The Punjab government has allocated Rs. 4 billion for the Rawalpindi Ring Road (R3) project to settle its liabilities by the end of the 2023-24 fiscal year.
Commissioner Aamir Khattak mentioned that additional funds would be provided in the next fiscal year to ensure the project’s completion by December as scheduled.
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This fiscal year, Punjab allocated Rs. 7.8 billion for the construction of the Rawalpindi Ring Road after acquiring the land. The revised project has been approved by the Planning and Development Department, with approvals from the Central Development Working Party and ECNEC expected soon.
Khattak also announced the initiation of two more projects: the Kutchery Chowk expansion and a signal-free corridor from Ammar Chowk to Pirwadhai Mor, set for the upcoming fiscal year.
The cost of the Rawalpindi Ring Road (R3) project has increased from Rs. 31 billion to Rs. 38 billion.
The project spans 38.3 kilometers from Baanth (G.T. Road) to Thalian (Motorway) and includes five interchanges: Baanth, Chak Beli Khan, Adiala Road, Chakri Road, and Thalian.
An industrial zone will be developed around the Ring Road, which will feature six lanes and controlled access, with a design speed of 120 km/h.
