CDA approves the annual budget for 2023-2024

The CDA Board recently convened an important meeting under the Chairmanship of Chairman Noor-Alamin-Mengal at the CDA Headquarters to discuss and approve the budget for the financial years 2023-24. Additionally, several significant projects were given the green light during the meeting. This article provides a comprehensive overview of the decisions made by the CDA Board, emphasizing the approved projects and their implications.

World’s Largest Bird Aviary in F-9 Park

One of the major highlights of the meeting was the approval of the construction of the world’s largest bird aviary, spanning across 10 acres of land in F-9 Park, Islamabad. This aviary aims to serve as a sanctuary for diverse species of birds, contributing to the conservation of biodiversity. Furthermore, it will provide entertainment and valuable information to park visitors. The construction of the aviary moreover will follow the DBOT (Design, Build, Operate, and Transfer) model through an open auction, ensuring transparency and efficiency in the process.

Approval of Layout Plans by CDA

The CDA Board also approved the revised layout plans for Sector D-13, E-13, and F-13 during the meeting. These revisions took modern requirements into consideration, addressing the needs of the present era. The approval of these revised plans reflects the CDA’s commitment to proper urban planning and development.

Read: CDA shares details of new projects being developed in Islamabad

Open Auction of Plots in Capital Street

In a bid to encourage investment and boost economic activity, the CDA Board authorized an open auction of 20 plots in Capital Street, Islamabad. Alongside this decision, the board also approved the rules and regulations governing Capital Street. The focus is on creating an investor-friendly environment and promoting sustainable growth in the capital city.

Approval of the Budget by CDA

The CDA Board’s meeting resulted in the approval of the budget for the financial year 2023-24. The estimated budget for this period is approximately Rs 150,948.20 million, with an expected surplus of Rs 852.46 million. Furthermore, the budget allocation reflects the CDA’s goal of achieving balanced expenditure and revenue to ensure efficient utilization of resources.

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Conclusion

The CDA Board’s meeting marked a significant milestone in the development and planning of Islamabad. The approval of the budget for the financial years 2023-24, along with various projects, demonstrates the commitment of the CDA towards the city’s progress. The construction of

• the world’s largest bird aviary,
• the approval of layout plans and
• the open auction of plots in Capital Street

Signify the authority’s dedication to enhancing the city’s infrastructure and promoting sustainable development. With a focus on transparency and modern requirements, the CDA aims to create an investor-friendly environment while preserving the natural beauty and biodiversity of the capital city.

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