Govt. green-lights multi-storeyed car parks in selected cities under PPP

Wednesday, 14 October 2020 02:24 - - {{hitsCtrl.values.hits}}

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.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.