The Times of India        05.01.2012

Consultant submits multi-level parking plan for Broadway

Besides Broadway, the
corporation has proposed this facility at three other areas – Wallace
Garden in Nungambakkam, Broadway Terminus, Panagal Park in TNagar and
NSC Bose Road.

“It is expected that the CMDA approval will
speed things up,” said a senior corporation official adding that the
project was delayed as contractors didn’t show any interest initially.
The civic body liberalized some of the project terms after the even
fourth tender got poor response. Now, the contractor will be allowed to
use three floors for commercial purposes.

ITRCL will have to
pay Rs 81 lakh to the civic body annually for 23 years. The civic body
will collect an additional 5% after the first year. ITRCL will have to
design, build and operate the automated parking lot before transferring
the rights back to the corporation at the end of the concession period.

Sources said four-wheelers will be charged Rs 20 for the first hour and
Rs 10 for every additional hour. For two-wheelers , the fee will be Rs 5
per hour. Car owners can get a monthly ticket for Rs 1,500, while for
bikers it will cost Rs 500.

Work on the Rs 30-crore parking
facility at Wallace Garden in Nungambakkam had already begun by the
consortium formed by the Marg Group and Apollo Hospitals. The
Nungambakkam parking lot will also have commercial spaces for the
contractor, which it has to hand over to the corporation after 18 years.

In case of the Panagal Park facility, the corporation will
appoint a consultant for a feasibility survey by the end of this month,
while it is preparing a detailed report for the Rs 4-crore NSC Bose
parking lot.

“The feasibility report from the consultant will
speed-up this project but there are some legal hurdles which is
affecting this project. However, the parking lot at the NSC bose will be
constructed by the civic body itself ,” said an official.