RAWALPINDI: The Punjab government has allocated Rs4 billion for the Rawalpindi Ring Road (R3) project to clear its dues by the end of the financial year 2023-24.
Commissioner Aamir Khattak said that additional funds would be distributed in the next financial year to ensure completion of the project by December as per the stipulated time.
In the current financial year, Punjab has allocated Rs7.8 billion for the construction of Rawalpindi Ring Road after acquiring land. The revised plan has been approved by the Planning and Development Department. The Central Development Working Party (CDWP) and the ECNEC are also expected to give their nod soon.
Aamir Khattak also announced the launch of two more projects, Kutchery Chowk expansion and a signal-free corridor from Ammar Chowk to Pirwadhai Mor, in the upcoming fiscal year.
It is noteworthy that the cost of the Rawalpindi Ring Road (R3) project has exceeded from RS. 31 billion rupees to Rs. 38 billion.
The project spans 38.3 kilometers from Baanth (G.T. Road) to Thalian (Motorway) and includes five interchanges: Baanth, Chak Beli Khan, Adiala Road, Chakri Road, and Thalian.
An industrial zone will be developed around the Ring Road. The road will feature six lanes and controlled access, with a design speed of 120 km/h.
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