IL&FS Transportation to develop multi-level car parking at GIFT City

Gujarat International Finance Tec-City Company Ltd and GIFT Parking Facilities Ltd, a wholly owned subsidiary of the company has inked a concession agreement with IL&FS Transportation Networks Ltd for developing a multi-level car parking facility at GIFT City.

The project to be developed on BOOT basis involves design, development, finance, construction, operation and maintenance of multi-level car parking facility for period of 30 years. The multi-level car parking facility comprise of 16 floors, including retail space at the ground level, with capacity of around 5400 car parking spaces.

Around 80% of the parking spaces would be allocated to the lessee/developers of various buildings in the GIFT City whereas the remaining 20% shall be made available as paid parking facility to the visitors to the GIFT City. Besides, the revenue shall also be generated from leasing of retail space.

EPC World News Bureau

Recent News

Harbour House Crabs Celebrates Their 15th Anniversary

on 27 March 2017
Written byIlove crabs

Harbour House Crabs (http://www.ilovecrabs.com/) is known for their high-quality seafood and top-notch customer service.

Tremendous Growth opportunities in Denmark Orthopaedic Devices Market: Ken Research

on 27 March 2017
Written bynitesh

Denmark Orthopedic Devices Market Outlook to 2022-Arthroscopy, Cranio Maxillofacial Fixation (CMF), Hip Reconstruction, Knee Reconstruction,...

Organic Device Release Series of Singles With Some Featuring Vocalist Minna

Organic Device Release Series of Singles With Some Featuring Vocalist Minna

on 26 March 2017
Written byOrganic Device

Electronic artist ‘Organic Device’ have recently introduced a bunch of new release from October 2016...

Jamal Abdullah Lootah CEO of Imdaad On Earth Hour

on 26 March 2017
Written byOrient Planet

Imdaad celebrates Earth Hour “Earth Hour has become a global phenomenon that has united many countries...

ZCorum Honored with 2017 GLOBE Award from Georgia Governor Nathan Deal

on 25 March 2017
Written bysuleman

ZCorum among select group of businesses recognized for entering new international markets in 2016. ZCorum,...

Global Syn-Turf Opens New Artificial Grass Distribution Center Location in Kent, Washington

on 25 March 2017
Written bysuleman

Global Syn-Turf, Inc, the leading manufacturer of artificial grass in the United States, announces the...

Easywork.net Starts Pre-Launch Enrollment for Freelancers and Clients

on 25 March 2017
Written bysuleman

Easywork.net, set to debut in May as the ultimate online destination for freelancers and potential...

GREEN CREATIVE Launches STIRP QWIKLINK Series LED Luminaires

on 25 March 2017
Written byinet saravanan

GREEN CREATIVE, the commercial grade LED lighting manufacturer, proudly announces the release of its STRIP...

Author Harry Barok’s Memoir Reveals the ‘Untrained Psychic’

Author Harry Barok’s Memoir Reveals the ‘Untrained Psychic’

on 24 March 2017
Written byAndrew

Delve deeper the controversial life of an ordinary man with extra ordinary stories Harry Barok’s releases...

Lois Lindenfeld Calls Out Strong Faith in Historical/Coming-of-Age Novel

Lois Lindenfeld Calls Out Strong Faith in Historical/Coming-of-Age Novel

on 24 March 2017
Written byAndrew

A coming- of- age story that takes readers to a true world of friendship, responsibility...

Featured

Online news submission & press release distribution service - Google News submission & over 1500+ major news syndications (Including TV, Newspapers, Radio) We help get your news noticed by your customers and media. You can reach out and target specific industries and locations worldwide, giving great exposure! We can even write the press release you want to distribute.