Multi Level Car Parking (MLCP) at Siruseri

The mushrooming of various commercial establishments, residential colonies, institutional buildings and increasing public interest in using the motorised vehicles and various other key factors, causing intense growth of vehicular traffic in Rajiv Gandhi Salai. As the length and width of road remains constant and also the major portions of the service roads are being occupied by the parked vehicles, causes more traffic congestion and nuisance to the public.

With a view to mitigate the above issues in Rajiv Gandhi Salai, the Government of Tamil Nadu has announced construction of a Multi Level Car Parking (MLCP) at Siruseri, under Public Private Partnership mode at an approximate cost of Rs 200 Crores. TNRDC has been appointed as Managing Associate for the Project. The project will be designed with 9 floors to accommodate 632 cars plus commercial complex. The project will be executed under Design, Finance, Build, Operate and Transfer (DBFOT) basis. The concession period is fixed as 25 years including 36 months construction period.

The proposal is submitted to TNIDB for approval, since it is Public Private Partnership (PPP) project.