Islamabad: The Capital Development Authority opened financial bids, receiving offers of Rs4.2 billion for the Serena interchange and Rs4.1 billion for the PTCL Chowk. As a result, the massive projects to streamline traffic at two significant intersections, Serena Chowk on Khayaban-i-Suharwardi and PTCL Chowk on 9th Avenue, will likely begin later this month.
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After the lowest bidders receive their work orders, the work will officially start. Three companies had originally filed technical bids; however, one of them was rejected since it did not satisfy the strict requirements set forth by the local government.
Habib Construction Services selected the Serena interchange project, and Maakson Engineering Corporation won the PTCL Chowk project. However, the bids from both businesses were more than the amount specified in the tender.
According to officials, the Serena Interchange project’s notice inviting tender (NIT) cost is Rs4.086 billion. Habib Construction Services (HCS) submitted the lowest proposal, which is Rs4.24 billion and 3.9% higher than the NIT cost, to the CDA.
Maakson Engineering Corporation put up a bid that is Rs4.310 billion, or 5.5% more expensive than the NIT. Maakson put in a proposal of Rs4.1 billion for the PTCL Chowk, which is 9.9% more than the Rs3.7 billion NIT cost. Habib Construction Services put up a bid of Rs4.14 billion, which is 11% more expensive than the NIT.
Following the timeline of the work, the CDA official stated, “We will now place the bids before the CDA chairman for formal approval before the issuance of the work orders; hopefully, work will be started any time this month”.
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These two projects will take six months to finish once they get underway. It is important to remember that traffic congestion is frequent at these two locations, especially during rush hours. Although the CDA had been announcing that it would address this matter for several years, the current management finally took the lead.
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