Govt. green-lights multi-storeyed car parks in selected cities under PPP | Daily FT

The Cabinet this week approved the construction of multi-storey car parks and the implementation of mixed-development projects in selected cities including Colombo.The proposed project will see the construction and maintenance of car parks by investors selected through an open competitive procurement process and is aimed at minimising the daily traffic congestion caused due to the influx of vehicles towards Colombo and the suburbs.The Cabinet granted approval for the project which had been proposed by Prime Minister Mahinda Rajapaksa as the Minister of Urban Development and Housing.According t…

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