Peshawar Model Town
There is a backlog of 1.27 million houses in Khyber Pakhtunkhwa province with increasing annual demand of 120,000 units. As a provincial metropolis, the existing road infrastructure and bazaars of Peshawar have become congested and too narrow to cater to the needs of ever-increasing population. Traffic management and security concerns typified by mushroom housing societies are the biggest challenges facing the local authorities.
There is a dire need to develop new housing schemes in the vicinity of the city with a centrally controlled inbuilt system of security to attract both citizens and investors. Such projects would help in resolving the accommodation problems of the public and would ensure the fulfillment of the expectations of the general masses specially the low earning and poor segments of society.
The proposed housing scheme will span 29250 acres and will house approximately 81,268 residential plots for the general public. It will include facilities for Provincial Assembly, media enclave, sports, recreational parks, water sports, high rise apartments and the commercial corridor. The proposed scheme is accessible from both the Motorway and the Grand Trunk road.
An agreement worth $5.00 billion with Frontier Works Organization is in offing for Infrastructure development i.e. roads, water supply, sewerage, drainage, electricity, SUI gas as well as marketing of the township.
In investment context, the proposed project will offer quick profitable returns for the investors. The commercial areas, amenities plots and auction able housing plots will be a major source of generation of funds. Skilled and semi-skilled labour and construction material is already available in the area. The said Housing scheme will not only elevate the living standards of general public but will also create job opportunities for the skilled and unskilled labour. The project will increase the housing stock in the province for people belonging to all walks of life. It will cap the haphazard growth of housing schemes from other developers.
The project provides an opportunity for the donor agencies / investors for investment and to recoup the capital investment with profit. It can be executed through preferably Public Private Partnership (BOOT/BOT) or any other mode mutually agreed by both the parties. The project is open for all the state-owned, state-supported and private entities.