Kashmiri expatriates-owned private entrepreneur and Mirpur Development Authority [MDA] signed a memorandum of understanding [MOU] for the construction of three crossing bridges for pedestrians at the busiest central Allama Iqbal Road – besides installation of traffic signals at major streets of this ancestral city of over a million of UK-based Kashmiri expatriates.
M/s AJ Building Mart will bear all the expenditures to over Rs30 million for both of the projects from its own resources without relying on any financial requirement from the Mirpur Development Authority [MDA], which is already passing through financial crunch due to the paucity of required funds from its own resources.
MDA DG Ch Ejaz Raza and MD AJ Builders Mart Ajmal Hussain signed the MoU for the construction of three Pedestrian Steel Bridges in front of MUST varsity campus, Divisional Headquarters Hospital and at Central Naangi shopping on main Allama Iqbal Road besides installation of traffic signals at Azad Megamart Chowk, Quaid-e-Azam chowk and at various sites on Mian Muhammad Road, Allama Iqbal Road and other busy streets of the city.
Under the MoU, the AJ Builders Mart would construct traffic signals at six different sites besides construction of three crossing bridges for pedestrians at Allama Iqbal Road.
Traffic signals would be installed in the stipulated timeframe of one year whereas the bridges would be constructed in a two-year period.
Unveiling salient features of the project and details of the MoU, Director Planning and Horticulture MDA Mirza Kaleem Jiraal said that under the MoU, the “MDA” seized and possessed the specified land where six (6) traffic Signals and three (3) pedestrian crossing bridges, to be built and installed at the above sites.
The MDA has agreed to lease the aforesaid “PREMISES” to the “LESSOR” for the purposes of management and exclusive marketing rights with effect from the date of signing this agreement on the following terms and conditions, he added.
