Excelsior Correspondent
SRINAGAR, Apr 10: Economic Reconstruction Agency (ERA) today started work on the construction of multilevel mechanized car parking facility in Srinagar city at Lal Chowk (KMDA bus stand).
In a statement, a spokesman of ERA said that the work on the multilevel car parking facility was started in presence of Saurabh Bhagat, Chief Executive Officer, ERA. The project is estimated to cost Rs 26.75 crore and will be spread over an area of 3472 sqms. This includes construction of five level automated puzzle type mechanized parking facility along with three storied commercial complex comprising of office space, public toilet and commercial space (shops) for rehabilitation of KMDA office and other shopkeepers presently existing at site.
A Memorandum of Understanding was signed in the 1st week of April, 2013 between Vice Chairman Srinagar Development Authority and ERA for handing over KMD bus stand which is presently with the SDA for construction of parking facility. The contract for this sub-project has been bagged by M/s Simplex Projects Limited a national level company having a wealth of experience in the construction of such projects.
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