FGEHA to Outsource 4 Amenity Plots in 2 Islamabad Sectors

The Federal Government Employees Housing Authority (FGEHA) in Islamabad has decided to outsource the development of four amenity plots in sectors G-13 and G-14. These plots, which include a hospital, two dispensaries, and a school, will be offered to private firms through a public-private partnership and joint venture model under a Design, Build, Finance, Operate and Transfer (DBFOT) contract.

The agreement will last for an initial 20 years, with the possibility of an additional 10-year extension. The FGEHA board has also authorized the issuance of an open call for Expressions of Interest and Requests for Proposals to ensure a competitive bidding process. The selected private partner will be responsible for financing, constructing, operating, and maintaining the facilities, while FGEHA will retain ownership of the land.

The move is expected to attract private investment and operational expertise, ultimately benefiting the development of health and education facilities in these populated and developing sectors.

Brief written by urgent.news from ProPakistani's own syndicated text. Machine-written — may contain errors; check the original before relying on it.