Lahore Development Authority (LDA) is planning to construct 28-storey-high twin towers.
The multibillion dollar project will offer a panoramic view of the city and will feature rooftop restaurant, offices, department stores, food outlets and a cinema.
According to the LDA, the twin towers will spread over an area of 22 kanals and will cost around Rs. 4.5 billion. It will be located on Jail Road and will be the biggest commercial hub in the city.
Moreover, the project will be administered under the management and transfer of property laws given in the Development Authorities Act, 2014.
As per the proposed terms, land will be provided by LDA for the project, whereas the private partners will be responsible for design, financing, construction, marketing, sales and management of the project.
Furthermore, a restaurant will be set up on the vacant rooftop. EOIs from local and multinational restaurant chains have been invited by LDA for setting up the outlets on around 8,000 square foot.
The officials also revealed that the project is a joint venture under public-private partnership and over 100 Chinese companies have shown interest in the construction of the twin towers.
The background, objective and the technical details of the project was revealed by the Director General of LDA, Zahid Zaman. He mentioned that CM has instructed to equip the twin towers with modern facilities.
LDA has formally invited expressions of interest (EOI) from renowned companies for the construction of the twin towers on joint venture basis. The deadline for submission of EOIs for the project is May 24.
Pre-qualification documents for the project can be obtained from the office of LDA chief engineer or the official website of LDA.