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CDA de-seals Grand Hyatt project - Newspaper


The BNP Group project, One Constitution Avenue, has been de-sealed after the developer deposited Rs1.7 billion with the Capital Development Authority. Photo by Mohammad Asim/File
ISLAMBAD: The BNP Group project, One Constitution Avenue, has been de-sealed after the developer deposited Rs1.7 billion with the Capital Development Authority (CDA) on account of first installment of Rs17.5 billion.
The CDA’s building control directorate de-sealed the building on Wednesday,
Dawn has learnt.
A letter issued by an official of Estate Management Wing of CDA on Wednesday stated: “With reference to orders of the Supreme Court and direction of the Public Accounts Committee (PAC) issued during the meeting held on Nov 18, I am directed to inform that M/S BNP has submitted Performance Bank Guarantee amounting to Rs1,689,314,167 on account of 1st installment.” ....

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