Multi-level car parking at T Nagar soon

Published: 10th July 2013 07:48 AM  |   Last Updated: 10th July 2013 07:49 AM   |  A+A-

The State government has given its administrative sanction for the construction of a multi-level car parking at Bashyam Road in T Nagar at a cost of Rs 25 crore. The parking facility will be set up on a Design, Build, Operate and Transfer (DBOT) basis. 

The fully automatic multi-level car parking will be coming up in an area of 1,600 sq.m (seven grounds), available at Bashyam Road in front of Panagal Park. Since the project is proposed under DBOT basis, the cost will be borne by the operator. As such,  there will not be any expenditure for the Chennai Corporation.

The Tamil Nadu Urban Infrastructural Financial Services Limited has appointed M/s Jones Lasalle as consultant for this project for preparation of a detailed project report and the consultant has submitted its feasibility report.

The Chennai Corporation Council, in its resolution on August 24, 2012, accepted the proposal of the consultant after certain modifications. At present, the Chennai Corporation is collecting street parking fee for four wheelers at Rs 5 per hour, while no parking fee is collected for two wheelers. The council has accorded approval for charging Rs 30 per hour for four wheelers and Rs 7 per hour for two wheelers.

T Nagar is a major commercial hub and frequented by thousands of people daily.  Available parking space in this area is very meagre and all the adjoining roads and streets are chocked with parking vehicles. The multi-level parking facility is proposed to mitigate this problem.

Stay up to date on all the latest Chennai news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp