Chinese companies and a global investment consortium have shown interest ininvesting $8 billion in Ravi City Project in Lahore.

Prime Minister, Imran Khan, was informed of this while he was chairing themeeting of the working group the Ravi Urban Development Authority (RUDA)and the Pakistan Island Development Authority (PIDA).

Relevant officials also briefed the PM on the progress of the ongoingprojects.——————————

Regarding the Ravi City project, the officials informed that the Chineseinvestors were offering $3 billion in investment. This amount will not be aloan rather, it will be FDI. The global consortium, ANGCC, has alsoexpressed interest in bringing in $5 billion in investment for the sameproject on a partnership basis.

In response to these, a board has been constituted, which will beginworking on the project in January.