Winning bid: Saudi-German venture set to take over parking lots
The agreement is expected to be signed in January.
The agreement is expected to be signed in January.
LAHORE:
A joint venture between Saudi company Advanced Global Communication Networks and German firm Green Park is set to sign an agreement with the Lahore Parking Company to take over the city’s parking lots, The Express Tribune has learnt.
Its earlier proposal presented in October failed to impress the evaluation committee consisting of LPC board members and government representatives.
The October presentation had lacked specifics about how and when the parking lots would be taken over and automated.
A delegation representing the two companies had held several meetings with the Lahore division commissioner and the LPC chief executive officer in December to answer their questions regarding the project.
The International Agreement for Establishment of Operations and Management of Automated Parking Sites in Lahore would be signed in January, an LPC official said.
He said 66 parking sites would be handed over to the Saudi-German venture over a period of five months in the first phase of the project.
He said under the agreement, the two companies would be required to install barriers at entrances and exits, install cameras and integrate the monitoring system.
He said the companies would issue e-receipts for street parking and monitor the parked cars through CCTV cameras.
He said in the second stage, the companies would take over 180 parking sites of Lahore.
He said the companies were expected to generate Rs9.3 billion revenue in seven years.
He said the agreement covered only 246 parking sites.
He said LPC was expected to take over 100 more sites from the government but these would not be available to the Saudi-German venture. Instead, the LPC would invite fresh international bids for these.
Lahore Parking Company CEO Taseer Ahmed said the company wanted to hand over the contracted sites to the Saudi-German companies as soon as possible.
“We are not focusing on revenue,” he said. “Our main aim is to improve service delivery.”
He said the LPC was also looking to address the problem of street parking that hindered traffic.
He said the LPC would work closely with the contractors.
Commenting on illegal parking sites, he said the LPC did not have the authority to check those sites at the moment.
He said the company was also working on its bylaws. He said currently the company could only request the city government to check parking sites and this made for weak enforcement.
Published in The Express Tribune, December 29th, 2013.
A joint venture between Saudi company Advanced Global Communication Networks and German firm Green Park is set to sign an agreement with the Lahore Parking Company to take over the city’s parking lots, The Express Tribune has learnt.
Its earlier proposal presented in October failed to impress the evaluation committee consisting of LPC board members and government representatives.
The October presentation had lacked specifics about how and when the parking lots would be taken over and automated.
A delegation representing the two companies had held several meetings with the Lahore division commissioner and the LPC chief executive officer in December to answer their questions regarding the project.
The International Agreement for Establishment of Operations and Management of Automated Parking Sites in Lahore would be signed in January, an LPC official said.
He said 66 parking sites would be handed over to the Saudi-German venture over a period of five months in the first phase of the project.
He said under the agreement, the two companies would be required to install barriers at entrances and exits, install cameras and integrate the monitoring system.
He said the companies would issue e-receipts for street parking and monitor the parked cars through CCTV cameras.
He said in the second stage, the companies would take over 180 parking sites of Lahore.
He said the companies were expected to generate Rs9.3 billion revenue in seven years.
He said the agreement covered only 246 parking sites.
He said LPC was expected to take over 100 more sites from the government but these would not be available to the Saudi-German venture. Instead, the LPC would invite fresh international bids for these.
Lahore Parking Company CEO Taseer Ahmed said the company wanted to hand over the contracted sites to the Saudi-German companies as soon as possible.
“We are not focusing on revenue,” he said. “Our main aim is to improve service delivery.”
He said the LPC was also looking to address the problem of street parking that hindered traffic.
He said the LPC would work closely with the contractors.
Commenting on illegal parking sites, he said the LPC did not have the authority to check those sites at the moment.
He said the company was also working on its bylaws. He said currently the company could only request the city government to check parking sites and this made for weak enforcement.
Published in The Express Tribune, December 29th, 2013.