ISLAMABAD: The Directorate of Municipal Administration (DMA) has successfully auctioned the Islamabad’s G-9 and I-11 bus stands for Rs81.6 million and Rs38 million per year, respectively.
In the previous auction, the G-9 bus stand was leased for Rs37.9 million, but this time it fetched over Rs81 million, marking a 104% increase. The I-11 bus stand saw an even bigger jump, rising from Rs6.5 million to Rs38 million per year, a 400% increase.
According to the DMA, both bus stands had been under self-collection since 2019 after previous auction attempts failed due to contractor monopolies.
“At the G-9 bus stand, under the leadership of Director DMA Dr Anam Fatima, annual revenue improved significantly. Monthly collections doubled from Rs2.5 million to Rs5.5 million by mid-2025, restoring investor confidence and leading to a successful auction,” the DMA said in a press release.
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The G-9 stand was awarded for three years at Rs81.6 million per year, with a mandatory 10% annual increase. The I-11 stand also recorded strong growth, fetching Rs38 million per year in the recent auction.
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In other developments, the Capital Development Authority (CDA) has completed six major projects worth around Rs23 billion in less than one year. Since the current management took over in May last year, several road and infrastructure projects have been successfully completed.
The projects include the Jinnah Square Interchange at Serena Chowk and Jinnah Convention Chowk, the Jinnah Square Murree Road Interchange completed in 35 days, and the Tayyip Erdogan Interchange at F-8 Chowk.
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Other completed projects include the Expressway (PWD Underpass to G T Road), Expressway (Korang to PWD Interchange), Park Road widening (Tramari Chowk to Rawat Chowk), renovation of the Convention Center, and construction of car parking plazas in commercial areas.
CDA Chairman Muhammad Ali Randhawa recently visited the T-Chowk Flyover project, where 12 piles have already been completed. He directed that all utility services affected by the project should be safely relocated as soon as possible and stressed that the project must meet deadlines while maintaining high-quality standards.
