Agartala, 29 Dec 2022
The construction of multi-level car parking at the old motor stand will begin on Friday with Bhoomi Pujan to be held by the Chief Minister. There will be 280 car parking facilities to decongest the city. Apart from that, there will be various types of commercial hotels, multiplexes with shopping malls. This building will be the tallest building in North East region at 50 meters height.
This building will be built in private public partnership. The land has been leased by the government to private companies for 30 years. This parking complex will be built with 200 crore rupees. Private companies will take rent from the government.
The project will be completed within three years, while private companies will own it for up to 30 years. Later, after the contract with the government is over, everything including the building will be owned by the state government.
This is the second project of private public partnership. Earlier, Polo Tower was created through such agreements.
