Two Chinese companies signed MoU for multibillion dollars investment in Ravi Urban Development Project after meeting Chairman and CEO of Ravi Urban Development Authority Mr. Rashid Aziz on Saturday.
Briefing media about the details, S.M. Imran, spokesperson for RUDA, informed that international investors and companies have expressed immense interest in the Ravi Urban Development Project which has been declared as ‘national project’ by Prime Minister Imran Khan.
He told that the MoU signing companies included China Road and Bridging Company (CRBC), a member company of 4C conglomerate from China and Gezhouba Group Company Limited (CGGC), the largest Hydro Power developer company in Pakistan from China.
He informed that separate delegations of both theses Chinese companies visited RUDA HQ Lahore. They were briefed on the importance and scale of this mega city endeavor by the Chairman and CEO Mr. Rashid Aziz along with his team.
China Road and Bridging Company (CRBC), a member company of 4C conglomerate, from China signed MoU with Ravi Urban Development Authority (RUDA) for an investment of over $ 5 billion into the project. The company has already completed major infrastructure projects like Sukkur Bypass, Mansehra- Haveleian-Thakot new express way, Sukkur Multan Motorway and many others under CPEC in Pakistan.
Gezhouba Group Company Limited (CGGC), largest Hydro Power developer company in Pakistan from China, signed MoU for firming up Frame Agreements for investment and executing development works in different zones of the city. Group is now into final phase of planning time lines and to finalize the investment package for the project in weeks as deadlines of the Government are aggressive.
CGGC are builders of Neelum Jhelum power project and are currently working on Pakistan major Hydro Power dams at Dassu and Mohmand. They are also investing and constructing Sukhi Kinari IPP in kaghan valley. These hydro power dams are also major initiative of the present government with investments of billions of dollars for generation of cheap hydro power energy.
The Chinese companies showed interest in carrying out major infrastructure of river works besides developing urban infrastructure of city zones and waste water treatment plants, and modern technology for agriculture in Ravi Agro farms zone enhancing the agriculture produce. These companies shall also invest in Solar Power plants, Waste to energy Power units in the city along with putting up solar modules for home power solutions as per theme of the Green city for Ravi river city.