The Times of India 10.07.2013
Multi-level parking in T Nagar gets nod
CHENNAI: The proposed multi-level parking facility on T Nagar's Bashyam Road, adjacent to Panagal Park, got the go-ahead on Tuesday from the state government.
Sources in the corporation said tenders were expected to be floated in a couple of weeks. The 25-crore facility is likely to built on a design, build and transfer basis. "The contractor may have to maintain and manage it for 30 years, paying the corporation an annual fee of 3.20 lakh."
The facility, which will comprise six or seven levels and be able to hold around 510 four-wheelers and 918 two-wheelers, will have security cameras and electronic ticketing counters.
The corporation adopted a resolution accepting an August 2012 report and approved the fixing of 30 per hour as parking fee for cars and 7 per hour for two-wheelers.
Many motorists feel the proposed parking fee for four-wheelers is higher than it is even in malls. "It's good to have a multi-level parking facility here. But 30 per hour is not viable," said Manoj Kumar, a regular to T Nagar.
The feasibility report for the project was submitted by Jones Lang LaSalle, which prepared a detailed report for the complete redevelopment of T Nagar.
