Cabinet approves mixed development projects in Colombo & other Cities

58

A programme to construct and maintain vehicle parks by investors selected as per the open competitive procurement process has been planned with a view to minimizing the daily traffic congestion caused due to the influx of vehicles towards Colombo and the suburbs.

The Cabinet of Ministers approved the resolution for the implementation of this project under the following two (02) methods.

Invitation of proposals from the private sector investors for the construction of general multi-storied vehicle parking premisses and mechanical parking stations in 08 venues within Colombo and the cities of Battaramulla, Anuradhapura and Kandy as a State-Private Joint Venture.

Invitation of proposals for the construction of general multi-storied vehicle parking premisses and mechanical parking stations in Narahenpita, Telecom car part in Pettah, parking venue at a Sports Club – Colombo 07 and Kinsey Avenue – Colombo 07 with other appropriate projects including housing units, office spaces etc so that the expenditure for the project can be generated from the project itself on the pre-sale basis.