Cold storage and tourist bus service project: CDA asked for report on allotment of industrial plot

The Sub-Committee of the Standing Committee on the Cabinet Secretariat on Thursday asked the Capital Development Authority (CDA) to present a detailed report on allotment of an industrial plot for construction of Ilyas Cold Storage and Tourists Bus service project in the next meeting of the Sub-Committee.

Pervaiz Khan Advocate, convenor of the committee presided over the meeting while Engineer Muhammad Tariq Khattak and senior officials of the CDA attended the meeting. Pervaiz Khan asked the CDA officials to submit a report containing details regarding the allotment of a plot for Ilyas Cold Storage in Sector I-11, along with CDA regulations for auction of plot and the prevailing price of the plot.

A CDA official told the committee that the Islamabad High Court (IHC) also ordered that the CDA board to solve the matter as per the by-laws of the authority. The board also conducted several meetings to solve the issue but due to some lacuna it was not solved. The applications for the allotment of the industrial plot were first welcomed during 1988, he said.

The CDA official also briefed the committee about the delay in the launching of the Tourist Bus Service project. The main reason for the delay in launching of the Tourist Bus Service project was the ban on the CDA to embark on a joint venture, following the Supreme Court’s decision, he said. He said that to empower the CDA to have joint ventures, the authority had proposed an amendment in the CDA ordinance 1960. The federal cabinet had approved the proposed amendments in the CDA Ordinance, 1960. The amendments were aimed at empowering the authority to hold joint ventures with private firms in terms of development of stalled and new residential sectors or any other project of importance. Draft amendments have now been submitted by the Law Ministry to the President of Pakistan for formal approval, he said.

Source: http://www.brecorder.com/business-a-economy/189/1236746/