The Cabinet this week approved the construction of multi-storey car parks and the implementation of mixed-development projects in selected cities including Colombo.
The proposed project will see the construction and maintenance of car parks by investors selected through an open competitive procurement process and is aimed at minimising the daily traffic congestion caused due to the influx of vehicles towards Colombo and the suburbs.
The Cabinet granted approval for the project which had been proposed by Prime Minister Mahinda Rajapaksa as the Minister of Urban Development and Housing.
According to Cabinet Spokesman Keheliya Rambukwella, the proposed program will be implemented under two methods.
Invitation of proposals from the private sector investors will be called for the construction of general multi-storied vehicle parking premises and mechanical parking stations at eight venues within Colombo and the cities of Battaramulla, Anuradhapura and Kandy as a Public-Private Partnership (PPP).
“Invitation of proposals for the construction of general multi-storied vehicle parking premises and mechanical parking stations with other appropriate projects including housing units, office spaces etc. in Narahenpita, Telecom car park in Pettah, a parking venue at the Otters Sports Club Colombo-7 and Kinsey Road – Colombo-7 is planned that it will generate the expenditure of the project itself in on the pre-sale basis,” Rambukwella added.