{"id":65517,"date":"2024-02-28T18:45:54","date_gmt":"2024-02-28T18:45:54","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/cda-inks-agreement-with-private-firm-for-digitise-car-parking-in-islamabad-pakistan-observer\/"},"modified":"2024-02-28T18:45:54","modified_gmt":"2024-02-28T18:45:54","slug":"cda-inks-agreement-with-private-firm-for-digitise-car-parking-in-islamabad-pakistan-observer","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/cda-inks-agreement-with-private-firm-for-digitise-car-parking-in-islamabad-pakistan-observer\/","title":{"rendered":"CDA inks agreement with private firm for digitise car parking in Islamabad – Pakistan Observer"},"content":{"rendered":"
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ISLAMABAD \u2013 Capital Development Authority (CDA) has signed an agreement with a private firm for digitization of parking sites in the country\u2019s federal capital Islamabad.<\/p>\n

The joint venture of CDA and a private firm, M\/S AJCL will revolutionise car parking facilities across the metropolis. The recent move comes after a meeting of CDA Board, that entails the comprehensive digitisation of car parking infrastructure.<\/p>\n

As per the CDA agreement, the installation of the latest parking equipment and the latest parking management system will be formed in all car parking lots in the capital.<\/p>\n

The agreement, following a competitive bidding process, stipulates that 25percent of parking revenue will go to the private firm while the remaining 75 percent will be received by Capital Development Authority.<\/p>\n

At least eight firms sent proposals till last date of November 30, 2023, and financial bids were opened in a transparent manner till the second week of January 2024. M\/S AJCL won the bid with 75 percent revenue share.<\/p>\n

This initiative will help curbing traffic congestion and will also boost the economy.<\/p>\n

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Islamabad to get new Housing Society in joint venture of CDA, real estate developer<\/a><\/p>\n<\/blockquote>\n