According to the latest media reports, the government of Punjab is planning to develop the river front of Ravi with modern life style. The project is said to be span over an area of more than 70,000 of acres. The $10 billion investment will be made through foreign investment.
The government has already invited expression of interest from international renewed consultancy firms to prepare the feasibility report and other relating work.
Detail of Project:
The project includes the construction of Concrete channel for Ravi River which is about 36 KM long while to provide the luxurious life style parks and green belts would be constructed to make a natural life style as well. The channel is proposed to be I KM wide with 15 feet of depth. The project will be spans over area of Siphon on BRB Canal to Maraca area.
The project may have a typical Mughal’s out look to lighten the classical life style of Ancient Lahore city. The city is said to be crime free and has its own Air Port as well for the Elite Class, this will attracts the foreign investors as well. The city can be accessed through the Lahore ring Road from both side of city i.e. from Siphon BRB Canal and from Maraca.
To pour out the natural beauty, the project will includes the 70% of area as boardwalks and lush green plantation and trees.
Business Activities:
The 25000 of acres is planned to be reserved for investors for commercial activities. The administration of city has started the work in this regard by issuing the notification to acquire the land while the transaction of property is banned by City government as well.
Relocation of residents:
About 40 families are already residing in the said areas, the Government planned to relocate them to nearby areas while other would be given compensation on fair market rates.