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PIPDIC, nodal agency for multi-storeyed parking complex

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Giving way: An aerial view of the old prison complex on Jawaharlal Nehru Street in Puducherry.
Giving way: An aerial view of the old prison complex on Jawaharlal Nehru Street in Puducherry.

Rajesh B. Nair

Once it comes, traffic scenario will change for the better

PUDUCHERRY: The government has appointed the Pondicherry Industrial Promotion Development and Investment Corporation as the nodal agency to execute the proposed Off-Street Multi-storeyed Parking Complex in the old jail premises on Jawaharlal Nehru Street.

While PIPDIC had been appointed as the nodal agency, the government had taken in-principle agreement to appoint Infrastructure Leasing and Financial Services, (ILFS) one of India’s leading infrastructure development companies, as consultant for the project, Home Minister E.Valsaraj told The Hindu.

Transaction advisor

The ILFS would be the transaction advisor for the government in executing the project. The infrastructure development company would conduct the market survey, demand assessment and financial viability of the project.

After proper assessment, the company would design the project and float the tender to invite private parties for constructing the parking complex on public private partnership model.

1000 vehicles at a time

Around one acre of land available in the old prison complex would be converted to a multi-storied parking complex.

The parking area would be developed in a way that it could accommodate more than 1000 vehicles at a time he said adding that the consultant would study the feasibility of providing shopping malls and entertainment avenues, to particularly target weekend tourists.

“The entire process was moving fast, so that the town was decongested. Once the parking complex comes, the traffic scenario would change for the better,” Mr.Valsaraj said.

Once the multi storied parking was provided, at least one kilometre around the complex would be made no parking zone.

Shop-owners on Jawaharlal Nehru Street, parts of Mahatma Gandhi Road and Mission Street and customers can use the facility.

Apart from locals, those going on long vacations, particularly foreigners can park their vehicle on a monthly rental basis, an official in the Traffic Department said.

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