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Showing posts from February, 2009

Chinese firms to undertake urban development project

ISLAMABAD - Two leading Chinese firms would undertake the urban development projects in three quake affected cities Muzaffarabad, Bagh and Rawlakot. An umbrella contract for the AJK urban development project was signed here at Earthquake Reconstruction and Rehabilitation Authority (ERRA) in presence of the President AJK Raja Zulqarnain, PM AJK Sardar Muhammad Yaqoob, Federal Minister for Kashmir and Northern Affairs (KANA) Qamar-uz-Zaman Kaira and Chinese ambassador H.E. Luo Zhaohui. The Contract was signed by representatives of two Chinese construction companies and ERRA deputy chairman Lt Gen Sajjad Akram. In order to assist Pakistan to complete the development work in earthquake affected areas, China offered credit worth $300 million whereas Pakistan government contributed additional $53 Million to complete the reconstruction projects, said ERRA deputy chairman in his address to the ceremony. Meanwhile, for smooth and effective implementation of Muzaffarabad city development projec