Broadway Parking Lot in India Goes Automated

Posted on | January 28, 2011 | Comments Off on Broadway Parking Lot in India Goes Automated

CHENNAI: Aiming to easing traffic congestion in north Chennai, the Chennai Corporation has decided to begin construction of an automated car parking system on the southern end of Broadway MTC terminus. Exactly two years after giving its nod for the project, the elected council of the local body which will meet on Monday to give the formal go-ahead to the lowest bidder, IVRCL Assets and Holdings Limited.

The corporation zeroed in on IVRCL after three unsuccessful biddings in the past. As per the plan, the corporation will get concession charges to the tune of Rs 81 lakh and a hike of 5% every year from the contractor. “The council will approve the contract firm and work order will be issued immediately thereafter. The agency will take 18 months to build the system and put it to public use,” mayor M Subramanian told TOI. Under the design-build-own-operate-transfer basis, the contractor will run the car park for 20 years before handing it over to the corporation.

It was after a study by Crisil Risk and Infrastruction Solution Limited in 2008 that the local body embarked on the massive project to resolve traffic congestion in and around Broadway, the city’s bustling commercial district. As per the consultant’s report, the automated system shall be built in an area of 3,000 sq m to accommodate 500 four wheelers and 660 two-wheelers at any given time.

The identified bidder, according to officials, has suggested entry of vehicles from Esplanade and exit through Narayanappa Street near Raja Annamalai Mandram.

The parking fee structure will be similar to the one that will be in place at the automated parking system coming up at Wallace Garden First Street in Nungambakkam, near Apollo Hospitals. The company will collect Rs 20 for the first hour of parking and an additional Rs 10 for every subsequent hour. For two-wheelers, the fee will be Rs 5 for the first hour and an additional sum of Rs 5 for every subsequent hour. Seasonal ticket will cost Rs 1,500 for cars and Rs 500 for two-wheelers.

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