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The Privatisation Commission (PC) has inivited real state developers to
sell the land owned by Pakistan Engineering Company Limited (PECO), (Badami
Bagh Works), Lahore, on an “AS-IS-WHERE-IS” basis through competitive bidding
process.
PC has offered the interested parties to participate in the bidding process
for purchase of the land at Badami Bagh, Lahore. The property being offered is
in two (2) lots namely Block A (159 Kanals, 07 Marlas and 207 Sq.ft.) and
Block B (100 Kanals 12Marlas and 144 sq.ft). The plot of PECO, Badami Bagh
land is situated in the South of Lahore Railway station and in the North of
Badami Bagh Railway station. This is a commercial area, accessible by roads
and railway siding. The site is ideally located in the heart of thriving steel
market of Badami Bagh. The Badami Bagh timber market is also in close
proximity of the site.
PC has asked the Interested parties to furnish their Expression of Interest (EOI)
clearly stating which Block is of interest as described above alongwith
non-refundable processing fee. The final date for bidding will be shortly
announced and conveyed to the parties participating in the process through
submission of EOIs latest by August 6, 2005.
The Interested parties submitting EOIs have been informed that they will be
provided details of the land alongwith Bid Documents from the Privatisation
Commission, in such form, time and manner as Privatisation Commission deems
fit and will be given opportunity to visit the site on any working day on
prior written appointment with the Privatisation Commission. THOSE WHO HAVE
ALREADY SUBMITTED THEIR EOIS IN MAY, 2005 NEED NOT RE-APPLY, HOWEVER THEY MUST
INFORM THE COMMISSION IN WRITING OF THEIR INTEREST IN BLOCK A OR BLOCK B
LATEST BY 2ND AUGUST, 2005.