Construction of the parking cum commercial plaza at Banni Market, Rawalpindi

Projects

Construction of the parking cum commercial plaza at Banni Market, Rawalpindi

Sponsoring Agency

Local Government & Community Development Department/Metropolitan Corporation Rawalpindi

Implementing Agency

Punjab PPP Authority/LG&CD Department Rawalpindi, Metropolitan Corporation Rawalpindi

Locations

 Banni Market Rawalpindi

Available land

10 Kanal 3.4 marla

Gestation period

08 Months (Including 02 months of TA hiring)

Sources of revenue

  • Parking Fee
  • Rent from commercial shops & offices
  • Revenues from advertisements

Estimated project cost

PKR 1814.65 Million

Current Status

Hiring of TA under process

 

Objectives

  • Provide state of the art and well managed parking facilities to cater needs of the people and resolve parking issues
  • Smart growth of Rawalpindi city through urban renewal and streets maping
  • Improvement of accessibility, reduced traffic congestion and travel time saving
  • Provision of service-oriented tenants and retail opportunities within parking plaza will draw consumers from neighboring areas thus adding to the ‘base economy’ and enhance regional competitiveness
  • Increase value of nearby residential, retail and commercial property