The Frontier Works Organisation (FWO) on Wednesday acquired the contract to initiate groundwork on the Rawalpindi Ring Road project.
The Rawalpindi Development Authority (RDA) awarded the Rs 22.8 billion contract in the presence of relevant officials after it emerged as the lowest bidder.
The FWO’s bid, which was Rs 300 million less than the project’s estimated cost, was accepted. NLC and FWO were competing to get the construction contract for mega project.
According to RDA Chairman Tariq Mehmood Murtaza, the financial bids were opened after the FWO offered a subsequent discount. He stated that the 38.3 km long main carriageway from Baanth (N-5) to Thallian (M-2) would be completed as part of the Rawalpindi Ring Road project.
Work on the Rawalpindi Ring Road project would most likely begin next month, and land acquisition in the area had already begun. The Ring Road from Banth to Thalian would require a total of 8,992 kanals.
The Punjab government had set aside Rs 5.913 billion for land acquisition for the 38.3-kilometer road, of which Rs 2.39 billion had already been spent.
The Rawalpindi Ring Road will be six lanes wide with four interchanges on Banth-Chak Beli Khan Road, Adiala Road, Chakri Road, and Thalian Road.
The road also known as the missing link of Rawalpindi will be constructed under the 2017 alignment, under which, the road will be constructed from N-5 GT Road Rawat Banth Mor to Thalian Interchange (Motorway-2).