Ring Road Southern Loop 3 Update | Ring Road Open Now | Ring Road Latest Update

In this video you will get complete uodate about ring road southern loop 3. It starts from Raiwind Road and ends at Multan Road. The alignment passes through Bahria Town, NFC-II and ends at Interchange to be constructed on Multan Road Southern Loop, SL-III PPP Steering Committee in its 40th meeting held on 19-03-2019 approved the project titled "Engineering, Procurement, Construction, Finance, Operations and Maintenance of the Lahore Ring Road (Southern Loop, SL-III)" on PPP Mode under the Build-Operate and Transfer (BOT) basis. Subsequently, Request for Proposal (RFP) was floated in national / international publications on 30-04-2019 with bid submission date 13-06-2019 extended up to 18-07-2019. M/s NLC (National Logistic Cell) submitted its bid on specified date through single stage three envelope bidding procedure as per PPP Act-2014 (amended in 2019) and the same was evaluated as per RFP. M/s NLC successfully prequalified and afterward found technically responsive during evaluation. Financial bid of M/s NLC was approved by the PPP Planning and Monitoring Board in its meeting held on 28-11-2019. Accordingly, Letter of Intent (LOI) was issued on 18-12-2019 to M/s NLC. Salient Features The salient features of SL-III are: Mode of Construction: PPP Mode (BOT) Financial Close: 3 Months Substantial Completion: 9 months (from date of signing) Concession Period including Construction: 25 years Length of Project: 8.00 km Project Cost: Rs. 8.004 billion ROW: 90m Interchanges: 2 Bridges (Main Carriageway): 3 Subways: 3 Design speed: 120 km/hr Other Features The other features of SL-III are enlisted below: 25 years' operations and maintenance of SL-III Installation of intelligent transportation system on the project Electronic toll collection system Horticulture and landscape of SL-III Tree plantation all along the road Weigh stations at entry points Integration with integrated command, control and communication center (Safe City Project) For More Information You can contact us 0322 322 866 1 #bahriatown #realestate #plotsforsale #house #imrankhan #fwo #ringroad #punjabgovernment #punjabgovt #ringroadlahore #pakistan #megaprojects #bahriatownpeshawar #bahriatownrawalpindi #bahriaorchard #investment #investing