Realising the severe shortage of parking space for vehicles in the city, the Hyderabad Metropolitan Development Authority proposes to construct an exclusive automated multi-level parking facility at Ameerpet in the city.

Another automated multi-level parking-cum- retail commercial complex at Kothapet in Saroornagar will be constructed in public- private partnership.

The automated multi-level parking facility in the busy Ameerpet area, estimated to cost `27.30 crore, will go a long way in easing the traffic congestion at and around the proposed metro railway station at Ameerpet as two metro rail lines will cross at Ameerpet.

The HMDA, under its core objective of providing integrated transport infrastructure development for the city, envisages the need for adequate parking space in the city.

The proposed parking structure will be less than 18 metres high in accordance with the norms of Airports Authority of India (AAI) and will be safer than parking on road margins as at present.

HMDA officials told Express that the proposal for the multi-level parking facility had been approved by the excecutive committee of HMDA a few days ago. HMDA has appointed Ernst & Young Ltd as transaction advisor consultant who will assist it form the stage of concept development till commercial operations.

The TA consultant has prepared a project assessment report in respect of the facility at Ameerpet. After conducting the study of the present and projected demand, the consultant estimated that over 20 four- wheelers and 200 two-wheelers can be parked in the proposed location.

The consultant suggested a few project structuring options which were examined by the technical committee on PPP projects (consisting of members from  HMDA, INCAP, MAUD, finance and ASCI) at a meeting held in July this year. After discussions, the committee recommended to the HMDA to go in for an exclusive parking facility.

In the PPP model the concessionaire will be responsible for development, operation and maintenance of the automated multi-level parking for a 15-year concession period during which the grant is expected to be  up to 45 percent of the project cost ie, Rs 10.30 crore which will be the bid parameter.

The project will be awarded to whoever gives the lowest grant.

The consultant is preparing the bid documents for selection of developer. As the project falls in the GHMC area, HMDA, through the government, has sought a grant-in-aid of `10.30 crore to make the project financially viable without any commercial component.

The HMDA proposes to develop another multi- level parking complex on a land of 2.24 acres at Kothapet near Saroornagar commercial complex in LB Nagar.

The project site is located in one of the major suburbs of the city and has high potential for growth of retail business due to the location of many residential colonies in the area.

It will be taken up in the PPP mode. The land will be provided by HMDA to the private developer for a specific concession period. HMDA will select transaction advisor consultant for selecting the developer of the complex at Kothapet.