Officials said these parking slots would accommodate more than 800 vehicles at a time. These parking lots, to be surrounded by commercial complexes' would be constructed as part of the Atal Mission for Rejuvenation and Urban Transformation (AMRUT)— a centrally sponsored scheme aimed for developing city infrastructure.
Estimated at Rs 113 crore, these parking slots are scheduled to be completed in next three years, officials said.
"At the SMG parking, 376 vehicles could be accommodated in the covered parking while surface parking will have a capacity for 43 vehicles. In addition 38 two-wheelers can also be parked here," an official of SDA said.
The Sheikh Bagh multi-level parking will accommodate 400 four-wheelers and 42 two-wheelers and be surrounded by 71 shops. IPE Global, a Delhi-based consultant, has been appointed as the consulting agency for the parking lots at SMG and Sheikh Bagh.
Pertinently, J&K Economic Reconstruction Agency (ERA) is constructing the multi-level car parking at the KMD Yard in city center.
"The site for SMG parking is 13.01 kanals while Sheikh Bagh parking would be spread across 12.70 kanals . The SMG parking has a proper entry and exit point. We plan to use land from old lower court premises so that entry and exit becomes smooth for the Sheikh Bagh parking as well," the SDA official said.
The Srinagar Municipal Corporation (SMC) is the nodal agency while SDA would be the implementing agency for the two new multi-level parking lots, which would include facilities such as ATM's, shops, restaurants, children's park , departmental stores and community hall.
Asian Development Bank (ADB) is the funding agency for the KMD parking lot while 50 per cent of funding for the two new parking' slots would be generated from AMRUT- driven by the Housing and Urban Development Department (HUDD).
"We will have an electronic barricade which will count the number of vehicles that make an entry and exit the parking lots. CCTV cameras and state-of-the art machines will be part of these parking slots," the SDA official said.
Even as SDA is optimistic regarding the two parking projects, infrastructural problems have often caused roadblocks at the KMD parking. The proposed plan of the authorities to relocate the MA Road-based Government Press to Sempora in order to carve out more space for the semi-automatic parking has not started yet.