Chinese firm to join Lahore Ring Road project


LAHORE: Punjab government and China State Construction and Engineering Company (CSCEC) have decided to cooperate in Lahore Ring Road and Rawalpindi Expressway projects and a team of Chinese company will visit Lahore on October 15 to settle details in this regard. The company will also complete its ongoing project of Software Park at Ferozpur Raod within timeframe.

This was decided in a meeting between Chief Minister Punjab Muhammad Shahbaz Sharif and a delegation of China State Construction and Engineering Company led by its vice president and representative in Pakistan, Ye Wenquan at Chief Minister’s Secretariat, here on Sunday. The Chief Minister said that Pakistan and China are bound together in strong ties of friendship and China has played a commendable role in the progress and development of Pakistan. He said that there is a wide scope of foreign investment and cooperation in various sectors in Punjab and China is already extending full cooperation in this regard. He said that Punjab government is implementing a comprehensive programme for the rapid development of the province and uplift of the masses and special attention is being paid to infrastructure development. He said that Lahore Ring Road and Rawalpindi Expressway are important projects in the development of the province and keeping in view this fact he had signed an agreement with the Chinese company during his visit to China. He said that this project is now being given a practical shape. He said that implementation of these projects will not only result in better communication facilities to the masses but will also leave a positive impact on the provincial economy. He said that the company should complete its ongoing project of Software Park at Ferozpur Road as early as possible as the project has already been delayed due to inept planning and strategy of the former rulers due to which the present government has to bear an additional expenditure of one billion rupees. He said that a special committee headed by Addl. Chief Secretary has also been constituted which will take immediate measures for removing all hurdles in the way of early completion of the project. He said that the company should also extend cooperation for converting software park into information technology park.

Vice President of China State Construction & Engineering Company Ye Wenquan assured that the company will complete software park within stipulated period while a special team will visit Lahore in the second week of October to settle details with regard to construction of Lahore Ring Road and Rawalpindi Expressway.

Additional Chief Secretary, Secretaries Finance, Information Technology, Communication and Works, Commissioner Lahore Division and Vice Chairman Investment Board were also present on the occasion.

http://www.thepost.com.pk/CityNewsT.aspx?dtlid=227769&catid=3

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