As per DCiP sources, Benevolent Fund department will provide Rs. 2 billion to LDA. Land casting will be done in Rs. 1 billion and 400 million. LDA will provide Rs. 600 million to contractors and Rs. 504.7 million will be obtained through advance booking. Advance booking is expected to start after the construction of first ten floors.
Twin tower will be built on a plot on Jail road next to Qurban lines beside Lahore Cantonment railway station.
Twin tower will be 300 ft tall structure and will have 25 floors above ground and 4 basements. It will be a mixed-use building. Features are as follows:
- Commercial Center
- Shopping Mall
- Swimming Pool
- Five star hotel
- Roof top restaurant
- Food Court
Timeframes and deadlines
Pre-qualification of contractors will be completed by 15 August 2017. Tender documents will be provided to contractors in September 2017. Successful contractor will get Civil Contract Award in October 2017.
Construction of basement will be completed by 15 January 2018. First 3 floors will be completed by May 2018. 10 floors will be completed by Oct 2018. While entire 25 floors structure will be topped out in June 2019. After that interior work and cladding will start.