Chairman CDA approved two projects, 1) construction of "office complex" in blue area and 2) "auto care complex" in I-11 sector. In these two projects, CDA will rent out offices, workshops and showrooms so that it may generate millions Rupees on monthly basis.
In order to construct these two towers, It will issue CDA Municipal Bond to get earning of three billion rupees. CDA will refund this amount with mark up in three years. Chairman CDA appointed Deputy Director Benish as Project Director for Municipal Bonds.
For issuing Municipal Bonds, NOC is being arranged from Finance Division. From these towers not only CDA will get earning but also General public will get facility of offices, workshops and showrooms as well.
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