The government of Punjab has approved development projects including the third phase of the Urban Environment Improvement Program (UEIP) of Rs 500 crore and the development of the Ranjit Sagar Dam lake worth Rs 450 crore.
The decision was taken at a meeting of the Executive Committee (EC) of the Punjab Infrastructure Development Board (PIDB).
The UEIP Rs 500 crore phase 3 approval focuses on the modernization of infrastructure in 167 urban local authorities.
A special component program was approved by the committee with funding of Rs 250 crore by PIDB for other urban development activities.
The Rs 450 crore Ranjit Sagar Dam lake in Pathankot will be developed as an international standard tourist destination in the public-private partnership (PPP) model.
News Source: ConstructionWorld
