Construction of the Parking Plaza with shopping mall at Old Mayer House, Faisalabad

 

Project

Construction of the Parking Plaza with shopping mall at Old Mayer House, Faisalabad

Sponsoring Agency

Local Government & Community Development Department/Metropolitan Corporation Faisalabad

Implementing Agency

LG&CD Department , Metropolitan Corporation Faisalabad through Punjab PPP Authority

Location

Old Mayer House, Faisalabad

Available Land

7 Kanal 15 marla

Sources of revenue

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

Gestation period

08 months (Including 02 months of TA hiring)

Estimated project cost

PKR 1500 Million

 

Objectives

  • Provide state of the art and well managed parking facilities to cater needs of the people and resolve parking issues
  • Improvement of accessibility, reduced traffic congestion and travel time saving
  • Increase value of nearby residential, retail and commercial property
  • To create business environment for entrepreneurs. 
  • Creation of new employment and career avenues
  • Enhancement of comfort and safety