PPP in Parking Infrastructure

There have been continuous policy level interventions taking place, so as to create a conducive environment for PPPs in parking. Major milestones in this should start from the National Urban Transport Policy. Lea Associates had formulated a parking policy for the Mumbai Metropolitan Region during 2007. In October 08, Ides Consulting Pvt. Ltd, Bangalore in association with Urban First System Pvt. Ltd, Bangalore has proposed a policy paper for parking for Bangalore. Recently, many State Governments are moving ahead with formulating parking policies, as a requisite reform under the JnNURM. Though most of those policy documents are well targeted to promoting the public transport systems over the use of personalized vehicles, specific policy level interventions for facilitating the entry of private sector in parking infrastructure still needs to be more categorically articulated.