CDA announces Rs 28.320 billion surplus budget
The Capital Development Authority (CDA) on Thursday announced Rs 28.320 billion surplus budget for financial year 2012-2013, which is 18 percent higher than 2011-2012 budget. The projected receipts are estimated at 29.561 billion while the projected expenditure is Rs 28.320 billion, showing surplus of Rs 1.24 billion.
The CDA Chairman Engineer Ferkhand Iqbal said that the focus of the budget would be on development of roads, water supply, and improvement of transport system in the city, development of new residential sectors and construction of pedestrian underpasses on various roads.
He said that as much as 63 percent of the total budget outlay will be spent on development projects and 43 percent on non-development activities. “No new tax will be introduced”, he said. The Chairman said that an amount of Rs 16.025 billion has been earmarked for development projects and Rs 12.295 billion for non-development expenditure. This time, the federal government has allocated Rs 3.488 under Public Sector Development Programme (PSDP) and maintenance grant, he said.
In next fiscal year budget allocation for the Engineering Wing is Rs 3.745 billion as compared to Rs 6.2 billion in the budget 2011-2012. The Engineering Wing would execute various on-going and new development projects, he said. Similarly, Rs 1.505 billion have been allocated for Planning and Designing Wing compared to Rs 784.02 million in the current year, Rs 221.3 million for Environment Wing compared to Rs 800 million allocated in the current year budget, Rs 291.55 million for Administration wing compared to 250 million in the current financial year and Rs 1.8 billion for Estate Wing in the budget 2012-2013 compared to Rs 1.984 billion in the current year.
According to budget document and other sources, CDA will generate Rs 21.42 billion through self-finance such as disposal of residential and commercial plots through auction, Rs 4.64 billion through revenue department that includes property and other taxes, Rs 3.488 billion through PSDP and maintenance grant from Federal Government for the maintenance of President and Prime Minister Houses, Pak Secretariat, Parliament House, Parliament Lodges and other buildings.
Allocation for Non-Development expenditure in fiscal year 2012-13 will be Rs 12.295 billion, which was Rs 9.78 billion in 2011-2012. This increase in expenditures is due to the increase in salaries and pension announced by the Federal Government. According to budget document, Rs 20 million allocated for dualisation of service road west sector F-11, Rs 300 million allocated for construction of Khayaban-e-Margallah from GT road to D-12. Similarly, Rs 175.00 million for construction of over head pedestrian bridges at various locations of the city, Rs 300 million for construction of 11th avenue from Kashmir Highway to Khayaban-e-Iqbal, Rs 300 for construction of pedestrian bridges in Islamabad, Rs 50 million for construction of 2nd carriageway of Service road South H-8, Rs 100 million for extension of I-9 Railway Track up to Faisal Avenue, Rs 75 million for development of Marakz D-12, Rs 25 million for development sector E-12, Rs 500 for construction of 600 flats including infrastructure development sector I-15 and Rs 400 for Islamabad Metro Bus service.
Under PSDP allocations, Rs 452.24 have been allocated for addition of 3rd and 4th lane to Kashmir Highway from Peshawar Mor to Golra, Rs 13.206 for replacement of left in Secretariat building, Rs 1.15 million for upgradation of AC facilities, fire alarm system, and CCTV system procurement of spares for lifts at Parliament House, Rs 5.505 million for installation of professional CCTV system in the senate hall of parliament house, Rs 16.079 million allocated for upgradation of public address, simultaneous interpretation and automatic vote costing system installed in the senate hall at Parliament house.
Similarly, Rs 63.358 allocated for security arrangements at parliament house, Rs 20.102 million for construction of residential and non residential accommodation for police at Aiwan-w-Sadar, Rs 11.650 million allocated for construction of official residence of speaker National Assembly, Rs 1.720 million for construction of fats for AGPR in sector G-9/2, Rs 512.581 million for construction of additional 104 family suits, Rs 93.023 million for construction of 2nd hanger at heliport and Rs 500 million for construction of Charah Dam.