Telangana State government has constituted Hyderabad Metro Rail Limited (HMRL) as the nodal agency for taking up the construction of multi-level parking complexes in the city.
The government has constituted a five-member committee in which HMRL Managing Director will be the convener and GHMC commissioner, HMDA commissioner, TSIIC MD and TSRTC MD will be the members.
HMRL has prepared a scheme for developing multi-level parking in public private partnership (PPP) mode on build, operate and transfer (BOT) basis at Nampally. It further stated that the multi-level parking will have a concession period of 50 years and the bidder will be allowed to construct commercial space (floor area) equivalent to parking space created in accordance with the parking policy and building rules.
The government has asked HMRL to manage the bid process for development of multi-level parking and asked GHMC, HMDA, TSRTC, TSIIC and other departments to provide suitable vacant lands at metro, MMTS, railway and bus stations in the city.