islands, stressed that all stakeholders would be taken on board for the success of the project.

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