DS Constructions forays into automated parking sector

October 12, 2007

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DS Constructions Ltd., the pioneer in PPP infrastructure development and engineering construction in India, today announced that it has bagged an Automated, Multi-storey car parking project on BOT basis from New Delhi Municipal Council (NDMC). Located on the Kasturba Gandhi Marg near Connaught Place, the parking lot would be spread over 6200 sq mtrs and will have a capacity of accommodating 1500-1600 Equivalent Car Spaces (ECS). The concession period for the project is 30 years.

Speaking on the occasion, Mr. M S Narula, Managing Director of DS Constructions said, “Our vision is to be a leading Infrastructure developer and investor in India. We already have significant presence in the roads and highways, hydro power, railways and SEZ sectors and are actively pursuing Sea Port & Airport projects and today we are proud to have made our debut in the automated parking sector with this project. We are evaluating the opportunities in this sector and are keen to develop and invest in more such parking projects in the country.”

“This project holds grave importance owing to its magnitude and strategic location, as it lies in the heart of the sprawling business and commercial zone of the capital. We will be deploying the latest technology from Germany for multi-storey automated parking, with optimum space utilization to ensure that the facility accommodates the maximum number of cars. We are confident of completing the project much before the Commonwealth games.” Mr. Narula further added.

Source: moneycontrol.com