Lahore: Punjab Central Business District Development Authority (PCBDDA) as well as Central Business District Punjab (CBD Punjab) has successfully received and opened financial and technical bids for Celestia Tower to be built in CBD NSIT, the main and largest IT hub of Pakistan. City of IT.
The NSIT Celestia Tower project has attracted bids from several renowned construction companies including Habib Construction, Maxons, EDCO King Concrete and Hasnat Builders. This company has submitted a sealed bid that includes financial and technical components that provide a comprehensive evaluation work. This proposal was announced by all the participants attending the opening ceremony.
Key officials of CBD Punjab, Director of Finance attended the bid opening. Their participation shows the importance of the project and the commitment of CBD Punjab to maintain transparency and integrity in the entire trading process.
The opening of the proposal is the first step in a thorough evaluation process. Each proposal will undergo a thorough evaluation of technical skills and financial viability. The acceptance of securities, which is an important part of the trading process, will also be approved. After this thorough review, the contract for Celestia Tower will be officially awarded to the highest qualified bidder. Contract awards will be announced in due course to inform all interested parties.
Punjab CBD Executive Director expressed confidence in the capabilities of all participating companies. He reiterated that the contract award process will strictly comply with all applicable rules and regulations that emphasize transparency and fairness. We are confident in the capabilities of all companies that submit proposals. The selection process will be carried out transparently in accordance with all the prescribed guidelines and standards.
Celestia Sky is envisioned as a state-of-the-art 19-story building that will become a landmark in the region. The project is expected to be completed in 14 months with an investment of around PKR 7 billion. Once completed, the Celestia Tower will not only enhance the architectural image of the area, but also contribute significantly to the local economy by creating jobs and attracting business investment.
Punjab CBD’s commitment to this project reflects its broader mission to ensure economic growth and urban development in Punjab. Celestia Tower is part of the NSIT City project, which aims to create a hub for technology and innovation. By supporting such development, the Punjab CBD aims to position the region as a competitive player in the global market, attracting global and international business.
